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Access Bank unveils scheme for vehicle purchase with 10% deposit

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Access Bank has launched a vehicle financing initiative that will allow Nigerians to buy vehicles with as little as a 10 per cent deposit, while the bank finances up to 90 per cent of the vehicle’s value.

The initiative is part of its vehicle asset financing programme aimed at expanding vehicle ownership and mobility services across Nigeria.

Speaking at the launch of AutoFest in Lagos yesterday, Executive Director, Corporate and Investment Banking Division, Access Bank, Iyabo Soji-Okusanya, said the programme was created to tackle the financing challenges that have limited vehicle ownership in the country.