Car-backed loans
Your car can fund your next move.
See exactly how much you can collect, your rate and your minimum monthly payment, then apply in minutes. Get your car back when you've repaid.
A fair market price for the same make, model and year. We'll confirm it at inspection.
You can collect up to
₦4,800,000
60% of your car's value · loans from ₦100k
Minimum monthly payment
for 6 months
₦920,000
- Rate
- 14%/mo
- Interest
- ₦2.52m
- Total
- ₦5.52m
- Your car supports up to ₦4,800,000We lend up to 60% of the car's assessed value.
- 2016 model is accepted
- Amount is within your car's limit
- Add your monthly income to check affordability
- Proof of ownership & clear photos of the carNeeded when you apply. A guarantor can provide the car if it isn't yours.
No account needed to calculate. Sign in with Google only when you apply.
- Plans from 1 to 12 months
- Transparent, fixed pricing
- Drop-off locations nationwide
How it works
From quote to cash in four steps
- 01
Calculate
See how much your car can unlock, your rate and minimum monthly payment. No sign-up needed.
- 02
Apply online
Sign in with Google, add your details, photos of the car and proof of ownership. About 10 minutes.
- 03
Drop off & sign
Bring the car to a drop-off location for inspection, then sign the sale & buy-back agreement.
- 04
Get funds, get your car back
Funds are sent once approved. Repay monthly. The car and agreement come back to you at the end.
Rates
Longer plans, lower monthly rates
A flat monthly rate on what you borrow, set by your plan length. No hidden charges. If you close early, we re-price at the rate for the months you actually used.
1 month
22%
per month
₦1m over 1 month → ₦1.22m/month, ₦1.22m total
Up to 3 months
18%
per month
₦1m over 3 months → ₦513.3k/month, ₦1.54m total
Up to 6 months
14%
per month
₦1m over 6 months → ₦306.7k/month, ₦1.84m total
Up to 12 months
10%
per month
₦1m over 12 months → ₦183.3k/month, ₦2.2m total
Early cancellation, explained
Take ₦1,000,000 over 12 months at 10% a month and you'd repay ₦2,200,000 in total. Close it inside the first month and you pay the 1-month rate instead: ₦1,220,000. That ₦120,000 above your contract interest is the cancellation fee, and you save ₦980,000 against running to term.
Minimum monthly payment
Your minimum monthly payment is the total repayable divided by your plan length, so the loan clears on time. You can always pay more. Your dashboard tracks every payment and shows what's due next.
Eligibility
What you'll need
Have these ready and you can finish your application in one sitting. Your progress saves automatically if you need a break.
Start your application-
A Google account
For secure sign-in. No passwords.
-
Valid ID
NIN slip/card, international passport, driver's licence or voter's card.
-
Clear photos of the car
Front, rear, both sides and interior, plus the dashboard if you can.
-
Proof of ownership
Purchase receipt, vehicle licence, customs papers or change-of-ownership documents.
-
Using someone else's car?
Add the owner's details, address and ID. They consent, sign the agreement and stand as your guarantor.
Drop-off locations
Bring your car to a location near you
Cars are inspected on arrival and kept secure until they're resold back to you.
Questions, answered
How are rates calculated?
Interest is a flat monthly rate on the amount you borrow, based on how long you borrow for: 22% for 1 month, 18% up to 3 months, 14% up to 6 months and 10% up to 12 months. Your minimum monthly payment is the total repayable divided by the number of months.
Can I repay early?
Yes. Early repayment re-prices your loan at the rate for the months you actually used, and part months count as full months. For example, a 12-month loan at 10% closed inside the first month pays the 1-month rate of 22%. The difference from your contract rate is the cancellation fee. Repaying early never costs more than running the loan to term.
Do I keep driving the car?
No. The car is kept safely at the drop-off location for the length of the loan. It's handed back, together with your signed agreement, once you've repaid.
What is the sale & buy-back agreement?
You sell the car to Madi Trade Hub for the loan amount, and we agree to sell it back to you for the repayment amount. When you've paid in full, the car and documents are resold back to you.
What if I'm struggling to pay?
Talk to us early. In special cases we can grant a moratorium that pauses your repayments for a period. Any change is shown on your loan dashboard.
Can I use a car that isn't registered to me?
Yes, with the owner's consent. They provide their details, address and ID, sign the agreement, and stand as your guarantor.
Ready when you are.
Check what your car can unlock. It takes 30 seconds and there's no sign-up.
Open the calculator