FCMB Introduces Financing Programme for International Air Travel

First City Monument Bank (FCMB) has partnered with 247 Travels to introduce "Book Now, Fly Later," a new financing program designed to make international air travel more accessible for Nigerians. This initiative allows eligible customers to secure international flight tickets with a loan of up to ₦10 million.

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At FCMB, we believe banking should empower people to pursue their goals without unnecessary financial strain. Our Book Now, Fly Later solution makes travel more accessible and affordable while giving customers flexibility to manage their finances responsibly.

The repayment period for these loans ranges from three to nine months, providing customers with financial flexibility. The program is intended to assist Nigerians in managing the costs associated with travel for various purposes, including business, education, healthcare, tourism, and family obligations. The facility is exclusively available for airline tickets purchased via 247 Travels and is powered by FCMB Premium Banking.

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She said the initiative aligns with the bank’s broader strategy of promoting inclusive growth through innovation and partnerships.

FCMB Managing Director Yemisi Edun emphasized the bank's commitment to empowering individuals to pursue their goals without financial strain. She stated that the "Book Now, Fly Later" solution enhances travel accessibility and affordability while enabling responsible financial management. Edun added that this initiative aligns with the bank's strategy of fostering inclusive growth through innovation and strategic partnerships, promising continued development of products that simplify financial decisions and create customer value.

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We will continue to develop products and partnerships that simplify financial decisions and create value for our customers.

Tunji Adeyemi, Managing Director of 247 Travels, highlighted that the program addresses a significant challenge for travelers by alleviating the burden of paying the full ticket cost upfront. He noted the increasing demand for flexibility and convenience among travelers, asserting that the partnership with FCMB facilitates securing flights and spreading payments over time. Opeyemi Makinwa, FCMB’s Group Head of Premium Banking, further commented that the product underscores the bank's focus on lifestyle offerings through strategic collaborations.

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Travellers increasingly want flexibility and convenience. Our partnership with FCMB enables customers to secure flights and spread payments over time.