FCMB and 247 Travels Launch N10m Ticket Financing Scheme

FCMB (First City Monument Bank) and 247 Travels have unveiled a N10 million ticket financing scheme designed to assist eligible customers in purchasing international flight tickets. The program allows customers to borrow up to N10 million and repay the amount over a period of nine months.

This initiative aims to help Nigerians manage travel costs related to business, education, healthcare, and tourism. Yemisi Edun, the Managing Director of FCMB, stated that the product is designed to empower people to pursue their travel goals without unnecessary financial strain.

The "Book Fly Later" solution offers flexibility in managing financial responsibilities. Tunji Adeyemi, Managing Director of 247 Travels, noted that the program addresses the challenge of paying the full cost of airline tickets upfront.

Opeyemi Makinwa, Group Head of Premium Banking at FCMB, emphasized that the partnership reflects the bank's focus on expanding lifestyle financial offerings. Customers can apply for financing through the 247 Travels website, and once approved, the loan will be disbursed within 24 working hours.