Stanbic Bank, Salvador Caetano Kenya Expand Vehicle Financing To Improve Asset Ownership

Stanbic Bank Kenya and Salvador Caetano Kenya have expanded their vehicle financing partnership, introducing enhanced terms aimed at increasing access to asset ownership for individuals and businesses amid tightening credit conditions.

The revised agreement will allow customers to access up to 100% vehicle financing, zero facility fees, and repayment tenures of up to 96 months on vehicles purchased from Salvador Caetano Kenya.

The move builds on several years of collaboration between the two institutions, including 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 enhanced offering is designed to address affordability constraints and support business growth.

“Extended tenures, zero facility fees, and full financing materially lower the cost of asset acquisition for our customers. This partnership strengthens our role in supporting enterprise growth, productivity, and long-term investment.”

Salvador Caetano Kenya represents multiple global automotive brands, including Ford, Hyundai, Kia, Renault, JMC, and Chery, serving passenger, commercial, and electric vehicle segments. Its portfolio includes electric models such as the Hyundai Kona and Kia EV5, aligning with growing demand for cleaner mobility solutions.

According to Salvador Caetano Kenya Managing Director Aurelien Glay, the expanded financing framework will improve cash flow predictability for buyers.

“By combining flexible repayment periods of up to 96 months with a grace period of up to 60 days, this partnership will enable customers to better align vehicle investment with business performance.”

In addition to zero facility fees, the financing package will include a repayment holiday of up to 60 days, easing short-term liquidity pressure for buyers.

The enhanced partnership is expected to support fleet expansion, commercial transport, and access to modern vehicles across key sectors of the Kenyan economy, while contributing to the gradual transition toward more sustainable mobility.

Read Also: Stanbic Bank and Safaricom Announce USD 138 Million Partnership