Union Bank, CIG motors seal auto finance partnership

Union Bank of Nigeria has signed a commercial partnership agreement with Choice International Group (CIG) Motors Limited, a member of CIG Group of Companies, to provide auto financing services to the Bank’s customers.

The deal, signed at Union Bank’s head office in Marina, Lagos, will allow customers to purchase brand new GAC vehicles with as low as 0 per cent interest and N242,000 monthly instalment. In addition, subscribers to the Union Bank asset finance loan scheme will enjoy after-sales service and warranty during the tenor of the financing as well as access to other products from CIG Group at competitive prices.

Speaking at the official signing ceremony of the agreement, Managing Director/Chief Executive Officer of Union Bank, Mr. Mudassir Amray said:

“I am genuinely delighted to have a partnership with CIG Group who are inevitably a market leader in terms of providing quality products at affordable prices. We are determined to bring value to our clients through partnerships, be it health care, cross border business or transportation. We are convinced that with this agreement, our customers will be able to buy quality cars with easy payment terms, which will provide comfort and convenience to our customers.”

Also commenting on the partnership, Chairman of CIG Group, Chief Diana Chen urged potential car owners to take advantage of the partnership and purchase brand-new vehicles that will withstand the test of time.

This partnership is a culmination of Union Bank and CIG Group’s desire to collaborate and explore mutually beneficial business opportunities. This strategically aligns with the bank’s aim to examine various options to provide financial support and incentives for its customers.