Access Bank Targets 90% Vehicle Financing To Ease Ownership, Support Businesses

Access Bank has launched a vehicle asset financing programme offering Nigerians up to 90 per cent funding with only 10 per cent equity contribution to address affordability challenges.
Speaking at AutoFest, the vehicle financing initiative launched held in Lagos, the executive director, Corporate and Investment Banking Division at Access Bank, Iyabo Soji-Okusanya, said the programme is designed to address financing constraints that have limited vehicle ownership in the country.
According to her, customers can access financing covering up to 90 per cent of a vehicle’s value through a digital application process, with a minimum equity contribution of 10 per cent.
She noted that the pl...