Car Loans – Car Loans Application | Auto Loans

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Do you know that you can get car loans or money if you want to fix or buy a new car or anything concerning your car? Over the years, Nigerians have to sacrifice quality for affordability. This is a consumer credit scheme that allows qualified individuals to the part-finance investment of cars for personal use. Customers can own a car payment over a period of time. Businesses can also apply for this loan to acquire for the day-to-day running of their business or other purposes. Some banks provide easy to get car loans and applying for these loans is not complicated as you may think about it.

As we all know that 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. They are available from dealerships and a variety of lenders, so it is important to shop around to find the best interest rates and terms for your vehicle.

How To Apply for The Car Loan

You can apply for car loans through some steps on your mobile phone or computer. The following are ways you can apply for a car loan.

  • Download the auto loan application form
  • Enter your full name and email address
  • Your phone number and monthly income
  • Select the type of car your want and tenure
  • Enter branch address and your bank account
  • Then fill out your bank account number and city
  • Enter your state and submit your form

After you have done all this you have successfully applied for car loans. But if you do not have all this it will be a little difficult to apply for a loan.

Features Of The Car Loans

The features are the attribute you must have before you are given the car loan. The following are the features of car loans.

  • 20% interest rate
  • You get 20% ownership contribution is required
  • Maximum loan amount is 15 million
  • Vehicles to be guarantee must be new and from approved vendors
  • Maximum tendency is 48 months that four years
  • Salary occupancy

Benefits Of Car Loans

These are the benefits you can always get to enjoy after collecting the car loan. The following are the benefits of car loans.

  • Free car registration
  • Three years car warranty from manufacturer
  • Free fuel card available for a year
  • A year free car servicing at 15,000 km distance

All these are the benefit of applying for car loans. Are they not amazing?

Company That Offer Car Loans

The following that will be listed below are the best company you can apply for car loans without any problem from them if you have the complete document requested from you.

  • PenFed Union
  • LightStream
  • Bank of America
  • Consumers Credit union
  • MyAutoloan
  • Chase Auto

These are the best company you can always offer for any car loan you want. Those that can apply for the loan are employees with stable payments or paid employment.