By Kayode Tokede
Access Bank has launched a service called ‘Auto-club by Access’ as a one-stop shop designed to cater to automobile needs of Nigerians by providing auto services.
In a statement titled ‘Auto-Club by Access helps customers drive the cars of their dreams’, it stated that the services ranged from vehicle purchase, maintenance, usage to disposal and so much more at affordable pricing.
The bank stated, “The service offers vehicle finance for brand new cars such as SUVs, sedans, buses, and vans and for pre-owned cars (popularly called tokunbo cars) from specific approved dealers that have been certified to be in excellent condition.
“Auto-club by Access also offers equity release which is offered to customers to enable them refinance vehicles purchased from approved partners/ dealers.”
It added that Auto-club by Access has a loan tenor of up to four years with interest rates as low as 15 per cent, depending on the finance variant chosen.
The service is available to salaried customers and business owners with verifiable sources of income as well as businesses and corporate, it stated.
Speaking at the unveil, the Executive Director, Retail Banking Division, Mr Victor Etuokwu, said, “We understand that in Nigeria, owning a car is not a luxury but a necessity and an important part of our role as a bank is to make our customers lives easier to access more.
“For our customers who wish to take advantage of this service, all they have to do is fill an interest form on the Access Bank website or walk into any of our branches across the country and request for vehicle finance or contact your account officer.
“Some of the benefits of Auto-club by Access includes a partnership with Coronation Insurance, a leading insurance firm which ensures that customers enjoy comprehensive motor insurance at a specially discounted rate as well as other discounts from chain of partners in the auto ecosystem designed to give customers that great experience.”