Sharp Daily
No Result
View All Result
Thursday, October 30, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

NCBA and Inchcape roll out exclusive vehicle financing options

Brian Murimi by Brian Murimi
June 6, 2024
in News
Reading Time: 2 mins read

NCBA Bank has forged a strategic alliance with Inchcape Kenya, marking the inception of an asset financing campaign aimed at providing exclusive financing options for select vehicle brands until March 31, 2025. The initiative targets brands like Changan, BMW, Jaguar, and Land Rover, offering tailored financing solutions for both new and pre-owned vehicles to cater to the diverse needs of customers.

Under the Memorandum of Understanding (MoU) signed today, NCBA Bank pledges to extend financing solutions covering up to 90% of the value for new vehicles and up to 80% for used ones. The repayment terms extend up to 60 months (5 years) with a 60-day repayment moratorium post-vehicle release. Additionally, a processing fee of 1.5% of the loan amount and an interest rate of 20.6% per annum have been outlined.

John Gachora, Group Managing Director of NCBA Bank, expressed enthusiasm about the partnership, stating, “This partnership underscores our commitment to provide innovative solutions in asset finance to benefit our customers. This partnership opens up new opportunities for customers to own premium vehicles from renowned brands like Jaguar, Land Rover, BMW, and Changan.”

Inchcape Kenya, known for its wide range of vehicles, including light commercial vehicles with fuel-efficient engines and affordable SUVs from the Changan Brand, lauded the collaboration. Julia Vershinskaya, Managing Director of Inchcape Kenya, remarked, “We are delighted to partner with NCBA to offer our customers exclusive financing options that make owning a premium vehicle more attainable. This initiative is a testament to our shared vision of enhancing customer experience and satisfaction.”

RELATEDPOSTS

NCBA Bank

NCBA group records 3.4% profit growth in Q’1 2025

May 23, 2025

NCBA achieves strong Q3 2024 results with KES 15.1B profit

November 28, 2024

Furthermore, vehicles financed under this scheme will be insured through NCBA Bancassurance Intermediary Limited, ensuring customer peace of mind and security.

Customers can expect a seamless purchasing process with warranty coverage, dedicated after-sales support, and a free tank of fuel in addition to financing, Vershinskaya added.

The partnership aims to streamline the acquisition of premium vehicles, fostering accessibility and convenience for consumers while bolstering NCBA Bank’s position in the asset finance sector.

Previous Post

Strong Kenyan shilling drives KES 1.2 trillion debt decrease

Next Post

Framework to guide the deepening and uptake of Islamic finance in Kenya

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

News

Domestic investors drive NSE recovery as foreign activity slows

October 30, 2025
News

ICPAK introduces UDIN system to enhance audit integrity and public trust

October 30, 2025
News

Who Should Invest in a Money Market Fund

October 29, 2025
News

Eastern Africa’s unified spectrum strategy to boost broadband

October 27, 2025
News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025

LATEST STORIES

How can Kenya ease energy costs for vulnerable households

October 30, 2025

Domestic investors drive NSE recovery as foreign activity slows

October 30, 2025

Kenya’s “too stable” shilling: Market confidence or policy management?

October 30, 2025

ICPAK introduces UDIN system to enhance audit integrity and public trust

October 30, 2025

SASRA warns auditors over SACCO reporting failures

October 30, 2025

Kenya’s Sovereign Wealth Fund: A new path to sustainable growth and fiscal stability

October 30, 2025

Why saving in a money market fund beats a regular bank account

October 30, 2025
Trucks crossing the Namanga border between Kenya and Tanzania

Tanzania Elections 2025: How Political Outcomes Could Affect Kenyan Trade and Travel

October 30, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024