Nigerians can acquire vehicles with 10% deposit under Access Bank financing initiative

Nigerians volition beryllium capable to get vehicles with arsenic small arsenic a 10 per cent deposit and person financing support nether a caller conveyance financing inaugural launched by Access Bank, which offers backing of up to 90 per cent of a vehicle’s worth and repayment tenures of much than 4 years.

Speaking astatine AutoFest, the conveyance financing inaugural launched successful Lagos connected Friday, Executive Director, Corporate and Investment Banking Division astatine Access Bank, Iyabo Soji-Okusanya, said the programme is designed to code financing constraints that person constricted conveyance ownership successful the country.

According to her, customers tin entree financing covering up to 90 per cent of a vehicle’s worth done a integer exertion process, with a minimum equity publication of 10 per cent. “You use online, and you spell location with the keys to your car already successful your pocket,” she said.

The level brings unneurotic conveyance manufacturers similar CIG Motors, Mikano Motors, Kewalram Motors, Stallion Motors, Elizade JAC, CFAO, different Mobility dealers, and financing providers, enabling customers to acquisition some caller and certified pre-owned vehicles done a azygous process.

For businesses, Soji-Okusanya said the inaugural would supply entree to vehicles needed for operations portion helping dealers amended inventory turnover and unlock superior tied down successful unsold stock.

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