• Monday, May 27, 2024
businessday logo


FCMB, Dana Motors partner on automobile loan for customers


Committed to create conducive economic atmosphere and good life for its customers across the country, First City Monuement Bank (FCMB) is partnering Dana Motors Limited, the sole distributor of Kia brand of vehicles in Nigeria, on customers’ ownership automobile financing under FCMB/DANA Motors Auto Alliance Programme.

Under Auto Alliance Programme, FCMB rolled out nine brands of Kia vehicles, namely, Picanto, Rio, Cerato, Optima, Sportage, Soul, Sorento, Mohave and Cadenza for interested customers to benefit at 20 percent down payment, inclusive of free vehicle registration, five-year warranty, free insurance premium, FCMB goody bag, among others.

Speaking at the FCMB/DANA Motors Auto Alliance Programme held in Lagos, recently, Olu Akanmu, head, FCMB retail banking, said the financial institution “is committed to do anything that will make our customers live a good life as long as they (customers) operate a stable Salary Account with us.”

FCMB has taken the bull by the horns by identifying with low-income earners in the country through its partnership with Dana Motors on Auto Alliance Project, Akanmu said, saying a customer can pay as low as N47,400 monthly to own and drive Kia Picanto and pay as high as N170,805 for Kia Cadenza after the down payment of 20 percent.

Also speaking, Omowunmi Kalejaiye, FCMB zonal head, Victoria Island zone, submitted that FCMB partnered Dana Motors for Auto Alliance because of Kia brand vehicles affordability and durability, having considered low-income earners in the country.

But, Amarjeet Singh, general manager, sales, Dana Motors Limited, said Kia vehicles were in popular demand in the country and a subscription to the FCMB Automobile financing would be a right move, saying: “we are really encouraged by this promo and we are looking forward to a better with FCMB and its customers.”