Free Finance Calculator

See Your Monthly Payment
Instantly.

Adjust the sliders and dropdowns — results update in real time. No bank names used.

Your Loan Details

Vehicle Price ₦8,000,000
Deposit % (10–60%) 30% (₦2,400,000 deposit)
Loan Tenure 24 months
Interest Rate Scenario
Your Monthly Income (for DTI check)
Deposit Amount₦2,400,000
Loan Amount₦5,600,000
ESTIMATED MONTHLY PAYMENT
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at 22% p.a. · 24 months
Total Repayment
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Total Interest
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DTI Ratio
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All Rate Scenarios (same loan & tenure)
Get My Real Approved Rate →

Estimates only. Actual rate confirmed after lender assessment. DTI below 40% is recommended.

Rate Factors

What Affects Your Actual Rate

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Employment Type

Salaried employees from well-known employers often qualify for better rates. We know which lenders are most flexible for self-employed applicants.

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Deposit Size

Higher deposit = lower loan-to-value ratio = better approval chances and sometimes a better rate. Model 10%–60% on the calculator above.

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Tenure vs Total Cost

Longer tenure means lower monthly payment but more total interest. The calculator shows you both — make an informed decision, not just the lowest monthly number.

Disclaimer: These are estimates only, using published market rate ranges (18%–28% p.a.). They do not represent a formal offer or commitment from any lender. Your approved rate is confirmed after a lender reviews your full profile.
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The Calculator Is Just the Start.

Your actual approved rate may be better than the estimate. Let a FinDrive agent confirm your real numbers.

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Calculator FAQ

Your Questions Answered

How accurate is the calculator?+
It gives a solid estimate using published market rate ranges (18%–28% p.a.). Your actual approved rate is confirmed after a lender reviews your full profile.
Can I change the deposit or tenure?+
Yes — use the sliders and dropdowns to model different scenarios instantly. The calculator updates in real time as you adjust.
Do you finance Tokunbo cars?+
Yes — Tokunbo (foreign used), Nigerian used, and brand new vehicles. EVs are also financed.
What deposit range does the calculator use?+
10% to 60%. Most lenders require a minimum of 10–20% deposit. Higher deposit = lower monthly payment.
Can I pay off early?+
Yes. Most lenders allow early repayment with reduced interest. Your agent will confirm the specific terms.