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General Information - FCMB-GAC Motors Promo

What is the FCMB-GAC Motors promo about?

This is an auto finance scheme which provides our esteemed customers the opportunity to bring to life their dream of owning a brand-new vehicle of their choice from any selected model of the GAC vehicle brand and spread repayments conveniently for up to 60 months.

What is the loan amount?

Loan limit of up to N70 million.

How long is the loan tenor?

Loan tenor is up to 60 months.

Who can enjoy this promo?

  • Salaried customers
  • Self-employed customers with verifiable means of income

What is the equity contribution?

  • Salary earners: Minimum of 20%
  • Self-employed: Minimum of 30%

What is the loan interest rate?

38.5% (subject to money market indices).

How will I make repayment?

Repayment is on an equal monthly installment basis from the customer’s salary or business account.

Do I need any collateral for this loan?

Yes, the vehicle financed will be registered with FCMB for the period of the loan, and the title will be transferred to the customer upon full loan repayment.

Are there additional benefits in this promo?

  • 5 Years or 150,000km Warranty
  • FREE N600,000.00 fuel voucher
  • FREE vehicle registration
  • First year FREE service
  • FREE first check and service
  • FREE accessories (e.g., fire extinguisher and foot mat)

How do I see the vehicles from this brand?

The vehicles are available here.

How do I apply for this loan?

You can apply here.

How do I reach out to a representative of GAC Motors?

Contact:

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