Get an Auto Loan in Nigeria and Drive Your Dream Car Today
Structured, affordable used car financing solutions designed specifically for the Nigerian market. Carlots.ng brings trust and transparency to every payment plan.
Check Eligibility & Apply NowSimple Steps to Ownership
Check Eligibility
Use our quick calculator below to estimate your loan terms and ensure you meet basic requirements.
Find Your Car
Browse our 100% human-verified listings and select the vehicle that fits your approved budget.
Submit Documents
Complete the online application form with required personal and financial documentation (KYC).
Drive Away
Once approved and payment is secured, collect your car and begin your repayment schedule.
Estimate Your Monthly Payment
Loan Parameters
Estimated Annual Interest Rate: 18% APR
Note: Final rate depends on credit assessment.
Your Estimated Payment
Monthly Payment Estimate:
₦280,556
Who Is Eligible?
Basic Eligibility
- Nigerian citizen or resident with valid ID (KYC requirements).
- A minimum verifiable monthly income (salary or business).
- Good credit history (we check with credit bureaus).
- Ability to make a minimum 10% down payment.
- Vehicle must be purchased from a verified seller on Carlots.ng.
Required Documentation
- Valid government-issued ID (Passport, NIN, Driver’s License).
- Proof of address (Utility Bill within the last 3 months).
- Bank statements (6 months) showing consistent income.
- Employment letter or Corporate Affairs Commission (CAC) papers for business owners.
- Proforma Invoice for the Carlots.ng vehicle selected.
Ready to Start Your Application?
Fill out the form below to connect with a dedicated Carlots.ng Finance Advisor.