Fuel Your Switch to CNG with Flexible Loan Options
CNG Conversion Loan Request
Criteria for CNG Loan for Conversion
Eligibility Critera
Individual or Business Status
The applicant could be an individual vehicle owner, a fleet operator, or a transportation business.
Businesses like logistics companies, public transport operators, and ride-hailing services may have additional benefits.
Businesses like logistics companies, public transport operators, and ride-hailing services may have additional benefits.
Vehicle Type
Loans may be limited to specific vehicle types (e.g., cars, buses, or trucks compatible with CNG conversion).
Vehicle Age and Condition
Some lenders require that the vehicle be within a certain age range (e.g., not older than 5–10 years) and in good working condition.
Creditworthiness
Applicants must meet minimum credit score requirements or demonstrate a history of timely repayments for other loans.
Criteria for CNG Loan for Conversion
Documentation Requirements
Personal Documents (for individuals)
Valid ID (e.g., national ID, driver’s license, or passport).
Proof of residence (utility bill, lease agreement, etc.).
Recent passport-sized photographs.
BVN & NIN
Proof of residence (utility bill, lease agreement, etc.).
Recent passport-sized photographs.
BVN & NIN
Business Documents (for companies)
Business registration certificate and tax identification number (TIN).
Proof of business operations (e.g., invoices, contracts, fleet ownership documents).
Proof of business operations (e.g., invoices, contracts, fleet ownership documents).
Financial Documents
Bank statements (6–12 months).
Proof of income (e.g., payslips for individuals or audited accounts for businesses).
Proof of income (e.g., payslips for individuals or audited accounts for businesses).
Vehicle Documents
Vehicle registration certificate.
Insurance policy.
Proof of ownership.
Insurance policy.
Proof of ownership.
Request Loan
Access loans for vehicle conversions, making your transition to CNG affordable.
Access loan options with flexible payment plans, government-subsidized loans, and other financial aids tailored to your individual or business needs.
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