NIC Bank to finance importation of second-hand Japanese Cars

28 August 2018
(Source : The Business Outlook - Kenya 28th August 2018) NIC Bank has entered into a partnership with MHH Japanese Cars, a subsidiary of MHH International, to extend loans to customers who want to source for second-hand cars from Japan.


MHH International, NIC bank partnership to finance Japanese cars


The partnership will see the bank’s new and existing customers given financial muscle to import quality vehicles directly from Japan through a financing arrangement of up to 80% of the value of the vehicle.

Speaking during the announcement of the partnership, NIC Bank’s Executive Director Alan Dodd said the move to get into the partnership reaffirms the Bank’s commitment to remain as the premier one-stop financial institution catering to its customers’ diverse needs.

“As a customer centric bank, we keep exploring different partnerships aimed at giving exceptional car buying and ownership experiences and to make the process of vehicle financing to our customers flexible, dependable and convenient.”

Through the partnership, MHH Japanese Cars will source the vehicle identified by the customer and oversee the entire process, from inspection of the vehicle to the point where NIC Bank issues a release note to MHH for payment. This innovative offering allows the customer a wider choice of authentic vehicles with genuine mileage at competitive prices. Once identified, it will take up to 60 days to get the vehicle into the market.

MHH is a car dealership company that specialises in exporting, sourcing and shipping cars to various continents providing a secure, competitive and convenient option to the customers importing a car online.

The firm has been in the Kenyan market for almost 10 years specializing in sourcing and importing second hand vehicles for the local market and 13 other countries across Africa.

Alistair Benn, the CEO of MHH Japanese Cars said, “We are very excited to be extending our MHH partnership with NIC Bank to include quality Japanese cars. Our customers have been asking us to do this for some time and now through our website, we can offer both stock and auction cars with transparent pricing and condition reports. We are pleased to make buying Japanese cars more affordable, safer and simpler for customers who are interested in using NIC Bank financing solutions.”


MHH International, NIC bank partnership to finance Japanese cars