FCMB offers N30m car loan to simplify vehicle ownership – The Sun Nigeria

To Encouraging and simplifying the ownership of vehicles for personal use by millions of Nigerians, the First City Monument Bank (FCMB) is now offering car loans of up to N30 million at a reduced interest rate. The FCMB car loan supports the acquisition of new and used vehicles (commonly referred to as “Tokunbo”), with N500,000 as the minimum loan amount a customer can access for a repayment term of up to 5 year.

This confirms FCMB’s commitment to improving the social well-being of individuals and improving access to credit for a higher standard of living for families.

Commenting on the unique value proposition, the Bank’s Division Head, Personal Banking, Mr. Shamsideen Fashola said, “Owning a vehicle is one of the most exciting times in a person’s life. However, many people struggle to save for a long time to realize this dream. To bridge this gap, we’ve created a value proposition that’s flexible, convenient, and empowering individuals, families, and businesses to realize their dream of owning a vehicle. Nigerians can now finance their dream vehicle with a car loan from FCMB at a reduced interest rate with monthly or annual payment options depending on their income. We therefore urge the public, including but not limited to employees, to take advantage of this opportunity to realize their dream of owning a vehicle”.

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