Flexible payment from banks deepens Nigeria car loan market

…but interest rate remains above African peers

Okafor Endurance Feb 17, 2021

Buying a car just got easier for Nigerians who are contending with rising inflation and stagnating incomes with the rising option for flexible payments. With car loans, a venture which banks and motor companies have picked interest in, a middle-income earner like Nnamdi who lives on N400,000 monthly salary can buy a car from Cars45,…

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