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FNB Zambia, Vehicle Centre Zambia to provide affordable vehicle financing

• VAF partnership will provide customers with flexible and affordable financing for brand new vehicle purchases.
• It comes on the back of FNB’s improved VAF offering and increased lending appetite in the market.
• Clients will be able to enjoy special payment plans for as low as K125 per day with 24 to 60 months repayment.

First National Bank (FNB) Zambia has pledged continued commitment towards supplementing government efforts of driving positive economic growth.
Speaking during the Vehicle and Asset Financing (VAF) partnership announcement between FNB and Vehicle Centre Zambia, Bank Head of Strategic Marketing and Communications Kasali Kaingu said the financial institution has committed additional funds for loans, advances, and project financing, across all economic sectors which will be disbursed to qualifying individuals, SMEs and cooperate customers.
Mrs. Kaingu explained that FNB Zambia’s VAF partnership with Vehicle Center Zambia will provide customers with flexible and affordable financing for brand new vehicle purchases.
She added that the partnership comes on the back of the Bank’s improved VAF offering and increased lending appetite in the market, allowing customers to unlock and harness the prevailing growth opportunities.
“This exciting partnership reinforces our ethos of offering real help and more value to our customers through our products and services. As a Bank that understands our customers’ ever-changing needs, we continue to study the market to understand and get feedback from our valued customers so that we meet their diverse needs. We remain committed to complementing Government efforts of driving positive growth in the economy,” Mrs. Kaingu said.
And Vehicle Center Zambia Chief Operations Officer, Frederick Roux said the partnership will enable Zambians to access good vehicle financing, thereby amplifying the firm’s commitment to diversify the vehicle offering into the local market while ensuring quality assurance.
He stated that the Suzuki models being to withstand the local conditions and are an addition to the company’s existing portfolio of models.
“With FNB, our clients will now be able to enjoy special payment plans for as low as K125 per day with 24 to 60 months repayment. We are talking of providing vehicle financing from US$240 per month, with special terms granted by our FNB partner.”
“Suzuki is one of the top 10 automotive manufacturer in the world with around 3 million units sold per year. Suzuki is also the most reliable and affordable Japanese brand available on the market,” Mr. Roux said.

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