‘Nigerians to get auto loans from over 400 MFIs’ | The Guardian Nigeria News - Nigeria and World News

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‘Nigerians to get auto loans from over 400 MFIs’ | The Guardian Nigeria News - Nigeria and World News
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Automobile technology company, Autochek, has announced a partnership with Appzone Group, a fintech organisation, to provide Nigerians with quick and flexible access to car financing.

Under this agreement, the partnership will see the Autochek platform integrating with Appzone’s proprietary digital core banking service called BankOne, in facilitating access to credit from over 400 Micro-Finance Institutions for prospective buyers across the country.

After that stage, customers are then able to submit their loan applications digitally through the autochek website to over 400 financial partners currently available on Appzone’s BankOne network. Speaking at the official signing event in Lagos, Chief Technology Officer, Autochek, Chetan Seth, said like much of sub-Saharan Africa, obtaining access to financing in Nigeria is a tedious process.

Seth said Autochek is customer-focused as it operates in an on-demand economy, the company, therefore, recognises the need to efficiently provide a plethora of options for customers to access loans.“Our partnership with Appzone will enable us to further increase their options through access to the microfinance banks currently available on their platform,” Seth added.

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