The Access Bank Vehicle Loan is aimed at Access bank customers who want to buy new vehicle. It is A veritable platform for 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).
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.