What is Vehicle Finance on QuickBucks?
Vehicle Finance on QuickBucks is a digital loan product, which allows customers purchase vehicles under a contract arrangement.
Who is eligible for Vehicle Finance on QuickBucks?
Vehicle Finance on QuickBucks is targeted at salary earners and business owners with verifiable sources of income who meet the Bank’s Risk Acceptance Criteria (RAC).
How can I access and request for Vehicle Finance on QuickBucks?
• Visit the Access Bank website or QuickBucks platform.
• Select ‘Vehicle Finance’ to get started.
How does Vehicle Finance on QuickBucks work?
• Register on QuickBucks.
• Provide documentation to make a Vehicle Finance request.
•The documentation and pre-qualification review will take 24 hours.
• Once pre-qualified, select a vehicle of your choice.
• Follow the step-by-step guide to request for your digital loan.
What is the tenor of Vehicle Finance?
From 24-months to 48-months.
Do I need an additional collateral to apply for Vehicle Finance?
Apart from the vehicle, which also serves as a collateral, no additional collateral is required.
What kind of vehicles can I get?
There are a variety of pre-owned and new vehicles available under the scheme.
Is there a maximum amount for the Vehicle Finance loan I can get?
Maximum loan amount is ₦50million, subject to the customers’ ability to repay.
What is the interest rate for Vehicle Finance?
29% per annum.
Is Vehicle Finance on QuickBucks available for only brand-new vehicles? Are pre-owned vehicles available under this scheme?
Yes, we finance both brand new and pre-owned vehicles.
Are vehicles under the scheme covered by insurance?
Yes, a comprehensive insurance premium for the vehicle will be included in the loan package.
Am I required to inspect the vehicle?
Inspection is compulsory for pre-owned vehicles and optional for brand new vehicles.
How long does it take to get a vehicle?
Your vehicle will be ready for collection/pick up, 72-hours after your digital loan has been successfully booked.
Where do I pick up the vehicle from?
You can pick up your vehicle from any participating dealerships/vendors across the country. During the request process, you will be asked to select your preferred pick-up location from a list of participating dealerships/vendors.
How do I know my monthly repayment amount?
The monthly repayment is calculated based on your selected vehicle, tenor and equity contribution. This will also be displayed during the request process before you confirm your order and via email after you pick up your vehicle.
I have an outstanding/active loan, can I still access Vehicle Finance on QuickBucks?
If you have existing loans, the total amount of your current loans will be considered when calculating your eligible amount.
Can I pre-liquidate my Vehicle Finance loan?
The scheme allows you to pay up to 48-months. However, customers are at liberty to pay off their loan at their convenience by logging in to QuickBucks.
Still have questions?
For more information, unresolved and/or eligibility issues, please contact the Access Bank Contact Center on 07003000000 or visit your nearest Access Bank branch for assistance.