Financial inclusion: Access Bank introduces loan for smartphone purchase

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Financial inclusion: Access Bank introduces loan for smartphone purchase

Orwafun Keishora

Access Bank has introduced a funding scheme for telephone procurement so that more Nigerians can connect to more business online and deepen financial inclusion.

Retail banking executive director Victor Etuokwu said in a Lagos statement Wednesday that the loan would allow Nigerians to use credits under the device finance scheme.

Nigeria News Agency (NAN) reports that the device finance scheme is designed to provide salaried customers with the opportunity to purchase a selected smartphone and pay over a 12 month period.

“Accessbank is taking the initiative in digitizing financing in Nigeria and wants all customers to benefit from the modern connected lifestyle.

“Through innovative and innovative credit schemes such as device finance, more Nigerians can do more business online and enjoy their chosen social lifestyle,” he said.

According to Etuokwu, the loan scheme currently includes smartphone devices with prices ranging from N12,500 to N325,000, and has spread over a 12 month repayment period at competitive prices. (NAN)


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