SBM Bank Kenya and Caetano Kenya have signed an agreement that will facilitate the acquisition of new vehicles and equipment for individuals and businesses through tailored financing solutions.
Under the collaboration, SBM Bank will finance up to 100% of selected new vehicles and equipment costs, including models from JMC, KIA, Hyundai, Ford, Renault, Renault Trucks, and Hyundai Forklifts.
SBM Bank Kenya-Caetano partnership
Financing will be available for terms of up to 72 months, with loan amounts starting from Ksh 300,000. Customers will have the option of a 60-day moratorium on their first instalment upon request, and an interest rate pegged at the Bank’s Base Lending Rate (currently 17.35%) plus 1%.
The financing will also be complemented by comprehensive motor cover for private and commercial vehicles at affordable rates and insurance premium financing to make payments affordable over 10 months.
“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. These barriers often delay crucial investments in mobility and productivity. This partnership directly addresses those pain points, making it possible for customers to access the assets they need without compromising their cash flow,” said Caetano Kenya Managing Director, Aurelien Glay.
Why Kenyan businesses struggle to acquire vehicles
Across Kenya, many businesses—especially SMEs—and individual buyers struggle to acquire vehicles and operational equipment due to the high upfront costs, limited access to affordable financing, and the strain such purchases can place on working capital. The challenge not only delays important investments in transport and productivity but can also hinder business growth and competitiveness.
Eric Wambua, Director – Corporate and Institutional Banking, SBM Bank Kenya, noted that the partnership aligns with the Bank’s strategy to empower both businesses and individuals.
“We understand that vehicles and equipment are not just purchases—they are investments that drive growth, create opportunities, and improve livelihoods. By offering competitive financing terms and a wide range of options through Caetano Kenya, we are helping customers turn their ambitions into reality,” he added.
The collaboration comes at a time when demand for efficient transport and operational assets is growing, particularly among SMEs and corporate fleets. The arrangement will provide customers with a one-stop solution—from selection at Caetano Kenya to financing through SBM Bank.
