KCB Bank has inked a deal with Deluxe Trucks & Buses East Africa Ltd, which will see its customers access flexible financing options to purchase the vehicles.
In the partnership, customers will enjoy up to 95 per cent funding with an extended repayment period of 72 months and a 60-day payment holiday.
In addition, customers will have the privilege to access an embedded tracking and insurance package and access to unsecured working capital of up to 3 million, among other bank products available at the bank.
Speaking during the event, KCB Bank Director of Corporate Banking Esther Waititu noted that the arrangement aligns with the Bank’s vision to leverage partnerships that seek to provide value to its customers.
The partnership targets individuals, Small Medium Size companies, and large commercial businesses for flexible financing of up to 95% of the vehicle cost. Delivering uptime to customers is our key objective and we will ensure that our customers are continuously served with complete satisfaction.” Deluxe Trucks & Buses E.A., Managing Director Ameet Shroff.
Deluxe Trucks & Buses E.A. Ltd, which is a wholly owned subsidiary of Simba Corp, was appointed the sole authorized distributor of the full range of Ashok Leyland brand of trucks and buses.
The vehicles are locally assembled at Associated Vehicle Assemblers (AVA), which is also owned by Simba Corp.
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