NIC Bank today partnered with Toyota Kenya ,the largest motor vehicle manufacturer in the world in a deal that will see the lender's customers acquire trucks on credit basis.
In the deal agreement, NIC Bank will provide the financing while Toyota Kenya will provide the vehicles ( Hino trucks).
Financing will be up to 80% the value of the truck and repayable within a maximum of 60 months with a 60 day grace period.
To apply a customer must identify the trucks from Toyota showrooms and then visit any NIC Bank to apply for the financing.
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