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ACCESS BANK PLC

6.30

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23/9/2020

Installment &
Revolving Credit

Get the opportunity to purchase vehicles and other fixed assets to facilitate your business growth.

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Installment & Revolving Credit

Our Emerging Businesses Vehicle and Asset Financing will get your business on the road to expansion with the opportunity to purchase vehicles and other fixed assets to facilitate your business growth.

Requirements

  • Business customers with a minimum of 3 months banking relationship with the bank are eligible to apply.
  • Business must be duly registered with Corporate Affairs Commission.
  • Business must have been operational for at least one year.
  • Customer’s Debt Service Ratio must not be above 30%.
  • For revolving credit, customer must demonstrate a need for the facility and is expected to utilize facility once availed.

Benefits

  • Fixed asset finance up to 3 years
  • Competitive pricing and no hidden charges
  • Financial advisory services available
  • Customers can choose to pay back their loans before expiration without penalty

Features

  • Lending limit of up to N10m
  • Lending covers a wide variety of assets/equipment including vehicles, generators, computers and other office equipment
  • Up to 90days moratorium applicable where installation of financed equipment is required
  • Minimum contribution as low as 30%
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