Stanbic IBTC Bank, the flagship subsidiary of Stanbic IBTC Holdings, has announced a strategic partnership with Carloha, an auto showroom specialising in the retail sale and after-service of the Chery brand of vehicles.

The official agreement is set to provide exceptional value to customers looking to purchase quality vehicles.

With the partnership, Carloha provides an exclusive six per cent discount on all Chery vehicle purchases and an additional four per cent discount on Tiggo 2 and Arrizo 5 between 1 December 2024 and 28 February 2025. This promotional offer allows customers to finance their new vehicle purchases through Stanbic IBTC’s Vehicle and Asset Finance (VAF), providing flexible and convenient payment options.

Head Products, Personal and Private Banking, Stanbic IBTC Bank, Taiwo Ala, expressed enthusiasm about the partnership, stating: “This collaboration strengthens our commitment to offering unique opportunities that cater to the diverse financial needs of our customers. We are dedicated to enhancing the car-buying experience by providing tailored financial solutions that simplify the process. We believe this initiative will greatly benefit individuals searching for a trusted and stylish vehicle, empowering them to make informed investment decisions while benefiting from our banking services.”

During the event, the Sales Director of Carloha Nigeria, Joseph Omokhapue, emphasised the significance of the partnership, saying: “By partnering closely with Stanbic IBTC Bank, we can provide our customers with a unique financing solution that improves both the accessibility and affordability of quality automobiles. Our steadfast commitment to customer satisfaction guides every aspect of our services.”