Cash When You Need It.
Unlock ₦25,000 to ₦500,000 from your vehicle’s equity. Complete the entire process in just 2 minutes, right from the convenience of your smart device!
How it works?
Apply online
Takes less than 2 minutes to complete.
Get approved
Get approved for 25,000 Naira to 500,000 Naira
Receive cash
Receive your money in as little as 24 hours
Apply for an equity redraw to see what you qualify for. Equity redraw is redrawing part the value in your vehicle. An assessment maybe required.
Benefits
Use your equity to cover costs like medical, transportation, accommodation, last-minute expenses, and more
Anyone is advised to apply. Having a vehicle means you can access a lower interest by securing the loan to your vehicle.
Yes, you can.
Requirements to apply for a Gbovo loan
- Must have a good credit history
- Maintain a good payment history
- Have a vehicle**
We do our best to get everyone approved.
Once you apply, one of our associates will review your file and connect with you to complete your application and collect the necessary documents needed.
Equity redraw amount range from 50,000 Naira to 500,000 Naira.
The amount you qualify for will depend on a number of factors such as your payment & credit history, and equity on your vehicle.
Yes, you can defer payments. You are eligible for 1 payment deferrals for the duration of your term.
The application and approval can be completed online. Once you are approved you can sign the documents right away. Almost all funds are received within 1-2 business days. To speed up the process, please complete the online application and submit all of the requested documents.
A late fee is applied to any missed payment. if payment isn’t made after 30 days of notification, it will trigger our claims department to disable the vehicle until payment is paid. If payment is missed consistently it could activate a repossession.