SBM Bank Kenya has entered into a financing agreement with Caetano Kenya to boost access to new vehicles and equipment for businesses and individuals, in a move aimed at easing the burden of high upfront costs.
Through the partnership, SBM Bank will finance up to 100 percent of the cost of selected models, including JMC, KIA, Hyundai, Ford, Renault, Renault Trucks, and Hyundai Forklifts.
Loan amounts will start from Sh300,000 with repayment terms of up to 72 months. Customers will also enjoy a 60-day moratorium on their first installment, while interest will be pegged at the bank’s base lending rate of 17.35 percent plus one percent.
Caetano Kenya Managing Director Aurelien Glay said the collaboration will help small and medium-sized enterprises (SMEs) and individuals struggling with heavy capital requirements.
“This partnership directly addresses those pain points, making it possible for customers to access the assets they need without compromising their cash flow,” he noted.
SBM Bank Kenya’s Director of Corporate and Institutional Banking Eric Wambua said the deal supports the lender’s mission to empower growth in households and businesses.
“Vehicles and equipment are not just purchases—they are investments that drive growth, create opportunities, and improve livelihoods. By offering competitive financing terms and a wide range of options through Caetano Kenya, we are helping customers turn their ambitions into reality,” Wambua said.
