Equity Bank and Simba Corporation in asset financing deal

Simba Corporation and Equity Bank have announced a partnership where the bank will be offering up to 95 per cent financing on the FUSO trucks and buses. With minimum capital outlay, Equity account and non-account holders will acquire the vehicle through loan facilities from the bank.

In addition to the asset financing facility, clients will receive insurance premium financing (IPF). This eases the burden to make lump sum insurance premium payments through payment in affordable monthly installments.

Other benefits of the partnership include longer credit period of up to 60 months and competitive interest rates with no requirement for additional security. Speaking during the signing ceremony Simba Executive Director Dinesh Kotecha expressed excitement on partnering with the bank.