First City Monument Bank and 247 Travels have launched Book Now, Fly Later, a financing programme that allows eligible customers to borrow up to N10m to purchase international flight tickets and repay over three to nine months.
The programme is designed to help Nigerians spread travel costs for business, education, healthcare, tourism and family commitments, according to a statement from the partners on Monday.
The facility, powered by FCMB Premium Banking, is available exclusively for airline tickets purchased through 247 Travels.
According to the partners, salaried and self-employed FCMB customers who meet the bank’s eligibility requirements can apply for the facility, with successful applicants expected to receive approval and disbursement within 24 working hours.
The partnership combines FCMB’s lending capabilities with 247 Travels’ booking services to provide customers with an instalment-based payment option for international travel.
Commenting on the initiative, the Managing Director of FCMB, Yemisi Edun, said the product was designed to make travel financing more flexible for customers.
“At FCMB, we believe banking should empower people to pursue their goals without unnecessary financial....
