If you are exploring options to borrow money against my car in Nigeria, understanding contract transparency and asset safety is essential. ALHERI LENDING COMPANY LTD operates as a fully licensed financial institution across Lagos, Kano, and Abuja, maintaining complete clarity in all agreements.
Here are direct answers to common questions about our vehicle pledge cash facility:
Q1: Are there hidden fees or surprise evaluation charges?
No. Fully compliant with 2026 FCCPC consumer protection standards, ALHERI enforces a strict zero-hidden-fee policy. All interest rates, processing fees, and storage terms are detailed upfront before contract signing.
Q2: Do I need a third-party guarantor?
No. Your vehicle serves as the sole tangible security backing the loan. Provided you present valid identification (NIN/BVN) and verified ownership documents, no personal guarantor is needed.
Q3: How secure is my car while in storage?
Your automobile is kept safely inside our 24/7 CCTV-monitored, professionally guarded garage facility (located along Airport Road in Kano, and designated secure hubs in Lagos and Abuja). Vehicles remain untouched and parked securely.
Q4: How fast are loan funds disbursed?
Once physical vehicle appraisal and document verification are completed, cash transfers settle directly into your Nigerian bank account within 30 minutes.
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