Coop Bank Toyota Financing: For the majority in business, a pick-up truck is the most preferred mode of transportation. With a variety of models in the market, most businesses prefer to go for the best. In the local market, there is hardly a model that beats the Toyota Hilux single cab pick-up. However, not too many people in business or looking to start a business can afford this vehicle. Especially now when the economy is reeling from the effects of corona pandemic.
While most entrepreneurs would wish to take an asset financing facility, not too many lenders will willingly extend loans. However, there is a way you can lease or get asset financing for this vehicle or even a truck from Toyota Kenya. In a business transformational partnership, the Co-operative Bank has partnered with Toyota Kenya to assist local entrepreneurs a brand new Toyota pick-up or a Hino truck easily using the most flexible asset financing facility in Kenya today.
Through Co-op Bank, you will only place a down-payment of as low as 5 per cent to purchase the vehicles. The bank will finance the remaining 95 per cent. Once you get financed, the bank will give you a repayment period of up to 60-months or five years.
The icing on the cake? Co-op Bank will also extend a Sh. 500,000 working capital loan – without additional security – to you. What’s more, to give customers some relief to enable them to build cash for repaying the loan, you will enjoy a grace period of 2 months (60 days).
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“The new partnership also allows fleet customers under Coop Fleet Africa, the leasing arm of Co-operative Bank Group, to acquire more units. This is an amplification of the existing deal that only covers the commercial segment with the financing of the Hiace van and Hilux pickups.,” says Co-op Bank.
CLICK HERE TO LEARN MORE AND APPLY FOR A TOYOTA PICK-UPÂ OR TRUCKÂ
According to the bank, this vehicle acquisition scheme is available for those customers who want direct acquisition of the vehicles, or for leasing. “We have made the terms flexible to accommodate MSME’s, Co-operatives, Corporate, Individuals and Farmers, to support them retool their businesses as the economy re-opens,” says the lender.
Over the past one year that the country has been fighting the economic impact of the pandemic, Co-op Bank has emerged as the leading bank in customer support. Apart from offering extensive loan restructuring support, the bank has offered to pay dividends, in a move that will boost the pockets of its shareholders. This even as other tier one banks have shied away from paying dividends. Coop Bank Toyota Financing.
