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Kia, Diamond Bank partner on auto loan scheme

Diamond Bank

In a bid to make owning a new car easy, accessible and affordable for all, Kia Motors Nigeria is partnering with Diamond Bank to offer an auto loan scheme to potential customers starting from as low as N37,000 monthly payment plan.

The auto finance scheme is premised on the success of  previous partnership that paved way for many people to own a Kia of their choice. The partnership is aimed at giving an auto financing experience that is simplified and significantly enhanced for the customer.

READ ALSO: ‘Diamond Bank started by identifying a segment of the population that nobody wanted’

According to Sandeep Malhotra, the chief commercial officer of Kia Motors Nigeria, “the key motive behind this partnership is to bring car enthusiasts under the fold. This partnership will phase out tedious loan processing with flexible repayment plans, hassle-free documentation and quick processing to suit customers’ needs and most importantly give the best payment plan option starting from N37,000 monthly repayment plan.”

Kia Motors Nigeria has remained the leading automobile company in the country to offer seamless auto finance schemes to her discerning customers with flexible payment options. In view of this, the recently signed partnership agreement with Diamond Bank allows customers to get a new Kia car with 20 percent equity contribution.

With this collaboration, customers will get free vehicle registration, fixed repayment plan, no management fee, no commitment fee and a free smart phone on every purchase. “We’ve also worked out flexible payment plan options to enable our customers get any Kia car of their choice,” said Sandeep.

The scheme starts from the 14th of November will end on the 31st of December, 2014. It will pave way for both new and existing customers of the brand to own a new vehicle of their choice in celebrating the Yuletide period.

With this scheme, customers can own a Rio or Picanto from as low as N37,000 fixed monthly repayment plan or Cerato, Optima and Sportage from as low as N57,000, N86,000 and N97,000 respectively. Over 2.5 million Kia vehicles a year are produced in 15 manufacturing and assembly operations in 10 countries.