NCBA Bank has today signed an asset financing partnership with Inchcape Kenya to provide exclusive financing options for premium vehicles including Changan, BMW, Jaguar, and Land Rover vehicles.
Under this initiative, NCBA will offer financing solutions for both new and pre-owned vehicles. The financing options include up to 90% of their value for new vehicles and up to 80% of their value for used Vehicles
The maximum repayment period for the financing will be up to 60 months (5 years) while the repayment moratorium will be 60-day post-vehicle release. The processing fees will be 1.5% of the loan amount with an interest rate of 20.6% per annum.
Speaking at the launch, the NCBA Bank Group Managing Director, Mr John Gachora, said, “We are thrilled to enter into this partnership with Inchcape Kenya today. This partnership underscores our commitment to provide innovative solutions in asset finance to benefit our customers. This partnership opens up new opportunities for customers to own premium vehicles from renowned brands like Jaguar, Land Rover, BMW, and Changan.”
“We are delighted to partner with NCBA to offer our customers exclusive financing options that make owning a premium vehicle more attainable. This initiative is a testament to our shared vision of enhancing customer experience and satisfaction.” Julia Vershinskaya, MD Inchcape Kenya added.
”Inchcape Kenya offers a wide range of vehicles for customers to choose from. From light commercial vehicles with fuel-efficient engines to affordable SUVs from the Changan Brand. Customers can also purchase from the BMW and the JLR model lineup with ease because of this partnership. For peace of mind, the vehicles come with a warranty, dedicated aftersales support and a free tank of fuel in addition to financing”
All vehicles financed under this scheme will also be insured through NCBA Bancassurance Intermediary Limited.
The NCBA Bank and Inchcape Asset Financing campaign is expected to run until 31st March 2025.
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