Access Bank partners PAN Nigeria Limited on vehicle acquisition finance scheme

One of Nigeria’s biggest banks by asset and capital,  Access Bank plc, has collaborated with PAN Nigeria Limited, a leading local distributor and automobile manufacturer  of the Peugeot brand, for easy and affordable vehicle purchase financing.

Access

The partnership allows prospective and existing customers to own any brand of Peugeot car and pay within the space of four years at a discounted interest rate.

Victor Etuokwu, Executive Director of Personal Banking at Access Bank, said the partnership is in support of the Federal Government auto policy and a reflection of Access bank’s culture of supporting economic development.

He said the scheme provides opportunity for people who do not have resources to buy a car, to own one at ease. He added that leasing and vehicle finance has become critical in an attempt to drive economic development.

“This is the first step in the advancement of economy. Customers of Access bank no longer have to dream of owning a car but can acquire one within three days of meeting the requirements”, Etuokwu said at the official launch of the scheme in Lagos.

“They can walk into a Peugeot car dealer, make their choices , come back to Access back for necessary documentations and walk away with their Peugeot brand”, he added.

Etuokwu said banks provide finance with people with proven income stream, adding that with Bank Verification Number (BVN), it is easier for banks to lend.

Speaking at the signing ceremony, Ibrahim Boyi, PAN Nigeria Limited, described Access bank as a great bank, extremely innovative and great reach, reaching customer including women.

He said Peugeot brand is rugged, comfortable and safe. According to him Peugeot brand of vehicles are competitively priced in the market, have high fuel efficiency, and excellent after sales or services.

Boyi acknowledged that the nation’s automotive policy has rekindled new interest by automobile companies to invest in Nigeria. He therefore called on the Federal Government and relevant agencies to remain resolute to full implementation of the policy to preserve its benefit.