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Nairaland Forum / Nairaland / General / Car Talk / How To Get A Car Loan In Nigeria - A Complete Guide (18701 Views)
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How To Get A Car Loan In Nigeria - A Complete Guide by Seun(m): 11:05pm On Sep 28, 2011 |
UgoDre has just written a tutorial about getting a car loan in Nigeria. It contains everything you need to know. Mike: Hi Ugo I need a car loan how do i get one? The full article (an informative must-read) is here: http://ugodre..com/2011/09/i-need-car-loan-101.html |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by kabukabu(m): 11:25pm On Sep 28, 2011 |
Great,but where are the jobs, not enough people to take advantage of this option,to be profitable enough for most banks. , I hope it does well though. |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by heynew: 5:17am On Sep 29, 2011 |
If this is working it will be a great relief to many Nigerians |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by http(m): 5:21am On Sep 29, 2011 |
@ seun, i will like to have one, don't know if one can living abroad can get a car loan in naija bank? cos all the banks here are Agberoes |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by snthesis(m): 7:47am On Sep 29, 2011 |
http: |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by semid4lyfe(m): 8:23am On Sep 29, 2011 |
^^And Seun keeps promoting the Ugometrics blog and trying to revive the Business/Money section |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by Bawss1(m): 11:47am On Sep 29, 2011 |
Nlanders and their love for the word epic. Everything is epic. |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by ifyalways(f): 11:55am On Sep 29, 2011 |
A car is the last thing I would take a loan for!As far as Ifeoma is concerned,a car remains a liability(be it for biz purporse or for comfort) and as such can only be purchased with "cash". I'd rather manage my grnadpapa bicycle till whenever i save up to buy me my "tuke-tuke or chasis". 1 Like |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by fm7070: 12:01pm On Sep 29, 2011 |
What about interest rate? Car is a liability. not an asset. That is where most Nigerians miss it and loom in poverty all their lives |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by Nobody: 12:30pm On Sep 29, 2011 |
Car loan ke How wuld som1 use his own hand and money to buy liability Olorun Majeeeeeeee!!! When u can get loan to buy land or house. Or start up a business or execute a contract. You kon carry money go buy Car, |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by rydeorsail(m): 1:36pm On Sep 29, 2011 |
its only in 9ja that i see guys pay cash for cars, 1 Like |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by Akocity: 2:19pm On Sep 29, 2011 |
If one is to collect 1 million, how much will he pay back in a space of 6 months? |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by vitality22(m): 2:32pm On Sep 29, 2011 |
Akocity:If you have a job with a reliable company, then rush to the nearest First Bank close to you now |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by catso(m): 3:02pm On Sep 29, 2011 |
A CAR LOAN, ! Do not try to receive loan on something that is not bringing/generating income to you. Car loan from nigeria bank? Have you ever wonder what the interest pay will be plus all the hidden charges? Please think twice! |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by brainpulse: 4:16pm On Sep 29, 2011 |
@ fm7070: What a poor man's mentality, be it liability ordebt, pray that God should give you money to buy one. When you have good money,liability wont even come to your mind when you want to buy one, and you will even buy with ease and even buy a house with it as well. There is a prayer in my mother's language that; As i av come to this world if it is car they are riding, i will ride with them; if it is house they are building, i will build with them and if its to marry, i will join them to marry. so dont continue to grow and curse yourself with that povety mentality. 2 Likes |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by Idboyostic(m): 4:21pm On Sep 29, 2011 |
am yet 2 see a bank d@ giv loan 4 Tokunbo car,if ther is any: I will lik 2 knw |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by brainpulse: 4:23pm On Sep 29, 2011 |
ifyalways: You better dont curse yourself for life Must of the foreigners also buy with loan, its only a poor man that will collect loan to do bury ceremony, naming ceremony. But to buy car, build house and do business mbanu. Dangote bought his yacht, trucks with loan and other things Otedola do business with loan. Deji, Jimoh Ibrahim etc, 4 Likes |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by Alorauk(m): 4:36pm On Sep 29, 2011 |
Would they give car loan to people living abroad too? |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by chuckdee4(m): 5:13pm On Sep 29, 2011 |
@ brainpulse You got it wrong bro, there's more to a loan than what you see. These are Nigerian banks we are talking about, interest rates will be ridiculous to begin with not to talk of all the ridiculous charges and consequences should you default on a payment. A car is the wrong thing to get on loan, the moment you buy a new car it starts loosing value, so why take a loan for something that will continually drop in value. I am all for the improvement of people's lifestyle but not at such an expensive price |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by digi101(m): 9:12pm On Sep 29, 2011 |
somethings wrong with the topic title, i guess it should be - A Complete idiots Guide! |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by thebrideng(m): 10:05pm On Sep 29, 2011 |
Na now i know say ignorance is a disease. Chei! Why are you people talking as if you don't know what you are talking about? I got a personal loan from UBA in 2008. Many of my Colleagues got car loans from them too. We finished our payment in 2010. It was a two years repayment plan. My friends (teachers) bought different flashy cars with the loan. Anyway i set up a business with mine which I'm still enjoying till today. We have all finished paying the loan back and the cars and businesses remain our own. There was no hidden charges but quarterly deduction which they discussed with us before we got the loan. Even they print out the deduction schedule and they strictly followed it. Wake up people, this is your chance to own something. Presently, UBA, WEMA and First Banks are giving out loans. Visit a nearest branch and obtain your form. The form is free of charge. ANyway, I am a teacher and not a banker. so don't say i am advertising. |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by executinal(m): 11:19pm On Sep 29, 2011 |
thebrideng:You are Banker how much do teachers earn that will service car loan. Or was the car pure water? even as that it is not advisable because is forking liability and not asset. It only pull money out of your pocket and doesn't put back |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by thebrideng(m): 11:41pm On Sep 29, 2011 |
You are Banker how much do teachers earn that will service car loan. Or was the car pure water? even as that it is not advisable because is forking liability and not asset. It only pull money out of your pocket and doesn't put back Hear this Ope Alaimokan. Teachers are earning better than you think nowadays. Come to Ogun State to verify my write up about the Loan, UBA Kolobo - Abeokuta gave out the loan in 2008. I am a TEACHER and proud to be one. 2 Likes |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by fm7070: 9:16am On Sep 30, 2011 |
brainpulse: @Brain Pulse, indeed your name is really reflecting your financial character. How on earth can you advice someone to put money on liability, just because of pleasure and all that. No minding the fact that car sucks your blood if you don't have asset or cash flow to service it. Buying a car is not the problem, but maintaining it. Have you have considered the future of the people you're advising? If they lose their job today, what happens to them and their family? and even the liability (car) they've bought. They ended up selling it so cheap to service the debt. Or do you think banks will sympathise with you if you lose your job? However, I am not condemning buying a car or getting a loan to buy a car, but what am saying is that: Build your asset first before getting liabilities. In America, many people will die in debt, even their children will inherit their debt after working all days of their life. They want to live beyond their income just because of credit monster made available to them. I will recommend this book to everyone: Rich Dad, Poor Dad. Read it and become rich from the Inside. |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by pynkspyce: 4:21pm On Sep 30, 2011 |
for some folks, its only thru loans they can ever own things. A gradual repayment scale |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by basadenet: 3:38pm On Oct 01, 2011 |
The post should have been - how to get a house loan? Remember car is a luxury that depreciates in value while house appreciate in value. |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by JideTheBlogger(m): 11:45pm On Jul 10, 2013 |
For business loans without collateral, read: How to get loans in Nigeria without collateral |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by saintjoel(m): 7:51am On Feb 06, 2018 |
Re: How To Get A Car Loan In Nigeria - A Complete Guide by CofOLandOfPeace(m): 12:17pm On Mar 21, 2018 |
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