FCMB Launches Financing for International Travel Tickets

First City Monument Bank (FCMB) and 247 Travels have introduced a financing program named "Book Now, Fly Later," enabling eligible customers to borrow up to ₦10 million for international flight tickets, with repayment terms ranging from three to nine months. This initiative is designed to assist Nigerians in managing travel expenses related to business, education, healthcare, tourism, and family commitments.

The program is exclusively available for airline tickets purchased through 247 Travels and is powered by FCMB Premium Banking. FCMB Managing Director Yemisi Edun stated that the initiative aligns with the bank's strategy of promoting inclusive growth through innovation and partnerships, emphasizing the importance of making travel more accessible and affordable.

Tunji Adeyemi, Managing Director of 247 Travels, noted that the program addresses the challenge of upfront ticket costs, providing flexibility and convenience for travelers. Opeyemi Makinwa, FCMB’s Group Head of Premium Banking, highlighted the product's focus on lifestyle offerings through strategic partnerships.