NCBA Bank Group and Inchcape Kenya have joined forces to make it easier for customers to finance their vehicle purchases from the automotive distributor. The agreement was signed by NCBA Group Director, Lenox Mugambi, and Inchcape Kenya Managing Director, Yulia Vershnskaya at the Inchcape Changan showroom along Lusaka Road.
Benefits of the Partnership
Customers looking to buy Jaguar, BMW, Land Rover, and Changan vehicles will receive special benefits through this partnership which also aims to provide customers with a seamless and convenient experience when purchasing their dream car. Customers can finance up to 90% for new vehicles and 80% for refurbished vehicles. The repayment period is up to five years, with a 60-day repayment moratorium.
Insurance and Interest Rates
NCBA Bank’s insurance intermediary will provide comprehensive coverage for all vehicles financed under this scheme, giving customers peace of mind knowing that their investment is protected. In addition to insurance, NCBA Bank will also offer competitive interest rates of 20.6% per annum and a processing fee of 1.5% to make vehicle ownership more affordable for customers. NCBA Bank Group is committed to simplifying the financing process and making it more accessible to helping customers achieve their goal of owning a vehicle without unnecessary financial burden. This partnership underscores NCBA Bank’s dedication to providing innovative solutions that meet the needs of its customers and support their aspirations of owning a vehicle.
Customers can expect a streamlined and efficient process when it comes to securing financing for their vehicle purchases. This partnership will not only make the dream of owning a car more attainable for many individuals, but it will also enhance the overall customer experience by providing tailored solutions that meet their specific needs and preferences. With this collaboration, customers can look forward to a hassle-free journey towards owning their desired vehicle, ultimately empowering them to achieve their goals and aspirations with ease.
