Kenya: Stanbic Bank, CFAO Motors to Offer Buyers 100% Vehicle Financing

22 June 2023
Capital FM (Nairobi)
By Adah Tanui

Nairobi — Stanbic Bank Kenya customers can now acquire vehicles with up to 100 percent financing from CFAO Motors Kenya.

Under the deal, buyers will enjoy a 60- and 90-day repayment holiday for passenger vehicles and school buses, respectively. The facilities will be repayable within 72 months.

They will also get insurance services from the Stanbic Insurance Agency.

"This partnership between CFAO Motors and Stanbic Bank will therefore go a long way in easing the financial load on the customer who wish to enjoy the benefits of buying brand new vehicles," CFAO Motors Kenya Deputy Managing Director Joshua Anya said.

CFAO Motors Kenya Limited recently combined operations with DT Dobie, offering customers the largest automotive model selection and service network countrywide.

The new entity is now home to Toyota, Suzuki, Volkswagen, Mercedes-Benz passenger vehicles, Yamaha motorbikes, and Hino, Hyundai, Sinotruk, and Mercedes-Benz Actros trucks and buses.

"Stanbic Bank is committed to continue leading the market with customer centric innovations that deliver our customers' expectations by strengthening our Asset Financing offering," Stanbic Bank Kenya Head of Products Nelly Waithaka added.

Read the original article on Capital FM.

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