₦airaland Forum

I need a loan of N50k from my bank (Gtbank). I'd like to know if they accept cars as collateral?.
Or are there any other banks that accepts cars as a collateral?

It's a clean car. Nissan tiida 2007 model. Pic attached.

I'd appreciate any ideas.

50k Is too small na for the car..I'm not sure they accept cars sha

lilvicky68:
50k Is too small na for the car..I'm not sure they accept cars sha

I know bro. But I don't own a landed property so I'm opting to use my car as collateral.

Anyway, thanks for the response.

Hey guys, I'd appreciate any info I get.

Benzoway:
Hey guys, I'd appreciate any info I get.

Why not borrow from money lending apps

Benzoway:
I know bro. But I don't own a landed property so I'm opting to use my car as collateral.

Anyway, thanks for the response.

We keep telling guys, assets over liabilities any day any time twice on Mondays.

whisp3r:
Why not borrow from money lending apps

Tried a few but they've turned me down because I'm not a salary earner. I think their acceptance rate reduced drastically since covid started.

Kriss216:
We keep telling guys, assets over liabilities any day any time twice on Mondays.

Lol, yeah I get it. Never thought I'd be needing a loan.

I know a loan company that can give you even if you are not a salary earner... I don't know if that helps

Angiestarlette:
I know a loan company that can give you even if you are not a salary earner... I don't know if that helps

Can you please tell me?. I'm located in jos, I don't know if location could be an issue.

It's in lagos ooo and you must be physically present at their office

Angiestarlette:
It's in lagos ooo and you must be physically present at their office

Oh, ok. Is it LAPO? I think LAPO has a branch here in jos.