Ecobank and Japan Motors launch a car financing offer in Togo

Economic governance
Friday, 19 May 2023 17:56
Ecobank and Japan Motors launch a car financing offer in Togo

(Togo First) - Ecobank and Japan Motors launched a car financing offer on 17 May 2023 in Lomé. The offer, aimed at employees and SMEs, should make it easier for the latter to get loans to buy cars. 

These car loans range from 8 million FCFA to 54 million FCFA, repayable over up to four years, at a rate of 7.5% to 8% depending on the customer's profile and the repayment period.

According to the agreement, the Pan-African Bank will make the credit available to the client and Japan Motors will provide the vehicles.  

"This credit is initiated to revitalize the Togolese car fleet and offer the population the possibility of acquiring quality machines that guarantee their safety," stressed Yvon Kpativor, General Manager of Japan Motors.

Esaïe Edoh

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