Stanbic Bank Kenya has signed an importing financing partnership with MHH International Limited and World Navi Company.
The deal will see the lender’s customers who are interested in imported vehicles get up to 80 percent financing for a period of up to four years.
“By partnering with MHH International and World Navi, Stanbic Bank hopes to make it easier for our clients to access quality vehicles from overseas markets. This will enable them to access a wider pool of vehicles to ensure that the vehicle they settle on fully meets their specifications. We want our clients to get the exact vehicle they desire and would like to offer them a painless and seamless experience during the acquisition journey” said Head of High Net Worth and Affluent Clients at Stanbic Bank Aliya Khanbai.
The financing partnership will enable clients to access quality vehicles with friendly repayments terms from the bank and help customers avoid the elimination of markups by middlemen as the institution has been offering tailored vehicles and asset financing solutions.
Customers will now be able to source vehicles from the UK, Japan, Australia as MHH International offers end-to-end service from sourcing to delivery and offering three months warranty for vehicles.
“We are passionate about the customer experience and integrity is key to us. We want to provide an excellent product and ensure that our customers enjoy the acquisition process through us”, said MHH International Managing Director Alistair Benn.
The financing package was convenient considering the COVID-19 pandemic affected the availability of stocks and increase in price thus making it hard for customers to source vehicles overseas.
World Navi Company will source and ship vehicles hence clients will be able to access over 100,000 Japanese used vehicles that are put in auction every week.
“We intend to assist our clients to choose from a wide array of assets to ensure they get the very best their money can afford them. We Promise to offer our clients assets in great condition, at affordable prices and within quick delivery times,” stated World Navi Company Ltd General Manager Stanley Makombe.
According to Makombe World Navi Company Ltd and Stanbic Bank Will ensure clients receive their vehicles would arrive as promised and the purchase is backed by reliable entities while The motor-vehicles importers together with Stanbic Bank aim at driving Kenya’s socio-economic growth to ensure businesses and individuals achieve their goals.