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Originally published by Capital Business
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business
August 21, 2025
1d ago

SBM Bank, Caetano sign deal to ease vehicle and Equipment financing

SBM Bank, Caetano sign deal to ease vehicle and Equipment financing

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 Kenya breaking news | Kenya news today |..

✨ Key Highlights

SBM Bank Kenya and Caetano Kenya have partnered to offer financing solutions for new vehicles and equipment, making them more accessible for individuals and businesses across Kenya.

  • Loan amounts will commence from Sh300,000, featuring repayment periods extending up to 72 months, with an interest rate of the Bank’s base lending rate of 17.35% plus 1%.
  • The agreement allows for financing of up to 100% of the cost of selected new vehicles and equipment from brands such as JMC, KIA, Hyundai, Ford, Renault, and Hyundai Forklifts.
  • Aurelien Glay, Managing Director of Caetano Kenya, stated the initiative addresses high upfront costs for SMEs and individuals, enabling easier access to necessary assets.

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