Isuzu East Africa has signed a partnership with NIC Bank that will enable Isuzu Customers to get up to 95% financing for the purchase of new vehicles, a 60-day grace period from the onset and a loan payment period of up to 5-years.
The partnership also aims to provide relief to customers who suffer short term disruptions such as accidents or loss of goods in transit.
In case a disruption occurs, the customer will enjoy loan repayment support of up to Kshs 300,000 per month for two months hence allowing their businesses to continue.
Other details of the partnership include a Kshs 1 million cover for the loss or damage of goods and a personal accident cover for the driver and loader of up to Kshs 250,000.
This service, however, only applies to Isuzu SME customers who have purchased their trucks or pickups through NIC Bank credit facilities.
Other similar partnerships enforced before include the Toyota/NIC partnership, where Toyota provides up to 95% financing for buyers seeking to purchase vehicles as NIC provides loans to customers at 13% interest with the repayment period capped at 60 months.