SunTrust Bank’s Women On Wheels (WOW) is an asset finance product targeted at Female commercial car owners from the age of 18-55yrs. It is meant to support these women to own their fleet of commercials vehicles. The idea came as the SME banking group was looking for creative ways to ease lending to women.
All required to access this facility is to be a licensed female driver, registered with Uber and or Bolt, and a proforma invoice of any car of your choice not older than Uber or Bolt requires. We hope to take this further by partnering with Auto dealers for brand new cars soon.
A total of 100 cars Will be launched for the month of April in Lagos, then we move to Abuja and Port Harcourt, respectively. These women will make daily deposits into their accounts so the repayment at the end of the month will be very easy. The asset is for 24months and at a very low interest rate.
“WOW” is basically designed for women who are into transport business such as Uber, Bolt, etc. Ownership/Insurance will be in the name of the Bank until the final rental to the Bank is paid by the customer.
Contact: 09082666697; 09083666697
Email: [email protected]