NAIROBI, Kenya, Aug 1 – Bank of Africa (BOA) has entered into an agreement with Deluxe Truck and Buses E.A. to finance the acquisition of trucks and buses by small, medium, and large businesses.
In the deal, buyers will access up to 90 percent financing on Ashok Leyland trucks and buses with an interest rate of 15.67 percent on reducing the balance for up to 60 months.
“At BOA, one of our aims is to ease the financial load on SMEs who are a key contributor to the economy, and through financing, we want to enable them to reduce their upfront costs to allow them to invest in other areas of their operations,” BOA Head of Asset Finance Bernice Murigi said.
The deal is expected to boost sales at Deluxe Truck and Buses E.A. Ltd., the authorized distributor of the Ashok Leyland range of Commercial vehicles, and give Small, medium-sized, and large commercial businesses more access to affordable financing options.
“We will provide our customers with a five-year warranty for purchasing the vehicles and complimentary after-sales services,” Deluxe Trucks & Buses Managing Director Ameet Shroff said.
“”We have developed, ‘The Triple 5’ package, which will see our customers, enjoy up to 5 years or 500,000 km warranty, and 5 free services, with the purchase of select models, within our range,” he added.
“Delivering uptime to customers is our key objective and we will ensure that our customers are continuously served with complete satisfaction.”
