Collaboration between Ashok Leyland and Kenya Commercial Bank for flexible financing options
Posted by Priya Singh On 08-Aug-2022 06:18 AM
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Customers will benefit from up to 95 per cent financing, a 72-month repayment plan, and a 60-day payment vacation as a result of the partnership.
Deluxe Trucks and Buses in Kenya, Ashok Leyland's authorized distributors, have formed a cooperation with Kenya Commercial Bank to jointly promote the Ashok Leyland brand in the nation. Kenya Commercial Bank (KCB) is a major financial organization in the region that provides a wide range of services.
Customers of Ashok Leyland will now have access to flexible financing alternatives thanks to a collaboration with Kenya Commercial Bank. Customers will benefit from up to 95 per cent financing, a 72-month repayment plan, and a 60-day payment vacation as a result of the partnership.
Customers will also have access to an embedded tracking and insurance package, as well as unsecured working capital of up to KES 3 million (Rs 20,04,947), among other bank products.
Furthermore, as part of the Shariah-compliant banking model, KCB SAHL Banking customers will be able to purchase trucks from Deluxe Trucks and Buses at reasonable prices.
Ameet Shroff, Managing Director of Deluxe Trucks and Buses, stated, "The cooperation targets individuals, small-medium size organizations, and large commercial businesses for flexible financing of up to 95 per cent of the vehicle cost. Our primary goal is to provide clients with uptime, and we will work hard to ensure that our customers are consistently satisfied."
Deluxe Trucks and Buses, completely owned by Simba Corp, has been selected as the sole authorized distributor of the whole range of Ashok Leyland truck and bus brands. Simba Corp. also owns Associated Vehicle Assemblers (AVA), which assembles automobiles locally.
Given the increased demand for cars used by SMEs and MSMEs, the company has launched a sale and service equipment centre at Xylon Complex, located along ICD Road, Off Mombasa Road, Nairobi, to ensure that customers have access to specialized services after purchase. The present network of Deluxe Trucks and Buses dealerships covers Nairobi, Nakuru, Mombasa, and Thika. It intends to designate dealers in other major cities across the country.
