Stanbic IBTC, Autochek facilitate N4bn car loans in 6 months

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Stanbic IBTC Bank said it has partnered with Autochek, an innovative automotive technology firm, to facilitate access to car ownership in Nigeria.


This collaboration according to the bank has led to the disbursement of over N4 billion in loans since its inception in August 2024, empowering numerous individuals to purchase their desired vehicles.


This vehicle-financing collaboration combines Stanbic IBTC Bank’s extensive financial expertise and network with Autochek’s cutting-edge technology platform and robust dealer distribution network; streamlining the car-buying process and making it more accessible and affordable for Nigerians.

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