Kenya’s NCBA Bank has partnered with automotive distributor Salvador Caetano Kenya to expand asset financing for both conventional and electric vehicles, in a move aimed at improving access to mobility and supporting the country’s green transport shift.
Under the agreement announced Tuesday, customers will be able to access financing of up to 100% for personal vehicles and up to 95% for commercial units, with repayment periods of up to 84 months and reduced processing fees.
Electric vehicle buyers, including models such as the Kia EV6, Hyundai IONIQ 5 and Hyundai Kona EV, will be eligible for financing of up to 90% over a maximum of 60 months.
The scheme covers vehicles from brands including Hyundai, Kia, Ford, JMC and Chery.
NCBA Group Director for Asset Finance and Business Solutions Lennox Mugambi said the partnership would improve affordability and accelerate adoption of sustainable mobility solutions.
“We remain committed to delivering solutions that support individuals, SMEs and corporates while accelerating Kenya’s transition towards sustainable mobility,” Mugambi said.
Salvador Caetano Kenya Managing Director Aurélien Glay said the collaboration would integrate financing into the vehicle purchase process, improving customer convenience.
The scheme targets retail buyers, SMEs, corporate fleet operators and logistics companies, NCBA said.
NCBA, one of East Africa’s largest banks by customer base, has a market share of 35.4% in hire purchase asset finance as of April 2026, it said.