NCBA Bank and Inchcape have announced a new partnership that will see the bank provide exclusive financing solutions to both new and used vehicles sold by Inchcape.
This asset finance agreement runs until 31st March 2025. It will provide financing options for Changan, BMW, Jaguar, and Land Rover vehicles.
The financing options include:
- New Vehicles: Up to 90% of their value
- Used Vehicles: Up to 80% of their value
- Maximum Repayment Period: Up to 60 months (5 years)
- Repayment Moratorium: 60-day repayment moratorium post-vehicle release
- Processing Fees: 1.5% of the loan amount
- Interest Rate: 20.6% per annum
All vehicles financed under this initiative will be insured through NCBA Bancassurance Intermediary limited.
Commenting on this partnership, 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.
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 line up with ease because of this partnership. For peace of mind, the vehicles come with warranty, dedicated aftersales support and free tank of fuel in addition to financing” said Julia Vershinskaya, MD Inchcape Kenya.