This archive report was first published on 17 June 2020.
On June 17, 2020, NCBA Bank and Toyota Kenya announced an enhanced financing scheme to support customers in purchasing new vehicles.
The scheme offers up to 95% financing for all Toyota and Suzuki models, with a 60-day repayment holiday. Additionally, the facility fee has been discounted to 1% for repeat customers and 1.5% for new customers.
According to Alan Dodd, Group Director of Asset Finance and Business Solutions at NCBA Bank, the partnership aims to reaffirm the bank's commitment to providing a strong value proposition for customers acquiring vehicles for business use.
“Given the current economic challenges, we remain committed to supporting our customers through unique solutions that will sustain them for the long term,” Dodd noted.
Toyota Kenya's Managing Director, Arvinder Reel, emphasized the significance of the continued relationship with NCBA Bank, particularly during the Covid-19 pandemic.
“The pandemic has hit the economy hard, making it difficult for businesses to acquire assets. We are optimistic that our extended relationship with NCBA Bank will provide options for businesses to expand their operations and support the country's economy,” Reel said.
