Gulf African Bank / Toyotsu ink deal to facilitate Shari’ah compliant asset finance

 

The new strategic partnership allows customers to access Shari’ah compliant structured financing to buy all types of vehicles from Toyotsu Auto Mart Kenya their use.

Nairobi, 16^th March 2021 – Toyotsu Auto Mart Kenya a leading local car dealer of quality pre-owned vehicles has entered into a strategic partnership with Gulf Africa Bank, Kenya’s Premier Shari’ah compliant bank that will enable their customers to access financing that will facilitate the acquisition of vehicles for private use.

 

Under this partnership, customers will be able to enjoy different packages ranging from the standard package, deluxe package, and premium package with each package coming with unique value additions as per the terms and conditions.

 

Customers taking advantage of the standard package will enjoy various benefits including but not limited to a 60-day warranty, Kshs 20,000 free fuel, trade-in option, discounted maintenance service plan, Free AA membership while having all costs of insurance and installation of tracking devices covered along with a Credit card facility of Kshs 20,000. The Bank will finance 90% of the value of the vehicle and the customer 10% with a 6-year repayment term.

 

Deluxe package subscribers will enjoy up-to 1-year warranty, Kshs 50,000 free fuel in addition to all benefits being enjoyed by the standard package.

Premium package subscribers will enjoy free fuel worth Kshs 100,000 in addition to all standard and deluxe package benefits.

Interested customers who meet the requirements will enjoy a turnaround time (TAT) of 48 hours.

Speaking during the sign-off ceremony, Gulf African Bank’s Deputy CEO, Anuj Mediratta said, “Covid 19 has had a far-reaching impact on individuals and businesses alike. We understand that as a financial partner, healthy cooperation with like-minded partners like Toyotsu will go a long way in easing our customer’s financial pressures by offering them negotiated financing deals to ease their logistics challenges”.

‘Customers taking advantage of this partnership will have an opportunity to enjoy a lifetime car care experience for all their Japanese models, with free pre-delivery services in addition to all benefits specific to this agreement. All vehicles sold by Toyotsu are inspected by our specially trained inspectors and the inspection report is disclosed. Our customers are assured of the best quality, accident-free, and genuine mileage vehicles and a transparent process, said Yoichi Hashimoto, Toyotsu Auto Mart Kenya Managing Director.

Customers who are interested in getting financing can call or visit any Gulf African Bank branch countrywide or Toyotsu Auto Mark showrooms along Uhuru Highway or Toyotsu HQ at Toyota Business Park in South C, Nairobi.