CIG Motors, FCMB enhance automobile possession with N70m auto mortgage

CIG Motors has partnered with First Metropolis Monument Financial institution to supply versatile financing options that make automobile possession extra accessible for Nigerians.

In a press release on Tuesday, the agency famous that the collaboration launched an auto mortgage scheme that gives prospects with as much as N70m in loans to buy brand-new GAC Motor autos, with reimbursement phrases extending to 5 years.

In accordance with CIG Motors, the scheme consists of advantages, akin to free automobile registration, a complimentary service bundle for the primary yr, a N600,000 gas voucher, a five-year or 150,000km guarantee, and important equipment like fireplace extinguishers and foot mats.

The Government Director of CIG Motors, Jubril Arogundade, emphasised the transformative nature of the partnership.

“With this new collaboration, we’re turning prospects into realities. Extra Nigerians will now have entry to world-class mobility, and we’re excited to be a part of their journey in direction of automobile possession.

By combining CIG Motors’ automotive experience with FCMB’s robust monetary options, we’re empowering people and contributing to Nigeria’s financial progress,” he famous.

The agency added that on the Memorandum of Understanding signing ceremony on November 29, 2024, held in the course of the CIG Motors Grand Auto Truthful in Lagos, the Managing Director of FCMB, Yemisi Edun, highlighted the partnership’s significance in easing the automobile acquisition course of.

“This partnership permits prospects to fulfil their desires of car possession with ease, turning what is usually a fancy course of right into a easy and pleasing expertise,” she acknowledged.

Represented by FCMB’s Nationwide Head of Gross sales, Emmanuel Comla, Edun additional emphasised the financial institution’s dedication to empowering Nigerians.

“As a customer-centric establishment, we’re guaranteeing that first-time automobile patrons and companies trying to increase their fleets can now personal the automobile of their alternative, because of this collaboration,” she added.