This archive report was first published on 2 September 2021.
On September 2, 2021, Prime Bank announced a partnership with Crown Motors Group to offer vehicle asset financing for the purchase of Nissan vehicles in Kenya.
The partnership allows customers to finance up to 100% of the purchase price of Nissan models, including the Patrol, Xtrail, and Pickup range, with zero processing fees and a repayment period of up to 48 months at an interest rate starting from 12.5% per annum.
Prime Bank's Head of SME segment, Ms. Sarah Kiptoo, noted that the partnership will enable the growth of the bank's asset finance portfolio by providing customers with a wider choice of vehicles to purchase based on their lifestyles and business needs.
Ms. Kiptoo added, “With our robust Asset Finance offering for both businesses and individuals, this partnership guarantees both our customers and non-customers the best deal with an extended repayment period at competitive interest rates for the top-of-range vehicles in the market.”
Crown Motors Group's National Sales Manager, Ms. Maliha Sheikh, said, “Over and above the financial offering from Prime Bank, all Nissan vehicles come with a two-year, or 50,000 km free service plan and a three-year/100,000 km warranty to ensure customer peace of mind whilst enjoying their cars long after their purchase.”
