• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

Co-operative Bank Partners With Toyota To Allow 95% Financing For The Purchase Of Its Vehicles

Kenyan Business Feed by Kenyan Business Feed
Co-operative Bank Partners With Toyota To Allow 95% Financing For The Purchase Of Its Vehicles
Share on FacebookShare on Twitter
  • Acting Director, Corporate and Institutional Banking at Co-op Bank Jackie Waithaka with Managing Director Toyota Kenya Arvinder S. Reel at the launch of the joint financing deal that will offer up to 95% financing for the purchase of Toyota vehicles.

The Co-operative Bank of Kenya has announced a new partnership with Toyota Kenya that will enable the bank’s customers to purchase commercial and personal vehicles under Toyota Kenya’s portfolio with a down payment of as low as 5 per cent.

The strategic scheme put in place to aid business and individuals recover from the ravages of the coronavirus pandemic will be able to finance up to 95 per cent of the total cost of the loan. Customers will also be able to enjoy a grace period of 60 days before they begin to pay back the loan.

“Repayment of the loan is for a long period of up to 60-months. Co-op Bank will also extend a Kshs. 500,000 working capital loan – without additional security – to the successful applicants of the Toyota Vehicles,” read a statement from Co-op Bank.

The new partnership also opens new doors for fleet customers under Coop Fleet Africa, the leasing arm of Co-operative Bank Group, to be able to acquire more units. This is an amplification of an existing deal that only covers the commercial segment with the financing of the Hiace van and Hilux pickups.

Managing Director Toyota Kenya, Arvinder Reel that the pandemic was an eye-opener and brought the need to support crucial sectors of the economy.

“Our partnership with Co-op Bank goes beyond just the sale of the vehicles. We are saying this is an improved partnership since customers will also receive professional training for their drivers under the Toyota Advanced Driving programme and the Yamaha Riding Academy, for those who purchase the Yamaha motorbikes,” said Mr Reel.

Co-op’s Director of Corporate and Institutional Banking, Mrs Jacquelyne Waithaka said that the scheme is available for those customers who want direct acquisition of the vehicles, or for leasing. 

The bank has made the terms flexible to accommodate MSME’s, Co-operatives, Corporate, 
Individuals and Farmers, to support them rebuild their businesses as the economy re-opens.

Co-op’s interest rate remains at 13 per cent.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

KAMARA: Break the ‘woman’s role’ shackle for true empowerment

May 19, 2019
Explore Esops to retain talent in health sector

Explore Esops to retain talent in health sector

June 11, 2019

Subscribe.

Trending.

Tourism CS Rebecca Miano on Tuesday convened coastal public-private stakeholders in Mombasa to accelerate Kenya’s MICE sector growth, announcing progress on re-establishing the Kenya National Convention Bureau and urging youth-led innovation in tourism.

Kenya Ramps Up MICE Sector Reforms as CS Miano Confirms Convention Bureau Revival

July 1, 2025
Safaricom’s SIG Forum empowers SMEs with branding insights from 3Verse Kenya, showcasing award-winning campaigns and inclusive business support.

Safaricom’s SIG Forum Empowers SMEs as 3Verse Kenya Shares Award-Winning Branding Strategies

June 23, 2025
PLP and Safaricom Graduate 300 Youth in Push for Digital Talent Development Across Kenya

PLP and Safaricom Graduate 300 Youth to Boost Kenya’s Digital Talent Pipeline

June 23, 2025
Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

June 23, 2025
Safaricom launches new credit solutions, Fuliza Biashara, Taasi Till, and Taasi Pochi—to expand MSME access to financing and boost financial inclusion.

Safaricom Unveils New Credit Solutions to Boost MSME Financing in Kenya

June 23, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1803 shares
    Share 749 Tweet 439

Recent News

Kenya elected to the UN Tourism Executive Council for the 2025–2029 term, marking a diplomatic breakthrough that elevates its role in shaping global travel governance and sustainable tourism policy.

Nairobi Ascends to UN Tourism Executive Council After Strategic Bid Poised to Shape Global Industry Agenda

July 1, 2025
Tourism CS Rebecca Miano on Tuesday convened coastal public-private stakeholders in Mombasa to accelerate Kenya’s MICE sector growth, announcing progress on re-establishing the Kenya National Convention Bureau and urging youth-led innovation in tourism.

Kenya Ramps Up MICE Sector Reforms as CS Miano Confirms Convention Bureau Revival

July 1, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF