SBM Bank Kenya has unveiled a partnership with Caetano Kenya aimed at giving customers easier access to new vehicles and machinery through full financing options.

The arrangement allows the bank to cover up to 100 per cent of the cost of select models, including those from JMC, KIA, Hyundai, Ford, Renault, Renault Trucks and Hyundai Forklifts.

Loan packages will begin at Sh300,000 with repayment terms extending to six years.

Borrowers may also request a 60–day grace period before making the first instalment.

Credit pricing has been set at the lender’s base rate of 17.35 per cent plus one percentage point.

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Alongside the loans, the package includes comprehensive motor insurance for both commercial and private vehicles.

Insurance premium financing will also be offered, enabling clients to spread their payments across ten months.

During the agreement signing, Caetano Kenya’s Managing Director, Aurelien Glay, reflected on the obstacles that many buyers encounter when seeking vehicles or equipment.

“We have seen many customers, whether individuals or SME’s,face real challenges in acquiring quality vehicles and equipment due to high upfront costs and limited access to competitive financing," Glay stated.

"These barriers often delay crucial investments in mobility and productivity."

According to Glay, the partnership directly addresses those pain points, making it possible for customers to access the assets they need without compromise.

For many small and medium–sized firms, as well as individuals, the initial cost of vehicles and operational equipment is often prohibitive.

This in turn delays investments in transport, limits efficiency, and constrains growth potential.

From the bank’s side, Director of Corporate and Institutional Banking, Eric Wambua, stressed the wider importance of such financing.

“We understand that vehicles and equipment are not just purchases—they are investments that drive growth, create opportunities, and improve livelihoods," Wambua said.

"By offering competitive financing terms and a wide range of options through Caetano Kenya, we are helping customers turn their ambitions into reality.”

The two organisations argue that the collaboration comes at a crucial moment, with demand for efficient transport and operational assets on the rise.

By linking vehicle selection directly at Caetano Kenya with financing through SBM Bank, they aim to create a single streamlined solution for clients.