KCB, TATA AFRICA CLIENTS TO ACCESS ASSET FINANCE DEAL

KCB,TATA AFRICA CLIENTS TO ACCESS ASSET FINANCE DEAL

By Ednah Kiarie

KCB and Tata Africa customers will now

be able to access a competitive asset-

based loan enabling them to secure

vehicles from TATA Africa Holdings.

This has been made possible through a

partnership between KCB and TATA Africa

where KCB will fund up to 95% of the

loan with an extended repayment period

of 72 months. Additionally, customers

will also enjoy a comfortable 60-day

payment holiday and.

The partnership will also give

customers the privilege to access an

embedded tracking and insurance package

and a free driver Life insurance limit

of 1Million over the entire loan

period from KCB Bancassurance

intermediary.

KCB SAHL Banking customers under the

Shariah compliant banking service will

also be able to purchase trucks from

TATA Africa through the partnership.

Speaking during the event, KCB Bank

Kenya Corporate Director Esther Waititu

said: “KCB Group has positioned all

its products with simple and efficient

end to end business models that

complement the needs and financial

capabilities for our customers’

business growth and we will continue to

forge more partnerships like this.

This asset finance deal with TATA

Africa is a perfect reflection of this

commitment.”

Tata Africa have been the market

leaders in their category and Tata has

become a brand of choice for most in

the construction sector, a key pillar

in the Kenyan economy.

On his part, Kamal Rohira, Auto

Business Head – Tata Africa Holdings

(K) Ltd said: “The partnership targets

individuals, Small Medium Size

companies and large commercial

businesses for easy and attractive

loans of up to 95% of the vehicle cost.

Delivering uptime to customers is our

key objective and we will ensure that

our customers are continuously served

with complete satisfaction. TATA has an

active population of more than 15,000

commercial vehicles in the country,

which is served by 11 service stations

and 23 part retailers. In this

partnership, we go hand in hand with

customers in making Tata commercial

vehicles very affordable”

TATA Kenya has recently opened TATA

Authorized Service Stations (TASS) in

Eldoret and Kisumu. This move aims to

ensure that customers get access to

specialized services post-purchase,

given the rising demand for vehicles

used in construction.

The agreement begins on November 10,

2021 and will last for 1 year.