Thank You!
Your application is being processed,
expect an offer within the next 48 hours.
Your Next Steps
Accept offer
Within the next 48 hours, please review and approve the loan offer sent to you.
Get Verified
Fill the verification form to get verified. Minimum downpayment is N850k
Sign contract
pay deposit, sign agreement and pick up your vehicle.
Understand your interest rate
Example: Toyota Camry
Car Price: N3,500,000 Downpayment (10%): 350,000. Service fee 9%: N315,000
Loan amount (car price + service fee) – downpayment.
| Loan Amount | Term | Monthly loan Repayment | Monthly interest Repayment | Total Monthly Repayment |
| 3,465,000 | 36 Mnths | 96,250 | 69,300 | 165,550 |
Hire Purchase Terms
Interest rate
The interest rate for this loan is 2.5% of the total loan amount. You will need to pay this interest rate every week or month.
Total Vehicle price
The total vehicle price includes the vehicle cost plus a standard 9% fee to cover the cost of comprehensive insurance, vehicle registration, and administrative costs.
Service Fee
We charge a 9% fee to help cover the cost of comprehensive insurance, vehicle registration, and administrative costs. This allows us to keep providing our customers with quality service and support.
Loan Term
Loan Term is the number of months your loan is active. The minimum is 12 months, while the maximum is 36 months. This is important to consider because the longer your loan is active, the more interest you will end up paying. If you are looking to save on interest, a shorter loan term might be a better option for you.
Loan Amount
The loan amount is the total amount of money you will need to borrow to finance your new car purchase. This will be the basis for your monthly loan repayments, so it’s important to calculate this carefully.
Weekly Payment
The amount you’ll need to pay back each week or month will be made up of interest plus the original loan amount (principal).
Down Payment
The loan amount is the total amount of money you will need to borrow to finance your new car purchase. This will be the basis for your monthly loan repayments, so it’s important to calculate this carefully.
Weekly Payment
The amount you’ll need to pay back each week or month will be made up of interest plus the original loan amount (principal).