Business Vehicle Insurance & Financing
Accelerate your business growth with our Vehicle Finance. Get financing of up to 100% with flexible repayment terms of up to 72 months, competitive rates, and no extra collateral. On top of the finance offering we offer you the most competitive insurance cover with rates as low as 3.8%, up to KES 5M for goods in transit cover, and a No Blame, No Excess advantage. At Stanbic we empower your business to grow!
Some of the benefits
No Collateral
The leased asset constitutes collateral for the facility
Immediate Access
Benefit to use of the leased asset while it is not fully paid for
Flexible Terms
Flexible financing terms up to 72 months* Depending on the type and age of asset being financed
Insurance Premium Financing
IPF is available to assist in acquiring insurance for the asset with automatic reminders of insurance expiry
What you get
Financing:
- Flexible financing terms for up to 72 months with zero processing fees
- Competitive interest rates in both local and foreign currency
- Financing of new machinery, office and medical equipment
- Financing of both new and used motor vehicles ranging from saloons and pick-ups to prime movers and earth movers.
Insurance:
- Competitive premiums starting from as low as 3.8% of the insured value,
- Goods-in-transit (all risks) cover of up to KES 5 million
- Personal accident cover of up to KES 40,000 per person for drivers and loaders.
- Comprehensive geographic coverage across all East African countries, including the DRC and COMESA.
- A “No blame, no excess” feature designed to streamline claims and reduce administrative burdens.
Business Requirements
- Loan application form
- Copies of the company Certificate of Incorporation, Company PIN Certificate, latest CR12 form, all Directors ID and PIN certificates, and Memorandum & Articles of Association
- Latest 6 months bank statements (12 months if incomes are erratic/irregular)
- Proforma Invoice from supplier
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What you get
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Business Requirements
Financing:
- Flexible financing terms for up to 72 months with zero processing fees
- Competitive interest rates in both local and foreign currency
- Financing of new machinery, office and medical equipment
- Financing of both new and used motor vehicles ranging from saloons and pick-ups to prime movers and earth movers.
Insurance:
- Competitive premiums starting from as low as 3.8% of the insured value,
- Goods-in-transit (all risks) cover of up to KES 5 million
- Personal accident cover of up to KES 40,000 per person for drivers and loaders.
- Comprehensive geographic coverage across all East African countries, including the DRC and COMESA.
- A “No blame, no excess” feature designed to streamline claims and reduce administrative burdens.
- Loan application form
- Copies of the company Certificate of Incorporation, Company PIN Certificate, latest CR12 form, all Directors ID and PIN certificates, and Memorandum & Articles of Association
- Latest 6 months bank statements (12 months if incomes are erratic/irregular)
- Proforma Invoice from supplier