Dana Motors, FCMB Launch An Exciting Auto Loan Scheme

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Great news for Nigerians who have always desired to own a brand new car. For many Nigeria this is really what they’ve longed for, the day they would actually visit an auto dealer shop and drive a brand new car home at an affordable rate. Tokumbo cars have been the most affordable means of owning a car here in naija for years now, and if you are able to buy a ‘clean’ tokumbo car, people would even respect you for that, why? because it is not easy putting money together to buy that thanks to the economy. This is why the auto loan sceme put together by FCMB and Dana motors is really excited and a dream come true for most Nigerians. Thanks to First City Monument Bank Limited (FCMB) and Dana Motors Limited who have launched an auto alliance scheme.


Under the scheme, qualified customers would be able to own a brand new KIA for a low as N47, 400 monthly repayment plan.


The Executive Director, Lagos and South West, FCMB, Mr. Olufemi Bakre explained at an event in Lagos yesterday that the partnership was borne out of an alliance between the two institutions.

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He said: “FCMB has been a well acclaimed industry leader in consumer loan offering. Today’s package is a viable alliance aimed at furthering the frontiers of delivering an exceptional customer experience.”


Apart from the flexible repayment, he said, the scheme offers many more benefits inclusive of insurance, free registration, five years warranty, among others.

“Today, our guests and customers are presented with unique consumer offering and how they can benefit from it.
“The Auto loan is another way of identifying with customer aspirations and delivering on our brand promise to our customers
“Throughout the period of this offer, our customers who will sign on the scheme will not have to worry about releasing bulk cash to acquire a brand new vehicle, meaning that they will be able meet other needs at the same time,” he added.

This is great news and a timely one for hard working Nigerians who can now realize their long awaited dream of being proud owners of brand new cars.