Hyundai, Diamond Bank Partner on Vehicle Acquisition Scheme

88 views0

Hyundai, Diamond Bank Partner on Vehicle Acquisition Scheme

By Correspondent

Hyundai Motors Nigeria Limited (HMNL) and Diamond Bank Plc have formed a partnership with the aim of providing finance for acquisition of vehicles manufactured in Nigeria. According to HMNL the scheme has a low interest rate from 14 percent and is meant to encourage perceptive customers and fleet buyers to buy precision engineered and affordable cars which are also made-in-Nigeria Hyundai vehicles. The company also said that to further encourage customers, the scheme has no commitment and management fees. Hyundai Motors Nigeria, manufacturers and distributors of Hyundai vehicles and Diamond Bank revealed while announcing the scheme in Lagos, that the scheme has convenient monthly repayment tenor of 12 to 36 months, depending on the customer’s payment option. They further added that comprehensive insurance of 3.5 percent of the vehicle cost will be borne by the customer, adding that customers would be offered free registration, free service for six months or 10,000kms and five years or 100,000kms (whichever is first). Diamond bank and HMNL brokered this agreement in Lagos while launching the scheme. 

Discover more from NewsBreakers

Subscribe to get the latest posts sent to your email.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Previous
Next

Comments are closed.