Are you dreaming of owning your car but need more funds to make it happen? Autocheck car loans provide a convenient and accessible solution for individuals in Nigeria looking to finance their car purchases.
Whether you need a brand-new vehicle or a reliable used car, Autocheck offers competitive interest rates and flexible repayment terms to suit your budget.
This guide will walk you through applying for Autocheck car loans, ensuring a smooth and hassle-free experience. With Autocheck, you’ll be one step closer to driving off in your dream car.
Autocheck is a Nigerian-based company that offers a wide range of services related to the automotive industry, including vehicle inspection, valuation, and financing.
Autocheck car loans are designed to provide individuals and businesses with easy and affordable access to funding for purchasing new or used cars. If you need a car loan, Autocheck offers a simple application process that can be completed online.
How Autocheck Car Loans Work
Autocheck car loans provide individuals with the opportunity to purchase their desired vehicle without the need for upfront cash payment. With a wide selection of vehicles available, customers can choose the car that suits their preferences and needs. If a specific vehicle is not immediately available, Autocheck will try to source it for the customer.
Benefits of Using Autocheck Car Loans
One of the key benefits of using Autocheck car loans is the comprehensive package that comes with it. All car loan products offered by Autocheck include insurance coverage, annual maintenance, and registration. These services are conveniently located at the nearest Autocheck center, ensuring a hassle-free customer experience.
Additionally, customers are assigned a dedicated service advisor who will oversee the regular maintenance checks and ensure the car remains in optimal condition throughout the loan tenure.
What is the Minimum Equity Contribution for Autocheck Car Loans?
Regarding the minimum equity contribution required for Autocheck car loans, it is important to note that the borrower must fund a minimum of 30% of the total car cost. This is a commitment and shows the borrower’s dedication to the loan agreement.
Individuals will only be eligible for an Autocheck car loan with this minimum equity contribution. Also, a refundable deposit of 1% of the car amount is required to secure the car during the loan processing period.
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 you are interested in applying for an Autocheck car loan, you must present the following:
- Your CAC certificate / BN1 document
- A valid means of Identification
- Utility bill
How to Apply for Autocheck Car Loans
To apply for Autocheck car loans, you have two options: visiting the Autochek website or installing the Autochek App (I have provided the steps for downloading the Autocheck car loan app under “how to install Autocheck car loan app).
Follow the steps below to complete your car loan application process:
- Visit the Autocheck website to browse the cars that you like.
- Once you’ve found the car, click the “Pay from xxx amount” button. This will prompt you to create an account or log in if you already have one.
- Log in to your account, and you will be directed to complete a short form. Provide your details, BVN, monthly income, and other requested information.
- If you meet the financing criteria, a page will appear showing the breakdown of the loan amount you seek.
- Click on “Process Request” to proceed with the application.
- Fill out the application form with your details, identification details, and residential address.
- Next, provide your employment or business details as required.
- To secure the car while your loan is being processed, you must pay a 1% fee.
- After the payment, you can easily provide your bank statement using Okra or Mono without visiting a physical bank. Provide your email address and click “continue.”
- Choose your account type – “Personal” or “Business” for business accounts.
- Select your bank and log in to your Internet banking account.
- Share your bank statement with Autocheck by selecting the appropriate bank account.
- Congratulations! You have successfully applied for a car loan. Within 3-5 days, you can expect to receive offers from various Autocheck financing partners.
- Once you accept an offer, Autocheck will deliver the car within 5-7 days.
Where and How to Download Autocheck Car Loan App
The Autocheck car loan app is available on the Google play store and apple store. The steps in downloading the Autocheck car loan app on the Google play store are the same as for the Apple Play Store. To download and install the Autocheck car loan app, follow these steps:
To download the Autocheck car loan app, follow these simple steps:
- Open your mobile device’s Google Play Store or Apple App Store.
- Type “Autocheck Car Loan” in the search bar and hit enter.
- Look for the official Autocheck Car Loan app in the search results.
- Once you find the app, click on it to open its page.
- On the app’s page, click the “Install” or “Get” button to start downloading and installing.
- Wait for the app to download and install on your device. This may take a few moments, depending on your internet connection speed.
- Once the app is installed, you can open it by clicking on the app icon on your device’s home screen or in the app drawer.
- When you launch the Autocheck Car Loan app, you may be required to sign in or create an account. Follow the on-screen instructions to complete the registration process.
- After logging in, you can start exploring the features and functionalities of the Autocheck Car Loan app, including applying for car loans, browsing available cars, and managing your loan applications.
By following these steps, you can easily download and install the Autocheck Car Loan app on your mobile device, enabling you to access car loans and related services conveniently at your fingertips.
Autocheck Customer Service Phone Number and Address
Head Office: 1 Sylvia Crescent
Anthony Village, Anthony, Lagos
Tel: +234 700-288-6243
Frequently Asked Questions
Can I Apply for Multiple Autocheck Car Loans?
Yes, you can. However, the primary consideration for Autocheck is your income and its ability to cover the loan repayments comfortably throughout the loan tenure. Choosing a car that aligns with your income and ensures that you can meet both the loan requirements and your regular financial obligations is important.
Do I Need Collateral to Apply for Autocheck Car Loans?
When applying for an Autocheck car loan, you don’t need to provide any collateral. Autochek understands that purchasing a car is a significant financial commitment, and they have designed their loan process to be accessible and hassle-free.
Does AutoCheck Have an App?
Yes. The AutoCheck mobile app is available for AutoCheck members using Android or Apple phones/tablets.
Who owns AutoCheck Nigeria?
The owner of Autocheck car loan company is Etop Ikpe, a Nigerian entrepreneur who founded Cars45, a car dealership company, in 2016.
What is the Interest Rate for Autocheck?
The interest rate attached to the Autocheck car loan is 15%, and comes with a repayable period of between four and five years.
Applying for Autocheck car loans is a straightforward and convenient process. By downloading the Autocheck Car Loan app, you can easily browse and select your desired car, fill out the necessary forms, and provide the required documentation.
The app simplifies the application process, allowing you to apply for a car loan easily. With Autocheck, you can access financing options, receive offers from financing partners, and secure your dream car hassle-free. Start your journey towards owning a car by applying for an Autocheck car loan today.