The barrier to electric ownership in Nigeria has never really been the car. It has been the requirement to pay for all of it at once. Structured financing removes that.
The structure
- Equity contribution: 10% or 20% of the vehicle price
- Tenor: 6 to 60 months, chosen by you
- Repayment: fixed monthly instalment, no balloon surprise at the end
- Ownership: the vehicle is yours; the financier holds an interest until the final payment
Who qualifies
Salaried professionals, business owners, ride-hail drivers with earnings history, and registered companies. Our partners assess verifiable income, existing obligations and account history rather than a single credit score.
Documents you will need
- Valid government ID and BVN
- Six months of bank statements
- Proof of income — payslips, invoices or platform earnings
- Proof of address
- For companies: CAC documents and board resolution
What the monthly figure looks like
Use the calculator on our homepage: choose a vehicle, enter your monthly income, pick 10% or 20% equity and a tenor, and it returns your instalment plus an affordability read on what share of your income it consumes. Nothing is hidden until application stage.
How long approval takes
Pre-qualification is instant. A full decision from a partner institution typically takes three to seven working days once your documents are complete.
Frequently asked questions
- Can I pay off early?
- Yes. Early settlement is permitted with our partners; the exact terms are shown in your offer letter before you sign.
- Is a guarantor required?
- It depends on tenor, equity and income profile. Higher equity generally removes the requirement.
- Does signing up cost anything?
- Creating an account is free. A one-time ₦5,000 activation unlocks financing applications, test drives and the document centre.