Car loan and Car financing Interest Rates in Cars45, JijiCars - Gist Cent

In my last article, I talked about how to apply for a car loan or car financing in Cars45 and JijiCars. I explained in detail what car financing is all about and the pros and cons associated with it. I also highlighted the various grades of cars Cars45 can finance and the manufacturing years. The article has been trending, and viewers have been asking for the interest rate Cars45 financing partners charge their clients who are eligible for the program. If you missed the post, click here to read 

Today, I will be revealing the Cars45, JijiCars interest rates on car loans or car financing for banks and non-banks. Recall that Cars45 partners with commercial and non-commercial banks for their financing program. Any individual or brand that wishes to get a car loan through them must be eligible for the program and also have either a salary or business account with their partners.

The interest rates are very friendly compared to other institutes used by other car brands. They are calculated in percentages and also take into consideration the risk involved. Check them out below 

• Credit Ville - 2.8 - 3.5% that is 33.6 - 42% P.A (Dependent on the risk assessment)
• Sovereign finance - 2.8% that 33.6 PA
• Lipa later - 3.5% that is 42% P.A
• Purple Money - 3.5% That is 42% P.A (Dependent on the risk assessment)
• Access bank - 15-25% P.A (Dependent on the risk assessment)
• Union bank - 18-25% P.A (Dependent on the risk assessment)
• Polaris bank - 17-25% P.A (Dependent on the risk assessment)
• FCMB - 29.50% P.A
• E-Finance - 5% that is 60% P.A
• Swipe.Ng - 5-8% That is 60-96% for 1 to 6 months

Please, note that the interest rate listed above is for bank and non-bank financing partners of Cars45, JijiCars. If you are satisfied with the above interest rate and wish to use Car45 car loan or car financing program, click here to apply.

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