Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has entered a strategic partnership with Carloha, a leading auto showroom, to provide customers with exclusive discounts and flexible financing options for vehicle purchases.
The collaboration, described as a significant milestone by both organizations, is set to deliver exceptional value to customers seeking quality automobiles. Carloha specializes in the retail and after-sales service of the Chery brand, offering a range of stylish and reliable vehicles.
As part of the partnership, customers can finance their new car purchases through Stanbic IBTC’s Vehicle and Asset Finance (VAF) product, which provides convenient payment options tailored to individual needs.
Taiwo Ala, Head of Products, Personal and Private Banking at Stanbic IBTC Bank, highlighted the benefits of the partnership. “This collaboration underscores our commitment to meeting the diverse financial needs of our customers. By enhancing the car-buying experience with tailored financial solutions, we empower individuals to make informed decisions while enjoying the convenience of our banking services,” Ala stated.
The Sales Director of Carloha Nigeria, Mr. Joseph Omokhapue, expressed optimism about the partnership’s potential. “Our collaboration with Stanbic IBTC Bank enables us to provide unique financing solutions that improve the accessibility and affordability of high-quality automobiles. This partnership reflects our unwavering dedication to customer satisfaction,” Omokhapue noted during the agreement signing.
This development follows Stanbic IBTC Bank’s recent partnership with CIG Motors, aimed at simplifying vehicle ownership for customers. The agreement, signed at the GAC G-Style showroom, offers a 10% discount on all vehicles purchased within a 12-month period and a flexible repayment structure.
Under the CIG Motors partnership, customers also benefit from a five-year warranty on GAC vehicle models and additional incentives when purchasing through Stanbic IBTC’s VAF product.
These strategic collaborations demonstrate Stanbic IBTC Bank’s commitment to providing innovative financial solutions that enhance customer experiences and simplify ownership of quality assets.
