Prime Bank Partners With Crown Motor Group in Vehicle Asset Financing

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PRIME BANK IN VEHICLE ASSET FINANCING DEAL WITH CROWN MOTORS GROUP
From Left: Ernest Kinuthia, Finance Manager, Crown Motors Group, Maliha Sheikh, National Sales Manager, Crown Motors Group, Sarah Kiptoo, Head of SME banking, Prime Bank, Maulesh Acharya, Prime Bank Assistant General Manager and Connie Kirika the bank’s Marketing Manager during the signing of the partnership agreement.

Prime Bank has partnered with Crown Motors Group to offer Vehicle Asset Financing for the purchase of their range of its Nissan vehicles available for the Kenyan market.

The partnership will see Nissan customers benefit from up to 100 per cent financing from Prime Bank for the purchase of Nissan models including the Nissan Patrol, Xtrail, and the Pick up range.

For the purchase of the models, customers will enjoy “Zero” processing fees with up to 48 months repayment period at an interest rate starting from 12.5 per cent per annum. Furthermore, customers will also enjoy a 30 days repayment holiday from the Bank.

Prime Bank’s Head of SME segment, Ms. Sarah Kiptoo noted that the partnership will ensure growth of the Bank’s Asset Finance portfolioby availing an opportunity to its customers across all sectors, with a wider choice of vehicles to purchase from based on their lifestyles and business needs.

“With our robust Asset Finance offering for both businesses and individuals, this partnership guarantees both our customers and non-customers the best deal withan extended repayment period at competitive interest rates for the top of range vehicles in the market,” she added.

Crown Motors Group’s National Sales Manager Ms. Maliha Sheikh said,“Over and above the financial offering from Prime Bank, all Nissan vehicles come with a two year, or 50,000 km free service plan and a three year/100,000 km warranty to ensure customer peace of mind whilst enjoying their cars long after their purchase”.

“We anticipate that this partnership will facilitate customers in growing their businesses with high quality, reliable and affordable price point vehicles that are built for tough conditions in the Sub-Sahara African market”, she added