My WheelsTM
Auto Loan financing made easy apply now | top
MyWheels is a credit scheme designed to assist you part-finance the acquisition of an automobile for your personal use. Your initial contribution is minimal, while repayment is spread over a period of time that makes financial sense to you.
The scheme is available for both vehicle and motorcycle purchase.
Features apply now |
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- Competitive interest rate
- Convenient tenor of up to 48 months
- No additional security required
- Comprehensive insurance cover
- No penalty for early liquidation
- No residual cost
- Quick turn around time in processing your application.
I don’t have enough funds; what do I have to do to get my car?
apply now | top
Make a little down payment of at least 20% and FCMB will finance the balance.
Do I qualify for the loan? apply now | top
The loan is available to all confirmed staff of institutions recognised by FCMB and self employed individual.
Do used vehicles fall under the scheme? apply now | top
Yes, however the vehicle model must not be prior to year 2000.
How long do I have to repay the loan? apply now |
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- For brand new cars, a maximum tenor of 48 months
- For used vehicles between 1-4 years old, 24 months
- For used vehicles between 4-8 years old, 12 months
- For brand new motorcycles, a maximum of 12 months
Why choose MyWheels? apply now | top
These are a few reasons why the Auto Loan deal from FCMB is your best bet.
- You can acquire your automobile now and repay the loan over up to four years
- You get free financial advisory services
- You get to raise your standard of living conveniently and quickly
- It’s available to both FCMB account holders and non- account holders. The latter only needs to open an account with the bank.
- There are also Group schemes with incentives for members
How do I apply? apply now | top
You can apply via internet;
- Visit www.firstcitygroup.com and click on FCMB Consumer Loans link to access the MyWheels Page
- Click on “How to Apply” and follow the link
- Complete the application form with relevant information. If you qualify for MyWheels your request will be approved in principle and an indicative offer will be generated for you
- You are expected to print the indicative offer and submit together the documents that are needed to support your application at any of our branches for further processing
- If you do not initially qualify for MyWheels , you can call or visit the nearest FCMB branch for further advice
Alternatively, you can visit an FCMB branch to apply:
- Walk into any FCMB branch, complete the application form and submit to a sales representative for processing
- Sales representative forwards your request on-line for review
- If your application is successful, an offer in principle together with other documents needed to support your application will be generated for you
- You are expected to duly execute the documents, after which the loan is processed