Toyota Kenya has partnered with Prime Bank in rolling out a new car loan facility which will enable members of the Association of Insurance Brokers of Kenya, to get up to 100% financing for the purchase of selected Toyota Kenya vehicles.
The move is part of efforts by Toyota Kenya, to encourage the uptake of brand new vehicles in the country.
With the new partnership, insurance brokers will enjoy a competitive loan facility while purchasing Toyota vehicles, which include the Toyota RAV4, Toyota Rush, Fortuner and the Suzuki Ertiga, with a repayment period of 36 months.
Prime Bank’s Executive Director Amar Kantaria while speaking at the signing ceremony of the financing agreement, said that the partnership between Toyota and Prime Bank is part of the bank’s plan to expand its asset finance portfolio.
Amar Kantaria added that, “We have specifically tailor made this product to insurance brokers with up to 100% financing and a very convenient repayment plan coupled with a competitive interest rate.”
Toyota Kenya’s Managing Director Arvinder Reel praised the continued support that financial institutions in Kenya have given motor vehicle distributors, which in turn has helped them grow the number of Kenyans acquiring brand new vehicles.
