Stanbic IBTC Partners Globe Motors To Ease Vehicle Acquisition

Stanbic IBTC Bank in partnership with Globe Motors and Hyundai, has announced a new initiative aimed at easing vehicle ownership.

The partnership according to Stanbic IBTC Bank, will enable salaried customers, self-employed and corporate organisations who have accounts with the bank to buy vehicles form Globe Motors and pay over a period of 60 months. Alternatively, Non-Stanbic IBTC customers, who are salaried, can also benefit from this initiative by transferring their salary accounts to Stanbic IBTC Bank.

Speaking at the unveiling of the new scheme, Managing Director of Globe Motors, Victor Oguamalam, who led a team of Globe Motors officials and senior managers of Stanbic IBTC Bank said the finance scheme was put together to make brand new vehicle ownership easy for customers, especially considering the current harsh economic situation.

Oguamalam said, “We believe the collaboration of Globe Motors, providing quality products and services, Hyundai Manufacturing, producing highly acceptable vehicles, and Stanbic IBTC, the leading auto finance provider on Nigeria, will be a success as the customer is the ultimate beneficiary.”

He added that the campaign which is for an initial three months period, covers all models of Hyundai vehicles such as Hyundai Passenger, Commercial and Sports Utility Vehicles (SUV) including Accent, Elantra, Sonata and Santa Fe.

Executive Director, Personal and Business Banking, Stanbic IBTC Bank, Babatunde Macaulay, said the Partnership is underpinned by the growing need to lessen the financial burden of car acquisition for Nigerians. He noted that conveniences and accessibility to financial services is important to Stanbic IBTC and assured that the bank would continue to review and identify opportunities to make customers’ lives easier.

He stated, “This partnership is another bold move by Stanbic IBTC Bank towards aligning our products and services with evolving customer needs and lifestyles.”

Mohan Wasnani, General Manager of Globe Motors, in charge of Hyundai Brand, added that Globe Motors goes further to offer its customers warranty of three years or 100,000 kilometres for all models as well as three free after- sales services for all models.