Diamond Bank partners Hyundai to offer credit facility to Nigerian fleet buyers


DiamondBankHyundai Motors Nigeria has signed an agreement with Diamond Bank Plc to offer credit facility to fleet buyers of the Korean brand of vehicles.

According to them, the initiative is aimed at helping interested patrons and fleet managers to access low-interest bank credit for the purchase of Hyundai vehicles without paying commitment and management fees.

They said this in a statement obtained via email on Monday, adding that the agreement was sealed in Lagos with the theme ‘Hyundai-Diamond Dream Deal: It’s time to own a brand new Hyundai.’

It said the scheme was designed to ease challenges associated with accessing bank credit to procure choice cars.

It quoted the Head of Sales and Marketing, Hyundai Motors, Jatin Nadkarni, as saying, “The credit scheme is in line with the Hyundai strategy and direction of making vehicle acquisition a seamless experience.”

He gave some of the benefits of the scheme for customers as free six months service including labour and consumables; interest rate as low as 14 per cent; discounted prices; five-year or 100,000km warranty and free Samsung Galaxy tab for every car purchased.

Nadkarni, who noted that credit facility had become a common practice in advanced markets, said, “Our goal is to encourage more prospective customers to buy new Hyundai vehicles, particularly now that the Federal Government is committed to the National Automotive Industry Development Plan.”

Hyundai Motors Nigeria listed some of the models that could be procured during the campaign as the Accent 1.4/1.6 litres; Grand Xcent i10 1.2 litres; Elantra 1.6/1.8 litres; Sonata 2.0/2.4 litres and Azera 2.4 litre cars. Others are premium Hyundai Genesis 3.8 litres with 2.0-litre powered iX35 and 2.4-litre Santa Fe.

He said there was no hidden agenda, stressing that Hyundai Motors-Diamond Bank Dream Deal was initiated to assist more customers including those without functional accounts with Diamond Bank to access the facility.

Nadkarni said, “What we are simply doing in collaboration with Diamond Bank is to help prospective buyers starve off the burden of sourcing funds in one fell swoop to buy a new car. Now, you can simply source credit to buy your choice car and thereafter pay at your convenience.


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