NCBA Bank Group has partnered with Inchcape Kenya to finance customers' acquisition of vehicles from the automotive distributor.
NCBA Group director of Asset Finance and Business Lenox Mugambi and Inchcape Kenya Managing Director Yulia Vershnskaya signed the agreement on Tuesday at the Inchcape Changan showroom along Lusaka Road.
Mugambi said the partnership is designed to offer exceptional benefits specifically tailored for those looking to acquire Jaguar, BMW, Land Rover, and Changan vehicles.
“As we navigate through the complexity of vehicle financing, our goal remains clear to simplify the process and make it more accessible and advantageous to our customers.”
Further, he said the partnership will allow customers to drive away with their dream cars at minimal cost. They will be financing 90 percent of new and 80 percent of refurbished vehicles.
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He emphasized that the repayment period was designed with the customer in mind to have a maximum repayment period of five years.
“This will allow the customer to have flexible repayment especially during these challenging times,” he added.
Nevertheless, they will offer a 60-day repayment moratorium to enable the customer to settle with the vehicle and navigate without pressure.
“All vehicles under this scheme will be insured under NCBA bank insurance intermediary offering our customers peace of mind and comprehensive vehicle protection,” he said.
Mugambi emphasized that the scheme will also feature competitive yet accessible interest rates, very good discounts, and processing fees, providing an unmatched vehicle financing experience.
Inchcape Kenya Managing Director Yulia Vershnskaya admitted to working for a long time to bring the partnership to fruition.
“Marketing is a challenge these days, this partnership will make sure that Kenyan customers have access to a great product both automotive and financing enabling them to enjoy,” Vershnskaya said.
