Stanbic IBTC Bank has teamed up with Carloha, a leading automotive retail platform, to provide customers with special discounts on car purchases. The collaboration is part of efforts to enhance affordability and give clients access to quality vehicles through flexible financing options.
Under the partnership, customers who finance their car purchases through Stanbic IBTC Bank are eligible for exclusive discounts from Carloha, along with tailored loan packages designed to make vehicle ownership more accessible. The initiative aims to boost car sales while offering financial solutions that align with customers’ needs.
A representative from Stanbic IBTC Bank emphasized the bank’s commitment to creating value for its clients through strategic collaborations. “This partnership with Carloha is a testament to our dedication to providing innovative financial products that empower our customers and make their aspirations achievable,” the representative said.

Carloha’s CEO expressed enthusiasm for the partnership, noting that it offers a seamless pathway for Nigerians to own reliable vehicles. “Our goal is to make car ownership affordable for everyone, and this collaboration allows us to extend unmatched value to our customers,” the CEO stated.
Industry observers believe the partnership could drive increased car sales and contribute to the growth of Nigeria’s automotive sector. They highlighted the importance of such initiatives in addressing affordability challenges amid rising costs of goods and services.
This collaboration between Stanbic IBTC Bank and Carloha demonstrates the potential of financial and retail partnerships to create mutually beneficial solutions for businesses and consumers, while supporting broader economic activity in Nigeria.
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