I&M Bank has entered into a partnership with DT Dobie to finance purchase of new Mercedes Benz vehicles for personal use. The details of this scheme are as seen below:
Terms & Conditions
|Eligibility||I&M Bank Clients and non – clients|
|Tenor||Maximum Period of 60 months|
|Finance Amount||Upto 90% of the total cost of the unit|
|KES: Prevailing CBR rate plus a margin of 4% p.a (Current CBR Rate is 9% p.a).
EUR: 3 Month EUR LIBOR + 9% p.a.
|Age||Brand new Mercedes Benz vehicles and which includes demo cars|
|Repayment||Monthly installments to be debited direct from client’s operative account with I&M Bank.|
|Other Costs||Loan processing fee: 0% (Courtesy of DT Dobie and I&M Bank Ltd)|
|Insurance||To be processed by I&M Insurance Agency at a premium rate of 3%.
Insurance premium finanacing available at competitive rates.
Credit approvals are based on individual credit assessment and as per Bank Hire Purchase requirements.