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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