Stanbic Bank, Salvador Caetano Expand Vehicle Financing
Stanbic Bank, Salvador Caetano Expand Vehicle Financing
Improved Access to Asset Ownership
Stanbic Bank Kenya and Salvador Caetano Kenya have expanded their vehicle financing partnership to improve access to asset ownership for individuals and businesses.
The revised agreement introduces enhanced terms aimed at easing affordability pressures amid tighter credit conditions.
Under the new structure, customers can access up to 100 per cent vehicle financing, enjoy zero facility fees, and repay loans over periods of up to 96 months on vehicles purchased from Salvador Caetano Kenya.
Supporting Business Growth
The expansion builds on a long-standing collaboration between the two institutions. Previously, the partnership focused on structured asset finance and fleet solutions for corporate and SME customers.
Florence Wanja, Regional Head of Business and Commercial Banking at Stanbic Bank East Africa, said the improved terms directly address cost barriers faced by businesses.
“Extended tenures, zero facility fees, and full financing significantly lower the cost of acquiring vehicles,” she said. “This partnership strengthens our role in supporting enterprise growth, productivity, and long-term investment.”
Flexible Financing for Diverse Vehicle Needs
Salvador Caetano Kenya represents several global automotive brands. These include Ford, Hyundai, Kia, Renault, JMC, and Chery. The company serves passenger, commercial, and electric vehicle segments.
Its portfolio also features electric models such as the Hyundai Kona and Kia EV5. These options align with rising demand for cleaner mobility solutions in Kenya.
Stanbic Bank, Salvador Caetano Expand Vehicle Financing
Improving Cash Flow Predictability
Salvador Caetano Kenya Managing Director Aurelien Glay said the enhanced framework improves cash flow planning for buyers.
“Flexible repayment periods of up to 96 months, combined with a grace period of up to 60 days, allow customers to align vehicle investment with business performance,” he said.
In addition, the package includes a repayment holiday of up to 60 days. This feature helps ease short-term liquidity pressure.
Driving Mobility Across Key Sectors
The expanded partnership is expected to support fleet expansion and commercial transport. It will also improve access to modern vehicles across key sectors of the Kenyan economy.
At the same time, the initiative supports Kenya’s gradual transition toward more sustainable mobility solutions.
