Features

• Open to salaried income persons, SMEs and Corporates
• Equity contribution as low as 10% of invoice value
• Interest rate as low as 17% p.a.
• Management fee @ 1% (one-off)
• Up to 48 months tenor
• Wide variety of vendors to choose from

General Requirements

• Completed application form
• Pro forma invoice from any of the Bank’s approved vendors addressed “Access Bank/Customer’s name”
• Credit Checks
• Blank transfer of ownership Form
• Vehicle Inspection report & agreement (Pre-owned vehicles only)
• Duly accepted offer letter & term sheet

Additional requirements for Salaried income persons

• Copy of Staff ID 

Requirements for Business Enterprises

• One (1) year bank statements (other banks)
• Simple Resolution
• Certificate of business registration & Form of application of registration of business name

Additional Document for Business Enterprises

• One (1) year bank statements (other banks)
• Simple Resolution
• Certificate of business registration & Form of application of registration of business name

Additional Document for Incorporated Companies

• Board Resolution
• CAC documents (CAC 2, CAC 7, Certificate of Incorporation)
• Personal guarantee and notarised statement of net worth of a director