Ashok Leyland and its Kenyan dealer sign financial services partnership with KCB Bank of Kenya
By RACE Innovations Pvt Ltd - 23rd August 2022
India / Kenya – Deluxe Trucks & Buses E.A. Ltd1 of Nairobi, Kenya, the recently engaged authorised distributor for Ashok Leyland Inc of Chennai, India, together have signed a partnership agreement with KCB Bank Kenya Ltd of Nairobi, to provide financial services packages on behalf of ‘Ashok Leyland Brand of Vehicles’ in Kenya.
The deal enables Ashok Leyland customers to access flexible finance options through Kenya Commercial Bank. The partnership is expected to see customers enjoy up to 95 per cent financing with an repayment period of up to 72 months. Also included in the arrangement are KCB SAHL Banking customers which, under the Shariah-compliant banking model, are also able to purchase trucks from Deluxe Trucks & Buses.
