Banking Briefs
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SKYE Bank Plc is partnering with RT Briscoe by providing financing for the Ford brand of cars for people who may not have the bulk amount needed to purchase such cars. Under the partnership arrangement, the bank will avail existing and prospective customers of the bank wishing to buy Ford cars during the six-month promo period of RT Briscoe by providing 70 percent of the cost of such vehicles while the customer will contribute 30 percent of the cost.
The special arrangement was to complement RT Briscoe’s attractive incentives for aspiring car owners in commemoration of its 10th year anniversary as Ford auto dealers in Nigeria. According to a statement issued by the bank, the financing window would be available to Nigerians who earn a regular income, including business owners with viable and thriving businesses under its Skye Auto finance scheme. “All a prospective buyer needs do is make his or her choice from any RT Briscoe outlet and visit any Skye bank branch with the purchase invoice, 30 percent of the purchase price and evidence of income,” the bank explained.
It also said customers who purchase Ford vehicles during the promo period through the bank will enjoy some exclusive benefits like discounted vehicle prices, two percent interest rate discount on loans granted for vehicle acquisition, and a for-year free labour service on such cars. Other benefits include free car delivery on purchase, three-year warranty, eligibility to win another Ford vehicle in a raffle draw, among others.
Skye Bank has an auto loan scheme for its customers through which such customers can buy a wide range of vehicles after paying their equity contribution of 30 percent, leaving the bank to provide the balance of 70 percent. Through the scheme, many Nigerians have acquired new cars of various brands which would have been impossible for them to acquire.
— Sep 7, 2015 @ 01:00 GMT
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