Carloha, Stanbic IBTC partner to ease Chery car ownership

Carloha Nigeria, the authorised dealer and assembler of Chery vehicles in Nigeria, has partnered with Stanbic IBTC to provide car financing scheme aimed at making Chery vehicle ownership more affordable and accessible to qualified customers across the country.

The collaboration combines Stanbic IBTC’s vehicle finance expertise with Carloha’s innovative ownership benefits, creating a seamless pathway for Nigerians to own brand-new Chery vehicles with convenient repayment plans.

According to Carloha Nigeria, the partnership is built around the award-winning CarlohaCare-6-6-7 package, which offers customers six years of free scheduled service, a six-year warranty or up to 200,000 kilometres, whichever comes first; plus a seven-day repair promise.

Under the repair promise, customers are entitled to a courtesy vehicle if their vehicle is not repaired within seven days, demonstrating Carloha’s commitment to after-sales support.

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The company also stated that customers who purchase eligible Chery vehicles under the scheme will enjoy one year of free fuel support, subject to weekly allocation, further reducing the cost of ownership and reinforcing Carloha’s dedication to delivering value beyond the point of purchase.

Through the collaboration, Stanbic IBTC Bank will provide Vehicle and Asset Finance facilities at a lower interest rate to qualified customers, enabling them to spread the cost of vehicle acquisition over an agreed period of up to 48 months.

Sola Adigun, managing director, Carloha Nigeria, stated that the partnership marks a significant step in enhancing the vehicle ownership experience for Chery customers.

“This partnership will provide Nigerians with easier access to premium Chery vehicles through flexible financing solutions, complemented by aftersales support and the confidence that comes with the Chery brand,” Adigun said.

Olu Delano, executive director, personal & private banking, Stanbic IBTC Bank, also said that this partnership with Carloha Nigeria goes beyond vehicle financing, saying,

“It is about creating opportunities for more Nigerians to access reliable mobility solutions.

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“Together, we are enhancing the customer experience through convenience, transparency, and flexible financing options while contributing to the growth and development of Nigeria’s automotive sector,” Delano said.

Felix Mahan, general manager, marketing at Carloha Nigeria, said customers are not only gaining access to flexible vehicle financing from Stanbic IBTC but are also enjoying the exceptional benefits of CarlohaCare 6-6-7.

“Together with Stanbic IBTC, we are making vehicle ownership more accessible, affordable, and rewarding for Nigerians,” Mahan said.

According to the company, the partnership is expected to run till June 2027 and will offer customers flexible financing options, comprehensive after-sales support, and enhanced ownership benefits.

“Prospective buyers can visit any Carloha showroom nationwide or contact Stanbic IBTC Bank for information on eligibility requirements and financing options available under the scheme,” the company stated.