1. First Bank Nigeria Car Loans
With a first bank also you get a car loans to purchase your dream car sooner than you think. Firms and companies can also apply for this loan to acquire vehicles for the day-to-day running of their business and other purposes.

Features First Ban Nigeria Car Loan
The maximum loan amount of N15 million
The Tenure is 48 months (4 years)
20% equity contribution is required
22% interest rate
Vehicles to be financed must be new and from FirstBank approved vendors
Salary domiciliation.

Benefits
A year free car servicing or car serviced at 15,000km mileage (whichever comes first)
Free fuel card available for 1 year
Free car registration.
3 years manufacturer car warranty

Required Documents To Get Firstbank Nigeria Auto Loan
Application letter
Auto Loan application form
Proforma Invoice from FirstBank approved vendors
Current 3 months payslip
Statement of account
Letter of total emolument
N:B Only Employees in paid employment can apply for this loan .

2.CreditVile – Nigeria Car Loans

It’s a loan company that offers auto car loan facilities to individuals in paid employment in the form of asset finance towards the acquisition of a personal vehicle(s). The car must be solely for private use and they have another platform for commercial vehicles. The vehicle financed shall not be used for ANY commercial purpose. Ownership of the car bought ultimately transfers to the customer at the end of the facility tenor, subject to having met all prescribed repayment terms.

Benefits of Creditvile

Immediate Access to a vehicle they couldn’t have financed based on cash-at-hand.
The luxury of buy now and pay later over time.
Time value of cash and its attendant need to hedge against inflation.
Extended repayment periods of up to 36 months.
Comprehensive insurance and Tracking that covers the entire facility tenor.
Transparent pricing model

Who can take up creditvile car loan Offer?
Salary earners who are a CONFIRMED staff of blue-chip companies as well as other recognized structured companies/organizations.
Salary earners who earn a minimum salary of N200,000.00
Requirements for accessing our Car Loans For Salary Earners
Applicant’s formal letter of request
Duly completed application form
Valid professional driver’s license
Copy of Office I.D card
Recent utility bill of house address
Six (6) months bank statement capturing salary received within the period.
A duly executed Asset finance agreement
Evidence of equity contribution lodged with Creditville Limited’s account.
3. UBA Car Loans
Whether it’s your first car or you want to upgrade to a higher model, the UBA Auto Loan product enables
you to drive your dream car, while you repay conveniently. One of the major constraints is that you are only allowed to pick from the brands below Toyota
Honda
Mitsubishi
Hyundai
Mercedes
Nissan
Ford

Product Features & benefits

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

Eligibility Criteria

Functional savings or current salary account
Duly completed loan application form.
Valid means of Identification (International Passport, National Driver’s License, National ID Card and Voters’ Card).
Employer’s undertaking to domicile salary with UBA.
Duly accepted offer letter or employee inquiry form (The offer letter should contain Employee Name, Employee Job Description/Position; Nature of Employment (Permanent or Contract); Employee Job Status (Confirmed or unconfirmed).
Copy of the customer’s staff ID.

How to apply UBA Auto Loan


Visit any of the approved auto vendor stores to obtain Pro-forma invoice (PFI) for preferred items.
Visit a UBA branch to complete a loan application form.
Execute an offer letter detailing the loan terms and requirements, following approval of the car loan.
Pick up your preferred automobile from the auto vendor.

4. BetaCar Car Loans
Over the years, Nigerians have had to sacrifice quality for affordability. Betacar is a loan financing firm leading the charge to help Nigerians access the best of Tokunbo0s by financing the Car Loans – Quality certified cars and payment convenience.Betacar Financing gives salary earners and structured business owners in Nigeria the opportunity to buy quality certified Tokunbo cars and pay over a period of 12-24 months.

How Beta Car Works
Search available cars to select your preferred car.
Use the simple car loan calculator on your selected car to check the upfront deposit required, the monthly repayment, and the period of payment.
Click on “Apply for Loan” button and fill the pre-approval assessment form.
You will get an approval or rejection email within 10 minutes.
If approved, you will get an email listing the documents needed, so start preparing all your documents.
Visit Betacar HQ office for inspection and test drive.
Scan all required documents and submit as a reply to the email address (betacarfinancing@betacar.ng).
Our team will review and let you know once your application package is completed … And you are all set!

5. Stanbic IBTC Bank Car Loans
What You Get Stanbic IBTC Bank Car Loans

Flexible Payment Terms – with up to 4 years tenor for repayment
Access to competitive interest rates
Access to our comprehensive dealer/partner network to help you find your car

How To Get Stanbic IBTC Bank Vehicle Asset Finance (VAF)
A completed application form
Proof of income/evidence of salary
A proforma invoice for your car of choice (preferably from a Stanbic IBTC partner dealer)
Or you may:



6. Jaiz Car Loans Murabaha

This a product designed to finance acquisition of automobiles for salary account holders in public, private and other reputable organizations. This is financed under Murabaha (cost plus). The bank purchases the vehicle and sells to the customer with a reasonable markup (otherwise called profit). Payment for the vehicle sold to the customer is usually on monthly basis from the customer’s salary for a period of 3 to 4 years. It’s good to always keep in mind Jaiz Bank Operate 0% Interest rate.

Jaiz Auto Ijara also features Used Vehicles!
Features
Open to salaried persons.
Up to 48 months tenure
20% down payment

Other Notable Mentions

Cars45: Car loans – Buy Now, Pay Later! Get your car loan approval within 72 hours and pay for up to 12 months at 2.5% monthly interest rate. *All salary earners
.Fcmb Car Loans: This is a consumer credit scheme which allows qualified individuals to the part-finance acquisition of cars for personal use.
Autocheck Car Loans: Complete a short form and get personalised cars to choose from · Select a car and review the terms of finance · Apply for a car loan and receive personalized offers.

Source: https://treasurenaija.com/car-loans-where-to-get-your-car-loans-in-nigeria-2021/