KIB offers the best financing on Chery cars
Continuously looking to meet its customers’ needs and support their aspirations in owning the newest car models from the best automotive brands, Kuwait International Bank (KIB) recently announced its renewed collaboration with Chery’s exclusive agent, Alghanim Motors Company (Chery Alghanim) – therefore extending its best financing offer on the most luxurious Chery car models. The offer includes the Chery Tiggo8 Premium, Chery Tiggo7 Luxury and Chery Arizzo6 Comfort.
Under this exclusive offer, which had witnessed an increasing demand from customers since its launch, KIB grants Sharia-compliant financing for the purchase of Chery cars over a 5-year repayment period. The offer also comes with a manufacturer warranty of up to one million km, and free maintenance for the first 50,000 km, as well as other exclusive benefits such as: free car registration, free third-party insurance, and 5 years of free roadside assistance.
In a statement from Ali Al-Hababi, Head of Auto-Sales at KIB, said: “We have been working relentlessly to provide innovative financing solutions to our customers with exclusive facilities, enabling them to benefit from our partnerships with the finest car dealerships and companies in Kuwait, and be able purchase the cars of their dreams. The Bank’s diverse suite of financing products and tools delivers numerous benefits and facilities that enrich the customer’s experience, and guarantees the added value that maintains our customers’ trust”.
Concluding his statement, Al-Hababi reaffirmed that KIB continues to expand and strengthen its fruitful partnerships with the most prominent car dealerships and companies in Kuwait. He also lauded the success achieved through KIB’s partnership with Alghanim Automotive Company, the exclusive agent of Chery cars (Chery Alghanim) over the past year, in fulfilling its customers’ aspirations in owning the latest car models, in line with their modern lifestyle.
Background Information
Kuwait International Bank
KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company. It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank.
As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.