KCB Bank Customers to enjoy up to 95% Financing Deal In New Partnership
KCB Customers will now enjoy up to a 95% asset financing deal with an extended repayment period of 72 months as well as a comfortable 60-day payment holiday. This is after KCB Bank and Deluxe Trucks & Buses inked a deal that will see customers access an embedded tracking and insurance package.
The two firms are also offering unsecured working capital of up to 3Million among other bank products. In the new move, KCB SAHL Banking customers who are under the Shariah-compliant banking model will also be able to purchase trucks from Deluxe Trucks & Buses at affordable rates.
Speaking during the event, KCB Bank Director of Corporate Banking, Esther Waititu noted that the arrangement is in line with the Bank’s vision to leverage partnerships that seek to provide value to its customers. “We are delighted to partner with Deluxe Trucks & Buses as is a reflection of our commitment to supporting key customers to derive value from their long-standing loyalty,” Waititu said.
On his part, Deluxe Trucks & Buses E.A. Managing Director, Mr. Ameet Shroff said: “The partnership targets individuals, Small Medium Size companies, and large commercial businesses for flexible financing of up to 95% of the vehicle cost. Delivering uptime to customers is our key objective and we will ensure that our customers are continuously served with complete satisfaction.”
Deluxe Trucks & Buses E.A. Ltd, which is a wholly owned subsidiary of Simba Corp, was appointed the sole authorized distributor of the full range of Ashok Leyland brand of trucks and buses. The vehicles are locally assembled at Associated Vehicle Assemblers (AVA) which is also owned by Simba Corp.
The firm recently opened a modern sales, and service equipment center at Xylon Complex, located along ICD Road, Off Mombasa Road, Nairobi,, in a move that will ensure that customers get access to specialized services post-purchase, given the rising demand for vehicles used by SMEs and MSMEs.