CIG and Polaris Bank sign memorandum of understanding on auto financing

From left to right: Polaris Bank Group Head, Corporate Banking, Mr. Uba Anichebe, Group Head, Products and Market Development, Ms. Adebimpe Ihekuna, Executive Director, Mr. Segun Opeke, Chairman of CIG Motors, Chief Diana Chen, Chief Finance Officer , CIG, Ramanathan Murugesan and Managing Director, Sales, CIG Motors, Mr. Jibril Arogundade shortly after signing a Memorandum of Understanding on “Easy Buy” Vehicle Finance Scheme in Lagos recently.
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March 26 (THEWILL) — CIG Motors, exclusive distributor of the GAC brand and Polaris Bank, has signed a memorandum of understanding to make vehicle acquisition and ownership affordable for Nigerians through the ‘Easy Buy’ program .

The Bank and the automaker signed the agreement on Friday, at a joint press conference in Lagos, with enhanced incentives that will provide customers and prospects with the opportunity to acquire new vehicles at affordable prices.

CIG President, Chief Diana Chen advised potential auto customers to seize the opportunity of the program and acquire new cars that can stand the test of time.

According to her, the scheme is being launched because “we want more and more people to buy new cars in Nigeria and this will benefit the owners, the industry and the country.”

The Executive Director of Polaris Bank, Lagos Business, Mr. Segun Opeke, who signed the Memorandum of Understanding for the “Easy Buy” program between Polaris Bank and CIG Motors, expressed his delight with the partnership between the Bank and the giants of automotive, which he says will be acquiring an all-new vehicle. and transparent ownership for Nigerians.

“We appreciate the leadership of CIG Motors on this partnership as we reaffirm that Polaris Bank Easy Buy Scheme offers the most valuable and transparent automotive financing opportunity for those who want to acquire and own new cars effortlessly,” said enthused Mr. Opeke.

Giving details of the auto finance scheme, Ms. Adebimpe Ihekuna, Head of Product and Market Development at Polaris Bank, said, “The Easy Buy program is a seamless scheme for willing customers – individuals and SMEs. Thanks to our technological capacity, the processing time is fast, less than 24 hours.

Ms. Ihekuna further noted that the “Easy Buy” program aims to provide Polaris Bank customers with the opportunity to obtain low interest bank credit for the purchase of a range of GAC vehicles from CIG Motors at very reduced price. “Now you can go to any Polaris Bank branch to apply for credit to buy the GAC cars of your choice and then pay easily,” she said.

For his part, CIG Motors General Sales Manager, Mr. Jibril Arogundade, said, “Partnering with Polaris Bank is in line with our strategy and direction of making vehicle acquisition a seamless experience for customers. Nigerians and basically helping potential customers to buy new vehicles.

“The Polaris Bank/CIG Motors partnership is intended to make vehicle acquisition easier and help customers take advantage of the offer. What we’re simply doing is helping potential buyers take the burden out of finding one-shot funds to buy a new car,” he added.

The two establishments brokered the deal in Lagos to alleviate the challenges associated with obtaining low-interest bank credit to acquire premium cars. The two organizations explained that the “Easy Buy” program has a convenient monthly repayment term of up to 60 months.

While also adding that there is a 0% interest freeze between 6 and 12 months on GAC Motors models which will apply from the date of disbursement of funds from the “Easy Buy” program, which customers would benefit from. plus free full insurance for the first year. , free vehicle registration and a five-year warranty, among other enticing perks.

The “Easy Buy” automatic program offer is applicable to GAC models which includes; GA4, GS3, GN8, GS4 and GS8 models are available at all authorized CIG Motors dealers nationwide.

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