CMC, Stanbic sign car financing deal

A Ford Mustang at CMC showroom. FILE PHOTO | NMG

Stanbic Bank has partnered with motor dealer CMC Motors Group to offer financing to customers buying Ford vehicles over the next two-and-half months.

Customers are set to receive 100 percent financing in the payment scheme that will require buyers to repay the loan in six years. Stanbic is set to charge customers 13 percent per annum on the loans and make a one percent facility fee one-off upfront payment.

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