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Business News of Wednesday, 12 March 2014

Source: GNA

Stanbic Ghana launches vehicle finance scheme

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Stanbic Bank, in partnership with various accredited car companies, has launched a vehicle finance scheme that would enable individual customers to buy brand new vehicles and pay for them overtime.

The unique solution offers customers between 25,000 Ghana cedis and 100,000 Ghana cedis to buy any car of their choice from the partner car dealers.

Some of the accredited vehicle suppliers in the partnership include Japan Motors, CFAO, Mechanical Llyod, and Rana Motors.

Nana Benneh, Head of Personal and Business Banking, said the promotion was aimed to make a difference in customers lives and help solve vehicle financing requirements.

He said by choosing to purchase asset from any of these suppliers or dealers, the customer stood the chance to enjoy many benefits that they would otherwise not receive when they deal with a non-accredited dealer.

Nana Benneh said the bank would work out a plan for the customer based on an assessment of finances, adding that the bank could finance 100 percent or asked for a deposit for the vehicle while the payment would be structured between 60 and 72 months.

He said Stanbic Ghana had numerous initiatives to meet the needs of customers and that the Vehicle Finance Scheme was one such promotions.

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