Car owners across Abuja, Kano, and Lagos seeking reliable capital often have questions regarding vehicle pledge transactions. Here are direct, legally compliant answers regarding our borrowing framework.
How much cash can I unlock against my vehicle? You can access between 30% and 70% of your automobile’s verified market valuation. The final sum is based on vehicle model, mechanical performance, body condition, and resale liquidity in Nigeria.
Do I need a third-party guarantor or extensive credit history? No. Because your car acts as tangible collateral, you do not require a third-party guarantor or high credit scores. Your ownership documents and the physical asset provide all the necessary security.
Are there hidden administrative charges? Under 2026 FCCPC consumer protection standards and the Lagos State Money Lenders Law, we maintain a strict zero hidden fee policy. All interest terms, storage costs, and repayment schedules are fully stated upfront before you sign the contract.
Where is my car held while the loan is active? Your vehicle is kept inside our 24/7 guarded, professionally monitored garage facility near Airport Road in Kano, Abuja, or Lagos. The car is not driven, rented, or exposed to third parties.
How fast are loan funds disbursed? Once valuation is complete and the agreement is signed, funds are sent directly to your Nigerian bank account within 30 minutes. Repayment durations span up to 3 months, giving you flexible control over your liquidity.
Have Questions About Your Car Value?
Get a free instant vehicle appraisal on WhatsApp from our team.
