NCBA,Caetano Kenya Accelerates Access to Electric Vehicles

• Key Financing Highlights:
  • ICE Vehicles: Up to 100% financing for personal use and 95% for commercial units.
  • Electric Vehicles: Up to 90% financing for models like the KIA EV6 and Hyundai IONIQ 5.
  • Repayment Terms: Flexible periods up to 84 months for standard vehicles and 60 months for EVs.
  • Processing: Discounted fees for all qualifying customers.
• NCBA and Salvador Caetano Kenya Limited Partner to Accelerate Access to Premium and Electric Vehicle Financing in Kenya;

NCBA Bank has signed a strategic Memorandum of Understanding (MoU) with Salvador Caetano Kenya Limited, one of East Africa’s leading automotive distributors.

This partnership introduces a structured Asset Financing Scheme to expand access to premium internal combustion engine (ICE) vehicles and electric vehicles (EVs) for both personal and commercial use.

The partnership reinforces NCBA’s position as Kenya’s leading asset finance provider while supporting the country’s transition towards sustainable mobility solutions through flexible, customer-centric financing.

The scheme includes financing of up to 100% for personal vehicles and up to 95% for commercial units, flexible repayment periods of up to 84 months, and discounted processing fees.

Through the partnership, customers purchasing vehicles from Salvador Caetano Kenya Limited will benefit from tailored financing solutions for a wide range of passenger and commercial vehicles from globally recognised brands, including Hyundai, Kia, Ford, JMC, and Chery.

Customers purchasing EV models such as the KIA EV6, Hyundai IONIQ 5, and Hyundai Kona EV will access financing of up to 90%  with a repayment period of up to 60 months.

Speaking during the signing ceremony, NCBA Group Director,Asset Finance & Business Solutions,Lennox Mugambi, said the partnership reflects NCBA’s commitment to empowering customers and businesses through innovative financing solutions that support both economic growth and sustainable development.

“At NCBA, we believe in the power of partnerships to ignite belief and empower ambitions.This collaboration with Salvador Caetano Kenya Limited places customers at the centre of practical, flexible financing solutions that make vehicle ownership more accessible and aligned to their needs today and into the future.

As the market leader in asset finance with a Hire Purchase market share of 35.4% as of April 2026, we remain committed to delivering solutions that support individuals, SMEs, and corporates in achieving their aspirations while accelerating Kenya’s transition towards sustainable mobility,” said Mugambi.

The NCBA–Salvador Caetano Kenya Limited Asset Financing Scheme targets a broad customer base, including retail customers, SMEs, corporate fleet buyers, logistics operators, and organisations seeking to transition towards sustainable fleet solutions.

Salvador Caetano Kenya Limited , Managing Director, Aurélien Glay, noted that the partnership will enhance customer convenience and affordability at the point of sale while supporting the growth of modern mobility solutions in Kenya.

“Our partnership with NCBA marks an important milestone in making vehicle ownership more accessible to customers across Kenya.

By integrating competitive financing solutions directly into the customer journey, we are creating a seamless experience for both retail and business customers seeking reliable, premium, and sustainable mobility solutions.

We are particularly excited about supporting the adoption of electric vehicles as the market steadily evolves towards greener transportation,” said Glay.

The collaboration further strengthens NCBA’s dealer financing ecosystem and demonstrates the Bank’s continued investment in integrated, end-to-end financing solutions that enhance customer access at the point of sale.

The partnership comes at a time when Kenya is experiencing growing demand for flexible vehicle ownership solutions and increased interest in cleaner, sustainable mobility alternatives.