This is a consumer credit scheme which allows qualified individuals to part-finance acquisition of cars for personal use. Customers can own a car and pay over a period of time.

FCMB AUTO LOAN ALLIANCE

Get Your Dream Tokunbo Car NOW with FCMB Auto-Loan!

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Features

  • Auto-loan amount: Up to ₦30 million
  • Interest Rate: As low as 20% per annum
  • Equity Contribution: As low as 30%
  • Loan repayment tenure: up to 36 months

Benefits

  • Easily find your dream car brands
  • View car images from different angles
  • Compare prices, mileage, and features
  • Estimate repayments using the online calculator
  • Thorough vehicle inspection to ascertain condition

Please click here to apply NOW!

STANDARD AUTO LOAN

It enables customer purchase vehicles from auto dealers who have been prequalified and have agreed an SLA with the bank

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Features

  • Borrow N500,000.00 to N30,000,000.00 
  • Payment over 12 to 60 months
  • Contribute as low as 20% towards the purchase
  • Comprehensive Insurance on the car for the entire loan period
  • No security required
  • Competitive pricing and no hidden charges

Benefits

  • Installation of free tracking device for auto valued at N3, 000,000 and above
  • Buy a car of your choice from our list of acceptable brands and spread payment over a convenient period
  • We have reliable dealers accredited to ensure you buy from a safe source
  • Convenient insurance payment included in the loan repayment amount
  • No residual cost at end of loan

Eligibility

  • Individuals in structured employment
  • Self-employed individuals with regular income.