• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Financial Services

4 Nigerian banks that offer easy-to-get car loans

Janet John by Janet John
April 28, 2021
in Financial Services, Personal Finance, Spotlight
4 Nigerian banks that offer easy-to-get car loans
Share on FacebookShare on TwitterShare on Linkedin

Owning a car is one of the exciting moments in a person’s life because you no longer have to struggle with public transportation and life is a lot easier. Many people think that they have to save up for a long time before acquiring a car but there are easy ways to achieve this through the bank.

Some Nigerian banks provide easy-to-get car loans and applying for these loans is not as complicated as you may think. In this article, we will look at how to get car loans from 4 Nigerian banks – UBA, FCMB, Access Bank and Stanbic IBTC.

READ: Fitch says Nigerian banks have a risk indicator of 12.14, explains why

RelatedStories

UBA

UBA CEO Alawuba calls for special financial court to address prolonged litigation and boost SME access to credit 

June 17, 2025
Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 

Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 

June 13, 2025

Getting a car loan from UBA 

Whether it is your first car or you want to upgrade to a higher model, UBA auto loan offers you the chance to own your dream car with a convenient repayment plan. Approved car brands are Toyota, Honda, Mitsubishi, Hyundai, Mercedes, Nissan, Ford, Suzuki, Kia, and Volkswagen.

UBA car loan features

  • Access to reputable auto dealers/retailers
  • Convenient repayment terms; up to 48 months
  • Competitive interest rate
  • Maximum loan amount of N15m
  • Minimum equity contribution of 30%
  • Mandatory comprehensive insurance and vehicle tracking

READ: Interest rates of some loan apps in Nigeria


Getting a car loan from FCMB

FCMB offers a consumer credit scheme that allows qualified individuals to acquire cars for their personal use. Customers can own a car and pay over a period of time. With an FCMB auto loan, you can easily find the car of your dream, compare prices, mileage and also inspect the vehicle to ascertain the condition.

FCMB car loan features

  • Auto-loan amount: Up to ₦30 million
  • Interest Rate: As low as 20% per annum
  • Equity Contribution: As low as 30%
  • Loan repayment tenure: up to 36 months

READ: Nigerians will soon use their gold as collateral for loans – Minister


Getting a car loan from Access Bank

Access bank offers a user-friendly platform for customers to acquire new and pre-owned vehicles in a financially convenient manner. This offer is available to salary account holders, SMEs, and corporates. The bank also partners with a wide range of car dealers including Autochek and cars45 so that customers can have access to a wide range of vehicle brands and models.

Access Bank car loan features

  • Open to salaried income persons, SMEs and Corporates
  • Equity contribution as low as 10% of the invoice value
  • Competitive pricing
  • Up to 48 months tenor
  • Wide variety of vendors to choose from

READ: How to apply for a micro-finance loan in Nigeria


Getting a car loan from Stanbic IBTC

Stanbic IBTC Bank offers car loans for both new and used vehicles with a maximum loan limit of N15m and tenor of 48 months. All vehicle brands are also covered in the offer. The bank offers new and existing customers the opportunity to get the car of their dreams with an affordable, convenient and structured repayment plan.

Stanbic IBTC car loan features

  • Competitive interest rates
  • A variety of partner dealerships to help you find the best car
  • Flexible payment terms with a 4-year tenure
  • A monthly electronic statement to track your repayments

Bottom Line

Getting a car loan is an easier way to finance the purchase of a car than paying a large sum of money upfront. More banks are creating flexible and convenient auto finance loans to make it easier for their customers to achieve the goal of owning a car.


Follow us for Breaking News and Market Intelligence.
Tags: Access Bankbankscar loansfcmbFeaturedStanbic IBTCUBA
Janet John

Janet John

Janet John is a graduate of Chemical Engineering from the University of Uyo. She specializes in technical writing where she creates easy to read documentation, articles to clearly and efficiently explain highly complex processes. When she is not writing, she works as a freelance front-end developer

Related Posts

UBA
Financial Services

UBA CEO Alawuba calls for special financial court to address prolonged litigation and boost SME access to credit 

June 17, 2025
Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 
Financial Services

Report: Nigerian banks paying their staff less salaries compared to African peers, blames AMCON 

June 13, 2025
Nigerian banks, fintechs set to launch cNGN stablecoin on February 27 
Exclusives

Top 10 Nigerian banks with the highest app downloads as of May 2025  

June 13, 2025
Retail Kings; Banks with the largest retail deposits in Nigeria in 2024 
Exclusives

Retail Kings; Banks with the largest retail deposits in Nigeria in 2024 

May 27, 2025
UBA
Financial Services

UBA, Access Bank among Nigeria’s strongest brands in 2025 –  Report 

May 22, 2025
Nigeria’s largest multinationals spreading across Africa – 2025
Companies

Nigeria’s largest multinationals spreading across Africa – 2025

May 7, 2025
Next Post
Mukesh Ambani, the richest man in Asia buys iconic $79m UK golf club with 900 years history

Mukesh Ambani, the richest man in Asia buys iconic $79m UK golf club with 900 years history

Comments 2

  1. Gbaya bundesen blessing says:
    August 4, 2021 at 12:06 am

    Please will like to know how this works

    Reply
  2. jad says:
    August 30, 2022 at 9:48 am

    Owning a car is a necessity, but due to low source of income, some individual finds it difficult to own a car. But there’s a way out. Auto Finance Companies have a loan scheme that helps you own your dream car. there are some necessary steps to be taken as well. Those steps will be found in the site link attached to this comment, the site as well will guide you through as well.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Top 10 most affordable states to live in Nigeria – May 2025 ranking  
  • Visa appoints Aminata Kane as Head of Western and Central Africa 
  • Cybersecurity risks in registrar services: protecting investor data 

Follow us on social media:

Recent News

Top 10 most affordable states to live in Nigeria – May 2025 ranking  

Top 10 most affordable states to live in Nigeria – May 2025 ranking  

June 18, 2025
Visa appoints Aminata Kane as Head of Western and Central Africa 

Visa appoints Aminata Kane as Head of Western and Central Africa 

June 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics