Are you an Access Bank customer looking to buy a new vehicle and don’t know where to begin. Well we are about to introduce you to a credit or loan facility from Access bank that makes it very easy for its customers especially those with salary account to get loan and buy their dream car.
What Is Access Bank Vehicle Loan/Vehicle Finance
The Access Bank Vehicle Loan is aimed at Access bank customers who want to buy new vehicle. It is a very nice platform for Access Bank customers to acquire new vehicles in a financially convenient manner.
FEATURES AND BENEFITS OF ACCESS BANK VEHICLE LOAN
- Open to salaried income persons, SMEs and Corporates.
- Equity contribution as low as 10% of invoice value.
- It has good Competitive interest rate.
- Up to 48 months tenor(approximately four years).
- Wide variety of vendors to choose from.
WHO CAN APPLY FOR ACCESS BANK VEHICLE LOAN
1. Persons 25 years and above, a government worker or a worker with a well recognize private company.
2. Persons whose salaries must have been paid through Access bank for at least 3 months.
3. Access bank account holders.
4. Persons with valid means of identification(e.g International passport, voters card, drivers license etc).
GENERAL REQUIREMENTS TO APPLYING FOR THE LOAN OFFER
- Completed Vehicle Lease Application Form.
- Pro forma invoice from any of the Bank’s approved vendors.
- Credit Checks.
- Blank transfer of ownership Form.
Additional Requirements for Salaried Income Persons
- Letter of introduction.
- Employee Status Inquiry/Employer Confirmation & Undertaking.
- Recent six (6) months pay slip/salary bank statement.
Additional Requirements SMEs and Corporates
- The Company recently Updated profile.
- Recent management/audited accounts.
- Bank statement(If you have more than one bank account please submit all bank account statement).
- Personal Guarantee of a Director of the company supported by notarized statement of net worth.
- Board resolution (applicable to corporates only).
How To Apply For This Type Of Access Bank Loan
- Through the access bank website. Read This Post for a step by step guide on how to apply for access bank loan online.
- Visit any of the Access Bank branch close to you. Request for the personal loan form, fill and submit for processing.
Mntrends have put together simple loan calculators to help you better understand your loan. CLICK HERE to use the general loan calculator. If you would like to use Mntrends Auto loan calculator then CLICK HERE. For the Mortgage Loan calculator CLICK HERE to use the simple calculator.
Aside from the general requirement, for persons receiving salary and for SMEs and Corporate bodies there is additional requirement. CLICK HERE to start the Access bank vehicle loan application. Fill the details and provide the documents above at the branch.