CIG Motors, Polaris Bank Seal Auto Finance Partnership  


By Moses Ebosele,    

Photo Caption:R-L: General Manager, CIG Motors, Jubril Arogundade, Chief Finance Officer, CIG Motors, Ramanathan Murugesan, Chairman of CIG Motors, Chief Diana Chen, Executive Director of Polaris Bank, Mr. Segun Opeke, Polaris Bank’s Group Head, Products and Market Development, Mrs. Adebimpe Ihekuna and Uba Anichebe also of Polaris Bank after signing of Auto Financing partnership in Lagos on Friday. 

Representative of GAC brand in Nigeria, CIG Motors has sealed partnership with Polaris Bank as part of measures to make vehicle acquisition and ownership affordable to Nigerians. 

 Speaking at a joint press conference in Lagos, CIG Motors Chairman,  Chief Diana Chen explained that the deal titled  ‘Easy Buy’ Scheme is open to all Nigerians across the country.  

 Chief Diana Chen advised Nigerians to seize the opportunity of the scheme and acquire brand new automobiles from the stable of CIG Motors. 

 According to Chief Diana Chen, the scheme is launched because “we want more and more people to buy new cars in Nigeria and this will benefit the owners, the industry and the country “. 


Polaris Bank’s Executive Director, Lagos Business, Mr. Segun Opeke who signed the Easy Buy scheme onbehalf of  Polaris Bank expressed delight at the Partnership between the Bank and the Auto firm which he observed will make brand new vehicle acquisition and ownership seamless for Nigerians. 

“We appreciate Management of CIG Motors for this Partnership, as we reiterate that Polaris Bank Easy Buy Scheme offers the most valuable and seamless auto finance opportunity for those who wish to acquire and own brand new cars effortlessly”, Mr. Opeke said. 

Giving more details, Polaris Bank’s Group Head, Products and Market Development, Mrs. Adebimpe Ihekuna said, “The Easy Buy scheme is a seamless plan for desiring customers – Individual and SMEs, leveraging our technology capability, processing time is swift, less than 24 hours” 

Mrs. Ihekuna further noted that the ‘Easy Buy’ scheme is to give Polaris Bank customers the opportunity to secure low-interest bank credit for the procurement of at a hugely-discounted CIG Motors’ GAC range of vehicles. “You can now walk into any Polaris Bank branch to apply for credit to buy your choice GAC cars and thereafter, pay conveniently.”  

 Under the arrangement, prospective customers are entitled to a zero per cent interest freeze between 6-12 months on the GAC Motors models from date of funds disbursement, free comprehensive insurance for the first year, free vehicle registration and five years’ warranty, among other benefits.   

 On his part, the General Manager, Sales, CIG Motors, Mr. Jibril Arogundade, said, “The partnership with Polaris Bank is in line with our strategy and direction of making vehicle acquisition a seamless experience for Nigerians and essentially to assist prospective customers to buy brand new vehicles.   

“The Polaris Bank/CIG Motors partnership is intended to ease vehicle acquisition and assist customers to take advantage of the offer. What we are simply doing, is to help prospective buyers eliminate the burden of sourcing funds in one fell-swoop to buy a new car,” he added.  

Both establishments brokered the agreement in Lagos to ease challenges associated with securing low interest bank credit to acquire choice cars. The two organisations explained that the ‘Easy Buy’ scheme has convenient monthly repayment tenor of up to 60 months.   

The ‘Easy Buy’ auto scheme offer which is applicable to GAC models which includes; GA4, GS3, GN8, GS4 and GS8 models can be accessed in all CIG Motors accredited dealers nationwide.   

While GAC auto models have won varios awards including the Nigeria Auto Journalists Association (NAJA) Awards, Polaris Bank, adjudged the Digital Bank of the Year, is a future-determining Bank committed to delivering industry-defining products and services to individuals and businesses.