There is a now an easier and affordable way to get business financing and a business truck. This follows a partnership between the Co-operative Bank and Isuzu East Africa. The deal will allow Kenyans to get an Isuzu NKR or Isuzu FRR at an asset financing arrangement of up to 95 per cent.
“This special scheme make the process of buying Isuzu trucks affordable, with the banking financing up to 95 per cent of the purchase price for Isuzu NKR and Isuzu FRR models,” says Co-op Bank in a statement.
In addition to getting these trucks, customers can apply for a Sh. 500,000 working capital loan to support their businesses especially at this difficult Covid-19 season.
These loan facilities come with the longest re-payment periods in the market of up to 5 years. In the same vein, they offer a 60 days’ grace period and a negotiated motor vehicle insurance cover.
The two loan facilities are the latest in a series of efforts by Co-op Bank that are aimed at supporting the small and medium enterprises sector.
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