Dt Dobie

I&M Bank has entered into a partnership with DT Dobie to finance purchase of new Mercedes Benz vehicles for personal use. The details of this scheme are as seen below:

Eligibility

I&M Bank Clients and non – clients

Tenor

Maximum Period of 60 months

Finance Amount

Upto 90% of the total cost of the unit

Interest

KES: Prevailing CBR rate plus a margin of 4% p.a (Current CBR Rate is 9% p.a).

EUR: 3 Month EUR LIBOR + 9% p.a.

Age

Brand new Mercedes Benz vehicles and which includes demo cars

Repayment

Monthly installments to be debited direct from client’s operative account with I&M Bank.

Other Costs

Loan processing fee: 0% (Courtesy of DT Dobie and I&M Bank Ltd)

Insurance

To be processed by I&M Insurance Agency at a premium rate of 3%.
Insurance premium finanacing available at competitive rates.

Credit approvals are based on individual credit assessment and as per Bank Hire Purchase requirements.