NIC Bank has partnered with Toyota Kenya to introduce an asset financing program enabling customers to acquire new vehicles through tailored financial solutions.
The initiative provides up to 95% financing for Toyota models, featuring a 90-day grace period before repayments commence and a five-year repayment term. Applications can be processed online within 24 hours, offering swift access to funding for buyers.
Alan Dodd, NIC Bank's Executive Director, emphasized the collaboration's role in addressing customer needs, stating, "This partnership aligns with our strategy to expand asset finance offerings and enhance customer accessibility to quality vehicles."
Toyota Kenya's Managing Director, Arvinder Reel, highlighted the program's value, noting, "We aim to simplify vehicle acquisition while maintaining our commitment to durable, reliable transportation options."
This agreement follows a prior partnership with Suzuki and Toyota HINO trucks, reinforcing NIC Bank's leadership in asset finance within the region.
