Business FCMB, Dana Motors Unveil Auto Loan Scheme for Nigerians

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LequteMan

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First City Monument Bank has announced an alliance with Dana Motors Limited to help Nigerians own brand new cars at affordable prices, Punch reports.

Speaking in Abuja during the launch of the loan scheme, Executive Director, Abuja/Northern Region, FCMB, Mr. Adam Nuru, said the scheme will enable the bank to provide more consumer loans to its customers over the next few months.

For instance, he said currently, the consumer loan portfolio in the region stood at about N1.5bn, adding that before the end of this year, the target would be to provide at least N1.8bn for the acquisition of 1,000 Kia vehicles.

He said, “This event is borne out of an alliance between FCMB and Dana Motors Limited with the initiative to offer unique consumer products to the market.

“With the auto loan alliance, qualified customers will be able to own brand new Kia for as low as N47,400 monthly repayment plans.”

#Dana #FCMB #Nigeria

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