Cars45 car loans work like an asset finance scheme that allows you to get a loan approval within 72 hours, receive the car, and pay up over time. Basically, as things stand, you can repay the loan over a maximum of 12 months and at a 2.5% monthly interest. Here is everything you need to know about one of the best car loans in Nigeria.
There are certain requirements that you must meet to apply for the Cars45 car loans. Basically, it is the fact that you must have a stable source of income, with proof from your past few bank statements. Therefore, only salary earners and registered business owners are eligible to apply. All unstable and non-income earners cannot apply. For more inquiries, you can call +234 818 984 0160. You can also read more on how to get car loans in Nigeria.
To apply for a car loan, follow the steps below:
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During your application process, you would need to provide the following:
The Cars45 car loans are split into three major categories according to the grade of the car. Basically, each car either has a grade, A, B, or C rating, depending on its quality. The better the grade, the more expensive the car. However, the categories have a maximum value of N3,000,000.
Yes, you do. The loan requires an equity contribution of at least 30% of the car’s cost. Without this, they would not grant your loan application. Also, you can only receive your car after paying the equity contribution and not before.
You can obtain a comprehensive loan, tailored to your specific needs by using this platform. Basically, it allows you to compare loans from different lenders across Africa, ensuring the best option doesn’t slip through.
At the moment, the loan tenor stands at 12 months, while the interest rate is at 2.5%. Therefore, you can receive the car upfront, and split payment across the next 12 months. However, keep in mind that you are going to be paying 2.5% more than what they borrowed from you to purchase the car.
You can reach out through any of the following:
Call: +234 818 984 0160
Cars 45 loans is an amazing asset finance scheme that makes it possible for you to own a car within a short while. It takes away the stress of 100% upfront payment at a little expense of 2.5% interest within 12 months.