Hello Nairalanders,

I'm in urgent need of a N1m loan. I live and work in Lagos, I can drop the documents of my Lexus RX400h as collateral for the loan. My proposed tenure is 6 months. We can discuss interest rates to suit both parties. WhatsApp 0806 697 1452. Thank you.

You didn't use private lenders the last time?

Talk to your bank.
Most people are even afraid of collateral.
A friend received a stolen good as a collateral and nearly ended in jail.

Car or documents as a collateral?

doggedfighter:
You didn't use private lenders the last time?

that was a long time ago. Didn't need to again. Thanks for asking.

Revolution2022:
Car or documents as a collateral?

Original documents of my car bearing all details to show it belongs to me and is not a stolen vehicle. If you can help, please call or send a message via WhatsApp. Thanks

Mobashir7:
that was a long time ago. Didn't need to again. Thanks for asking.

You're welcome. May you find the needed help.

Mobashir7:
Original documents of my car bearing all details to show it belongs to me and is not a stolen vehicle. If you can help, please call or send a message via WhatsApp. Thanks

What about the car?

Revolution2022:
What about the car?

The car is available for inspection at anytime. It's mine so I can bring it to you or better still, for your comfort, I can invite you to my house for verification.

Revolution2022:
What about the car?

This is the car.

Mobashir7:
Hello Nairalanders,

I'm in urgent need of a N1m loan. I live and work in Lagos, I can drop the documents of my Lexus RX400h as collateral for the loan. My proposed tenure is 6 months. We can discuss interest rates to suit both parties. WhatsApp 0806 697 1452. Thank you.

Go to micro finance Bank near you

You will drop the car and papers and i will give i

Mobashir7:
Hello Nairalanders,

I'm in urgent need of a N1m loan. I live and work in Lagos, I can drop the documents of my Lexus RX400h as collateral for the loan. My proposed tenure is 6 months. We can discuss interest rates to suit both parties. WhatsApp 0806 697 1452. Thank you.

I can give you the loan but that's If you're ready to park the car in my house alongside the original papers. If this is done then you'll get the loan immediately the agreement is drawn up and signed in the presence of a lawyer. My only other condition is that interest will keep accumulating on the loan if you fail to pay back, plus I have the full right to sell the car without informing you to get back my money plus interest in one and half years if you fail to repay the loan by then. If okay by you then chat me up. Cheers

Joyful365:



I can give you the loan but that's If you're ready to park the car in my house alongside the original papers. If this is done then you'll get the loan immediately the agreement is drawn up and signed in the presence of a lawyer. My only other condition is that interest will keep accumulating on the loan if you fail to pay back, plus I have the full right to sell the car without informing you to get back my money plus interest in one and half years if you fail to repay the loan by then. If okay by you then chat me up. Cheers

Better to be safe than sorry cos you never can say when doing business with Nigerians

Why not sell the car?

Joyful365:



I can give you the loan but that's If you're ready to park the car in my house alongside the original papers. If this is done then you'll get the loan immediately the agreement is drawn up and signed in the presence of a lawyer. My only other condition is that interest will keep accumulating on the loan if you fail to pay back, plus I have the full right to sell the car without informing you to get back my money plus interest in one and half years if you fail to repay the loan by then. If okay by you then chat me up. Cheers

Joyful365:



I can give you the loan but that's If you're ready to park the car in my house alongside the original papers. If this is done then you'll get the loan immediately the agreement is drawn up and signed in the presence of a lawyer. My only other condition is that interest will keep accumulating on the loan if you fail to pay back, plus I have the full right to sell the car without informing you to get back my money plus interest in one and half years if you fail to repay the loan by then. If okay by you then chat me up. Cheers

Sharp nigga. Make the guy no go hide the car when it's time to pay up and he fails. You are offering him a good deal tho.

Joyful365:



I can give you the loan but that's If you're ready to park the car in my house alongside the original papers. If this is done then you'll get the loan immediately the agreement is drawn up and signed in the presence of a lawyer. My only other condition is that interest will keep accumulating on the loan if you fail to pay back, plus I have the full right to sell the car without informing you to get back my money plus interest in one and half years if you fail to repay the loan by then. If okay by you then chat me up. Cheers

So long you are not a registered money lender, should shit hit the fan and it goes to arbitration, you will only get your initial loan amount. It doesn’t matter what you signed, you are not lawfully permitted to take interest on loans when you are not a financial institution or a registered lender.

b4ball:

So long you are not a registered money lender, should shit hit the fan and it goes to arbitration, you will only get your initial loan amount. It doesn’t matter what you signed, you are not lawfully permitted to take interest on loans when you are not a financial institution or a registered lender.

How do you know he's not a registered money lender?

From the conditions he gave anyone can clearly see that he has experience in this matter

b4ball:

So long you are not a registered money lender, should shit hit the fan and it goes to arbitration, you will only get your initial loan amount. It doesn’t matter what you signed, you are not lawfully permitted to take interest on loans when you are not a financial institution or a registered lender.

Your knowledge on law is limited. Please get some education before quoting me.

b4ball:

So long you are not a registered money lender, should shit hit the fan and it goes to arbitration, you will only get your initial loan amount. It doesn’t matter what you signed, you are not lawfully permitted to take interest on loans when you are not a financial institution or a registered lender.

So the contract they both sign won't matter?