Lowest Interest Rate

Car Financing & Auto Loan

Drive your dream car today. We finance up to 80% of brand new or certified Foreign Used (Tokunbo) vehicles with transparent monthly deductions.

Loan LimitUp to ₦40,000,000
Interest RateFrom 2.8% / Month
Payout Speed48 Hours
Tenure Spread12 - 48 Months
Apply for Car Financing & Auto Loan
Zero Upfront FeesRapid Bank Account Payout17A Dele Adedeji St, Lekki Phase 1, Lagos
Repayment Calculator

Calculate Your Monthly Installments

Adjust the sliders below to see your exact monthly repayment, total interest, and net disbursement for Car Financing & Auto Loan.

₦14,000,000
Min: ₦2,000,000Max: ₦40,000,000
6 Months
12 Month48 Months
Early repayment discount: Clear your loan anytime before the final month with zero early liquidation penalties.
Estimated Monthly Payment
₦2,725,333 /month
Principal Amount:₦14,000,000
Interest Rate:2.8% / Month
Total Interest:₦2,352,000
Processing Fee (2%):₦280,000
Net Disbursed Cash:₦13,720,000
Product Features

Why Borrow via Car Financing & Auto Loan

Designed specifically to address the cashflow and liquidity challenges Nigerian borrowers face with traditional commercial lenders.

Down payment from as low as 20% to 30%
Choose from 150+ verified partner car dealerships across Nigeria or bring your own verified car
Comprehensive motor insurance & GPS tracker bundled in monthly spread
Flexible tenures up to 48 months with fixed reducing-balance rates
Vehicle ownership transferred seamlessly upon final repayment
Ideal For:

Professionals, executives, ride-hailing fleet owners, and expanding businesses upgrading or acquiring vehicles.

Fast, Dignified Credit with Zero Hidden Charges

At Kredio, every loan file is personally reviewed by an accredited underwriter at our Lekki Phase 1 hub. We do not use arbitrary automated algorithms that reject applicants without reviewing actual turnover or asset worth.

95%+Approval Success Rate
48 HoursTypical Payout Time
Simple 4-Step Process

How to Get Your Car Financing & Auto Loan

From initial request to cash disbursement directly into your bank account.

01

Apply Online in 2 Mins

Pick your desired amount and tenure. Fill our simple form on this page or message our Lekki desk.

02

Statement or Asset Review

We evaluate your cashflow statements or invoice validity within 2 to 4 hours.

03

Direct Payout in 48 Hours

Review your sanction offer and accept. Approved cash is wired directly into your bank account.

04

Flexible Repayment

Pay back comfortably in monthly installments with zero hidden fees and instant asset release upon completion.

Documentation

Requirements Checklist

Keep these documents ready to ensure fastest sanction and same-day payout.

Proforma invoice from certified auto dealer
Proof of steady monthly income or verifiable business cash flow
Valid Nigerian ID (NIN or Driver’s License)
Bank statement covering the last 6 months
Down payment equity contribution ready in escrow
Common Questions

Car Financing & Auto Loan FAQs

Funds for Car Financing & Auto Loan are disbursed directly to your verified commercial or digital bank account within 48 Hours of final review.
Ready to Get Started?

Apply for Car Financing & Auto Loan Today

Disbursed in 48 Hours directly to your Nigerian commercial bank account with transparent rates starting at 2.8% / month.

Office: 17A Dele Adedeji Street, Lekki Phase 1, Lagos | Phone: +234 810 366 9924