CIG Motors and First City Monument Bank (FCMB) have joined forces to make vehicle ownership more accessible for individuals and businesses through affordable and flexible financing solutions.
Under the partnership, customers can acquire brand-new GAC Motor vehicles through FCMB auto loans of up to N70 million, with repayment periods of up to five years. The initiative also offers exclusive benefits, including free vehicle registration, a free first-year service package, a N600,000 fuel voucher, a five-year or 150,000-kilometer warranty, and complimentary accessories such as foot mats and fire extinguishers.
Speaking during the signing of a Memorandum of Understanding (MoU) at the CIG Motors Grand Auto Fair in Lagos on November 29, 2024, FCMB Managing Director, Mrs. Yemisi Edun, emphasized the partnership’s goal of fostering economic growth and enabling Nigerians to fulfill their car ownership aspirations. Represented by Mr. Emmanuel Comla, FCMB’s National Head of Sales, Edun reaffirmed the bank’s commitment to providing customers with seamless financial solutions.
The auto loan program is open to salaried individuals, independent contractors, and businesses seeking to expand their vehicle fleets. It allows eligible applicants to finance car purchases conveniently and spread repayments over time.
With FCMB’s financial expertise and CIG Motors’ leadership in Nigeria’s auto industry, this collaboration aims to promote vehicle ownership while contributing to the country’s economic development.
