Stanbic Bank Signs Import Financing Agreement With Two Vehicle Importers

With the signing of the agreement, customers will obtain up to 80 percent financing through Stanbic Bank with a 20 percent deposit paid to importers and a payment period of up to four years.

“Stanbic Bank hopes to make it easier for our customers to access quality vehicles from foreign markets. This will allow them to access a broader pool of vehicles to ensure that the vehicle they choose fully meets their specifications,” said the director of High Net Worth. and wealthy clients at Stanbic Bank Kenya, Aliya Khanbhai.

Stanbic Bank has been at the forefront of providing bespoke vehicle and asset financing solutions, helping numerous clients grow their businesses and acquire useful assets.

The deal is expected to make it easier for customers to source vehicles from the UK, Japan or Australia with MHH International offering a comprehensive service from vehicle sourcing to delivery and offering an additional three month warranty.

“We are passionate about the customer experience and integrity is key to us. We want to deliver a great product and make sure our customers enjoy the purchasing process through us,” said MHH International CEO Alistair Benn.

Benn also noted that the financing package was timely as the Covid-19 pandemic affected stock availability and resulted in increased motor vehicle prices, making it more difficult and costly for customers to obtain vehicles. abroad.

Through World Navi, customers will also be able to purchase vehicles from the Japan Used Car Auction where more than 100,000 vehicles are auctioned each week.

“We intend to help our clients choose from a wide range of assets to ensure they get the best their money can afford,” said World Navi Company Ltd General Manager Stanley Makombe.

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