CMC Motors group partners with Stanbic bank for a car financing deal

KENYA – The Cooper Motor Corporation (CMC Motors Group) has partnered with Stanbic Bank to offer financing to customers buying Ford vehicles over the next two-and-half months, report Business Daily. Customers are set to receive 100 percent financing in the payment scheme that will require buyers to repay the loan in six years. Stanbic is set to charge customers 13 percent per annum on the loans and make a one percent facility fee one-off upfront payment. Buyers will also have a 60-day repayment holiday and insurance will be issued through…

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