This post was originally published on this site.
Access Bank launched AutoFest, a vehicle financing scheme covering up to 90% of the cost of new and pre-owned carsCustomers need only a 10% equity contribution, with repayment tenures extending beyond four years and a digital application processAccess Bank’s Group Head of Mobility revealed that Nigeria sells about 100,000 vehicles annually, with only 10% being brand-new cars
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Access Bank Plc has unveiled AutoFest, a vehicle financing programme designed to make car ownership more attainable for Nigerians battling rising vehicle prices and tightening economic conditions.
The initiative, launched at an event in Lagos, allows eligible customers to access up to 90 per cent funding for both new and certified pre-owned vehicles, with a minimum equity contribution of just 10%.
Popular Bank Launches Scheme to Make Car Ownership Easier in 2026 as Vehicle Prices Soar in NigeriaSource: Getty
