Mercedes Benz and Volkswagen brand of vehicles’ sales is set to increase following the signing of a six months partnership between NCBA Bank Kenya and DT Dobie.
The partnership will see the promotion of the vehicles in a bid to increase sales.
NCBA Bank will provide up to 95% financing with up to six years loan repayment period.
The partnership also offers a discounted loan-processing fee at 2 % for new customers and 1% for existing customers.
The interest rate will be at 13% on a reducing balance basis.
Customers purchasing Personal vehicles will also enjoy an all-inclusive insurance rate of 3.5 percent.
According to the Banks Asset Finance and Business Solutions Group Director Lennox Mugambi, the entity is committed to rebuilding businesses through asset financing.
We want to encourage business owners to take advantage of this partnership to bolster their enterprises through asset financing
DT Dobie Managing Director Chris Ndala stated that the Volkswagen Polo Vivo and Tiguan Allspace are popular with passenger vehicle buyers.
He further noted that the Polo Vivo is compact and, fuel-efficient while the Tiguan Allspace has a powerful 2.0-liter engine.
Tiguan Allspace also has a 4-Motion all-wheel drive, seven seats ,many standard technologies and safety features.
Further, NCBA Insurance Agency will provide an all-inclusive insurance rate of 3.25% for the Mercedes Benz School bus.
The Mercedes-Benz buses and trucks offer some of the best features in their segment, with the buses featuring anti-lock brakes and dedicated bus chassis
NCBA Group is a full-service banking group providing a broad range of financial products and services.
It offers the services to corporate, institutions , SME, and consumer banking customers.