NAIROBI, Kenya, Aug 20 – SBM Bank Kenya and Caetano Kenya have signed a financing agreement aimed at easing access to new vehicles and equipment for individuals and businesses.
Under the partnership, SBM Bank will finance up to 100% of the cost of selected new vehicles and equipment, including models from JMC, KIA, Hyundai, Ford, Renault, Renault Trucks, and Hyundai Forklifts.
Loan amounts will start from Sh300,000, with repayment periods of up to 72 months. Customers will also have the option of a 60-day moratorium on their first installment, while interest will be pegged at the Bank’s base lending rate of 17.35% plus 1%.
Caetano Kenya Managing Director Aurelien Glay said the initiative would ease barriers faced by SMEs and individuals struggling with high upfront costs.
“This partnership directly addresses those pain points, making it possible for customers to access the assets they need without compromising their cash flow,” he said.
SBM Bank Kenya’s Director of Corporate and Institutional Banking Eric Wambua said the collaboration aligns with the lender’s strategy to support business and household growth.
“Vehicles and equipment are not just purchases—they are investments that drive growth, create opportunities, and improve livelihoods. By offering competitive financing terms and a wide range of options through Caetano Kenya, we are helping customers turn their ambitions into reality,” he said.
The arrangement is expected to benefit SMEs, corporate fleets, and individuals at a time when demand for efficient transport and operational assets continues to rise.
