Stanbic, Tata ink vehicle purchasing financing deal
Published On January 13, 2022 » 395 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA –
STANBIC Bank Zambia has signed a partnership agreement with Tata Zambia Limited to offer affordable payment terms for vehicle and asset financing of as low as five per cent deposit.
This would allow customers acquire a range of commercial vehicles with deposits as low as five per cent and with 60 monthly instalment. The deal which was signed yesterday in Lusaka would offer flexible vehicle and asset finance for Tata and Daewoo models throughout the country. Stanbic Bank Zambia head of client solutions Chanda Mwila said businesses in the country had been impacted by lack of readily available capital to acquire assets such as equipment and vehicles.

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