Simba Corp and Equity Bank have announced a partnership where Equity Bank will be offering up to 95% financing on the FUSO Trucks and Buses. With minimum capital outlay, Equity account and non-account holders will be able to acquire the vehicle from Simba Corp through loan facilities from Equity Bank.
In addition to the asset financing facility, clients will receive Insurance Premium Financing (IPF). This eases the burden to make lump sum insurance premium payments through payment in affordable monthly installments. Other benefits of the partnership include, but not limited to longer credit period of up to 60 months and competitive interest rates with no requirement for additional security.
Speaking during the signing ceremonySimba Corp Executive Director Mr. Dinesh Kotecha expressed excitement on partnering with Equity Bank.
‘’With the wide network that Equity Bank has through its Agents and Branches, this collaboration exemplifies Simba’s vision to be accessible in the whole country. Both Simba Corp and Equity Bank share common core values, are both indigenous Kenyan companies and I believe that this partnership will not only broaden but strengthen both companies.” Mr. Dinesh Kotecha added.
Equity Bank Chief Operating Officer, Dr. Julius Kipng’etich said that the partnership will enable Equity Bank to provide its customers with access to vehicles and tools that they require to cultivate and nurture their businesses. ‘‘One of our philosophies at Equity Bank has always been to listen, understand and deliver solutions that meet and exceed the needs of customers.