Do you want to acquire a car but lack the necessary finances to do so? Autocheck car loans are a straightforward and accessible option for Nigerians wishing to finance their car purchases.
Autocheck offers affordable interest rates and various payback terms to fit your budget, whether you need a brand-new vehicle or a dependable used automobile.
This article will help you through the process of applying for Autocheck car loans, assuring a hassle-free experience. You’ll be one step closer to driving away in your ideal car with Autocheck.
Autocheck is a Nigerian-based firm that provides a variety of automotive-related services, such as car inspection, appraisal, and financing.
Autocheck car loans are intended to give people and businesses with simple and reasonable financing for the purchase of new or used cars. If you require a car loan, Autocheck provides a straightforward online application process.
How Do Autocheck Loans Work?
Autocheck car loans allow individuals to purchase their preferred vehicle without the requirement for a large down payment. Customers can select the vehicle that best meets their preferences and needs from a large selection of automobiles. If a certain car is not immediately accessible, Autocheck will make every effort to locate it for the customer.
Advantages of Using Autocheck Car Loans
The full bundle that comes with Autocheck vehicle loans is one of the main advantages of using them. Autocheck’s car loan programs all include insurance, annual maintenance, and registration. These services are available at the nearest Autocheck center, assuring a pleasant client experience.
Customers are also assigned a dedicated service adviser who will oversee regular maintenance checks and guarantee the vehicle remains in peak condition during the loan term.
What is the Autocheck Car Loan Minimum Equity Contribution?
In terms of the minimum equity investment necessary for Autocheck vehicle loans, the borrower must fund a minimum of 30% of the entire car cost. This is a promise that demonstrates the borrower’s commitment to the loan deal.
Individuals will only be eligible for an Autocheck car loan if they contribute this much equity. A refundable deposit of 1% of the car’s value is also required to secure the vehicle during the loan processing time.
Requirements for Applying for Autocheck Car Loans
To apply for Autocheck car loans, these five requirements must be met:
- Driver’s License, National ID Card, or a Voter’s Card)
- A valid means of Identification (one of the following – Your National Passport,
- Your work ID
- Utility bill
- Employment Confirmation Letter
If you are a business owner and want to apply for an Autocheck auto loan, you must have the following documents:
- Your CAC certificate / BN1 document
- A valid means of Identification
- Utility bill
How to Get an Autocheck Car Loan
To apply for Autocheck auto loans, you have two choices: visit the Autochek website or download the Autochek App (the procedures for downloading the Autocheck car loan app are provided under “how to install Autocheck car loan app”).
To finish your vehicle loan application, follow the steps below:
- Browse the Autocheck website for vehicles that interest you.
- When you’ve located the vehicle, click the “Pay from xxx amount” option. This will urge you to establish an account or, if you already have one, to log in.
- When you log in to your account, you will be sent to a brief form. Provide your contact information, BVN, monthly income, and any other information needed.
- If you meet the financing requirements, a page will display with a breakdown of the loan amount you want.
- To proceed with the application, click the “Process Request” button.
- Fill out the application form with your personal information, identity information, and residential address.
- Then, as needed, add your work or business information.
- You must pay a 1% fee to secure the vehicle while your loan is being processed.
- Following payment, you may easily provide your bank statement via Okra or Mono without having to visit a physical bank. Enter your email address and press “continue.”
- Choose your account type – “Personal” for personal accounts or “Business” for business accounts.
- Log in to your Internet banking account after selecting your bank.
- Select the relevant bank account to share your bank statement with Autocheck.
Congratulations! You have been approved for a car loan. You should receive offers from several Autocheck lending partners within 3-5 days. Autocheck will deliver the car within 5-7 days after you accept an offer.
Autocheck Customer Service Phone Number and Address
Head Office: 1 Sylvia Crescent
Anthony Village, Anthony, Lagos
Email: [email protected]
Tel: +234 700-288-6243