Fast Cash When You Need It.

Get N50,000 to N300,000 Naira from the equity in your vehicle. The entire process can be completed from the convenience of your smart device and within 2 minutes.

How it works?

Apply online

Takes less than 2 minutes to complete.

Get approved

Get approved for 50,000 Naira to 300,000 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 of the paid equity in your vehicle. 


Use your equity to cover costs like medical, transportation, accommodation, last-minute expenses, and more

Only current Gbovo clients are eligible for our equity redraw program.

Requirements to apply for a Gbovo equity redraw program:

  • must be an existing Gbovo client
  • maintain a good payment history on your auto-payment with us

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 300,000 Naira.

The amount you qualify for will depend on a number of factors such as your payment history with us, and equity on your vehicle.

Yes, you can defer payments. You are eligible for three 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.

No penalties as the loan is secured and interest rate would still apply but discounted if paid early.

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.

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