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from TIMES TODAY
by TIMES TODAY
Business
DT Dobie Signs Deal With Stanbic BankFor Vehicle Asset Financing
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DT Dobie and Stanbic Bank Kenya have today 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.
TT 36 | JAN 18 -24 | 2022
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.’’
Speaking during the event, 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.
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