Kia Motors Nigeria has partnered foremost financial institution Stanbic IBTC Bank to enable buyers of Kia automobiles greater payment flexibility and the opportunity to overcome liquidity crunch and excess documentation requirements.
The finance scheme tagged ‘Drive Your Dream, Pay at Your Pace’ is in a bid to help people drive home their dream car despite the uncertainty rocking the Nigerian economy, ThisDay reported.
The growing number of loan defaulters as a result of the cash-strapped economy has deterred many commercial banks and car companies in rolling out car acquisition schemes.
“At Kia, we keep exploring different customer-oriented partnerships aimed at giving an exceptional car ownership experience and to make the process of vehicle financing to our customers flexible, easy and convenient. Our partnership with Stanbic IBTC is set up to bridge the gap between the customers’ budgetary restraints and the dream to own new cars,” said Olawale Jimoh, Marketing Manager, Kia Motors Nigeria.
Stanbic IBTC explained that its partnership with Kia goes beyond automobile financing. We’re committed to helping people become car owners, by offering a highly competitive interest rate and flexible repayment tenure. We are poised to eliminating the long processing time obtainable in others financial institutions and simplify the documentation requirements to make the customers drive their dream car,” read a statement from the Bank.