ACCESS BANK MOVES TO EASE VEHICLE OWNERSHIP WITH INNOVATIVE FINANCING

Access Bank Plc has rolled out enhanced vehicle financing solutions to make car ownership more accessible to Nigerians amid rising transportation costs and economic pressures.

The bank’s new offerings feature competitive interest rates, flexible repayment tenors up to 60 months, and reduced documentation requirements for qualified customers. This initiative targets individuals, SMEs, and corporate clients seeking personal or commercial vehicles.

Speaking on the development, Access Bank’s Head of Retail Banking highlighted the scheme’s alignment with the bank’s commitment to improving quality of life and supporting economic mobility. Customers can now finance both new and fairly used vehicles from approved dealerships with quick approval processes.

The move comes as vehicle prices continue to climb due to foreign exchange volatility and import duties. Industry analysts view it as a timely intervention that could stimulate auto retail sales and the broader transportation sector.