NCBA Bank has entered into a strategic partnership with Salvador Caetano Kenya Limited through the signing of a Memorandum of Understanding aimed at expanding access to vehicle financing in Kenya’s evolving mobility market. The collaboration introduces a structured asset financing programme designed to support both personal and commercial customers seeking premium internal combustion engine vehicles as well as electric mobility solutions.
The agreement comes at a time when demand for flexible vehicle ownership models continues to grow among businesses and individual consumers navigating rising transport needs and shifting preferences toward cleaner mobility options. Under the arrangement, customers purchasing vehicles through Salvador Caetano Kenya will be able to access financing solutions with higher funding thresholds, longer repayment periods, and reduced upfront financial pressure.
For personal internal combustion engine vehicles, the scheme offers financing of up to 100 percent, while commercial units will qualify for financing of up to 95 percent. Customers will also benefit from repayment periods of up to 84 months alongside discounted processing fees, creating more accessible pathways to vehicle ownership for both SMEs and private buyers.
The partnership further strengthens access to globally recognized automotive brands represented by Salvador Caetano Kenya, including Hyundai, Kia, Ford, JMC, and Chery.
A major focus of the collaboration is the acceleration of electric vehicle adoption in Kenya. The financing package includes dedicated support for electric vehicle models such as the Kia EV6, Hyundai IONIQ 5, and Hyundai Kona EV. Buyers opting for these models will access financing of up to 90 percent with repayment periods extending up to 60 months.
Speaking during the announcement, Lennox Mugambi said the partnership reflects NCBA’s commitment to developing practical financing solutions that respond to changing customer needs while supporting future mobility trends. He noted that the collaboration is intended to make vehicle ownership more attainable through flexible financing structures tailored to both personal and business customers.
Aurélien Glay described the agreement as an important step in simplifying the customer journey by integrating financing directly into the vehicle purchasing process. He added that the partnership will support growing interest in sustainable mobility solutions as the Kenyan market gradually shifts toward greener transportation alternatives.
