NAIROBI, Kenya July 20 – KCB Bank has inked a deal with Deluxe Trucks & Buses East Africa Ltd which will see its customers access flexible financing options to purchase the vehicles.
In the partnership, customers will enjoy up to 95 per cent funding with an extended repayment period of 72 months as well as a 60-day payment holiday.
In addition, customers will have the privilege to access an embedded tracking and insurance package and access to unsecured working capital of up to 3 million among other bank products available at the bank.
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, 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.
