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NIC Bank partners with Nissan Kenya for asset finance

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NIC Bank has partnered with Nissan Kenya to offer competitive financing at the launch of the  new Nissan 3rd generation X-Trail.

The partnership will see NIC offer customer’s up to 90 per cent financing for a maximum repayment period of five years for the new vehicle as part of enhancing its product offering in the market.

NIC Bank’s Head of Asset Finance, Lennox Mugambi noted the importance of continuous partnerships with players in the industry to roll out attractive asset financing options.

“We are offering an attractive reducing balance interest rate of 18 per cent, compared to the current rate of 21 per cent. The move is part of our strategy to continue growing our Asset Finance business and grow our customer base,” he said.

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Last year the bank launched a leasing subsidiary, NIC Leasing LLP, to further complement the asset financing product offering.
The partnership will also cover other Nissan vehicle brands including the single and double cabin pick-up units as well as the Patrol. Nissan will offer customers who sign up for asset financing with NIC Bank a further discount on the units.
Marketing Manager of Nissan Kenya Ms Samantha Wright says that the partnership will allow customers to enjoy some of their leading products at a favourable interest rate and an attractive discount.

“We have seen the impact of interest rates in our business but with continuous partnerships such as this one with NIC Bank we are able to continue offering the market attractive, competitive options,” she said
Ms Wright noted that Kenya remained a key market for the global brand and was looking to expand its presence in the market.

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