Skye Bank, Dana partner on auto finance deals
SKYE Bank Plc has signed an agreement with Dana Motors to launch an Auto Finance Scheme, which would empower customers of the commercial bank to purchase their choice of Kia brands from any Dana Motors outlet nationwide and make payment by instalments.
The scheme, according to Skye Bank, will allow the seamless and convenient acquisition of Kia range of products by customers, with applicants expected to make an equity contribution starting from as low as 20 per cent of the total value of the vehicle purchased, while 30 per cent down payment will be required for the self-employed.
Other benefits of the financing pact, according to the bank, include free first three services (inclusive of parts and labour); free car delivery on purchase (Lagos, Abuja, Port Harcourt and Kano); free tracking device installation and five years warranty.
It also include a loan tenor of maximum period of 4 years for employer while maximum period of 3 years for self-employed and fixed monthly repayment throughout the duration of the facility.
The Bank’s Head of Retail Banking Group, Mrs. Nkolika Okoli, who spoke at the unveiling of the partnership, in Lagos, said Dana has always been know for providing quality services especially regarding provision of Kia vehicles in the country.
She said we have entered into partner with Dana, and not just to provide an auto finance scheme or product, but a preposition with value to customers and end users.