DT Dobie Signs Deal With Stanbic Bank For Vehicle Asset Financing

Roy Kyalo (second right), DT Dobie General Manager Mercedes Benz and Volkswagen and Catherine Muraga (second left), Stanbic Bank Kenya Head of Engineering sign a Memorandum of Understanding (MOU) for Vehicle Asset Financing. (Right)Dale Slee, DT Dobie Business Development Director Mercedes Benz and Kimani Njagi (left), Stanbic Bank Head of Vehicle and Asset Finance.

DT Dobie and Stanbic Bank Kenya have signed a partnership agreement to offer Vehicle Asset Financing for the purchase of Mercedes Benz, Volkswagen and Hyundai personal and commercial vehicles. Under the agreement, Stanbic bank will provide up to 100 per cent financing for personal vehicles and up to 90 per cent for commercial vehicles with a 60 month-loan repayment period.

The partnership will also offer DT Dobie customers a discounted loan-processing fee at 1.5 per cent at an interest rate of 13 per cent per annum. Furthermore, clients will also enjoy a 45-day holiday period.

Peter Wanjala, Finance Director at DT Dobie said, “The Volkswagen and Mercedes have proven popular with passenger vehicle buyers while Hyundai has been a favourite commercial light truck. Hyundai light trucks range from 3.5 to 9 tonnes. Key attributes of the vehicles are an extra-long chassis, superior fuel efficiency, powerful exhaust brake and hydraulic power steering among others. The trucks carry a three year, or 100,000-kilometre warranty which clearly illustrates the confidence of the Hyundai Motor Company.”

Head of Engineering at Stanbic Bank Kenya, Catherine Muraga said, “Through this partnership with DT Dobie, we can offer unique solutions to our clientele to cater for their motor-vehicle needs. We have, this far, been able to solution hundreds of individual customers and companies to acquire quality vehicles in an easy and convenient manner by making the process of loan application as painless as possible.