Home Tech KCB bank customers to access 95% asset financing to purchase Deluxe trucks & buses

KCB bank customers to access 95% asset financing to purchase Deluxe trucks & buses

by Dennis Mathu
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KCB ban customers will now be able to access flexible financing options to purchase trucks from Deluxe Trucks & Buses at affordable rates. The development was made possible thanks to a new partnership between the two companies.

Deluxe Trucks & Buses – a subsidiary of Simba Corp – was appointed the sole authorized distributor of the entire range of Ashok Leyland brand of trucks and buses.  

Following the announcement, customers will enjoy up to 95% funding with an extended repayment period of 72 months plus a 60-day payment holiday.

On top of that, customers will have the added advantage of getting an embedded tracking and insurance package as well as access to unsecured working capital of up to Kshs.3 million in addition to other bank products available at the bank.

In compliance with the Shariah-compliant banking model, KCB SAHL customers will also have the ability to gain from the Deluxe Trucks & Buses partnership.

During the announcement, KCB Bank Director of Corporate Banking, Esther Waititu stated, “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,” 

Deluxe Trucks & Buses E.A. Managing Director, Mr. Ameet Shroff went ahead to note that “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

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