Stanbic IBTC Bank and Carloha Join Forces to Offer Exclusive Discounts on Chery Vehicles

Stanbic IBTC Bank, a part of Stanbic IBTC Holdings, has formed a strategic alliance with Carloha, an esteemed auto showroom known for its retail and after-sales service of Chery vehicles. The official agreement was signed on Wednesday, 18 December 2024, marking a significant milestone for both companies. This collaboration is designed to offer exceptional value to customers interested in purchasing high-quality vehicles.

Through this partnership, Carloha is offering a six per cent discount on all Chery vehicle purchases and an additional four per cent discount on Tiggo 2 and Arrizo 5 models between Sunday, 01 December 2024, and Friday, 28 February 2025. Customers can finance their new vehicle purchases through Stanbic IBTC’s Vehicle and Asset Finance (VAF), which provides flexible and convenient payment options.

Head of Products for Personal and Private Banking at 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.”

Carloha Nigeria has built a strong reputation for its comprehensive online and offline services, focusing on selling high-quality vehicles. By leveraging cutting-edge technology, Carloha guarantees a seamless experience for customers seeking reliable automotive options. The company’s commitment to excellence is backed by ongoing training, research, and development, reinforcing its dedication to superior service delivery.

At the signing event, Joseph Omokhapue, Sales Director of Carloha Nigeria, highlighted 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.”