Under the agreement, Stanbic bank will provide up to 100 percent financing for personal vehicles and up to 90 per cent for commercial vehicles with a 60 month-loan repayment period
NAIROBI, Kenya: DT Dobie and Stanbic Bank Kenya have signed a partnership agreement to offer Vehicle Asset Financing for the purchase of Mercedes Benz, Volkswagen and Hyundai personal and commercial vehicles.
Under the agreement, Stanbic bank will provide up to 100 percent financing for personal vehicles and up to 90 per cent for commercial vehicles with a 60 month-loan repayment period.
The partnership will also offer DT Dobie customers a discounted loan-processing fee at 1.5 per cent at an interest rate of 13 per cent per annum. Furthermore, clients will also enjoy a 45-day holiday period.
Peter Wanjala, Finance Director at DT Dobie said, “The Volkswagen and Mercedes have proven popular with passenger vehicle buyers while Hyundai has been a favourite commercial light truck. Hyundai light trucks range from 3.5 to 9 tonnes.
“Key attributes of the vehicles are an extra-long chassis, superior fuel efficiency, powerful exhaust brake and hydraulic power steering among others. The trucks carry a three year, or 100,000-kilometre warranty which clearly illustrates the confidence of the Hyundai Motor Company.’’
Speaking during the event, Head of Engineering at Stanbic Bank Kenya, Catherine Muraga said, “Through this partnership with DT Dobie, we can offer unique solutions to our clientele to cater for their motor-vehicle needs.
“We have, this far, been able to provide solutions to hundreds of individual customers and companies to acquire quality vehicles in an easy and convenient manner by making the process of loan application as painless as possible.”
—
MEDIA OUTLET SYNOPSIS
Smart Africa Media (https://smartcompany.africa/) is a pan-African online media convergence platform, incorporating a Daily Newspaper, Digital TV, and soon to introduce Podcast to amplify pro-development and success stories across Africa and the Diaspora, to inspire investment and development.
The multimedia outlet is cultivating smart partnerships, correspondences and audiences across Africa and the Diaspora, with a strong emphasis to deliver business and economic stories that are positive, constructive, and empowering.
In the process, it has secured Media Partnerships for the African Energy Chamber’s premier event African Energy Week 2021 (https://aew2021.com/) in Cape Town, South Africa and with the Africa Platform for Social Protection (APSP) (https://africapsp.org/), to amplify Child Sensitive Social Protection Programmes (CSSP) in East and Southern Africa regions.
It collaborates with the APO Group (https://apo-opa.com/), to distribute Africa’s related positive news content.
