Access Bank Plc and Stanbic IBTC Plc has signed a memorandum of understanding (MoU) with Coscharis Motors at the weekend to provide affordable, easy and convenient vehicles purchase finance for Nigerians.
- The scheme allows a customer to walk into any Coscharis showroom nationwide, select any car or vehicle of choice, make a minimum down payment of 10 per cent to any of the partnering banks and spread the balance for up to 48 months.
- Speaking at the signing ceremony, the executive director, Personal and Business Banking, Stanbic IBTC, Obinnia Abajue, said, “It gives us great pleasure to partner with Coscharis and with our colleagues to support this project.
- On his own part, the executive director, Personal Banking, Access Bank, Victor Etuokwu, said the bank strives to be associated with brands that are known for quality and credibility “and therefore being a part of this scheme is something that it is very proud of. According to him the bank’s interest is to empower Nigerians economically, to help them to live their dreams.
- Coscharis has thrown in additional discount that will ensure that all rates to customers will be 16.5 per cent. This deal, apart from being being new, offers a lot value to customers. We decided to make it possible for customers to pay a monthly installment over a tenure of up to four years with equity contribution as low as 10 per cent.”
- Press Source
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