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Dana Motors Limited, sole distributor of the Kia range of vehicles in the Nigeria and Diamond Bank Plc have announced an innovative vehicle financing plan that will enable customers to own Kia cars with ease.

The financing scheme makes it possible for customers to acquire any Kia vehicle with interest-free loans from Diamond Bank, while spreading repayment across 12 or 18 months.

The three-segment financing scheme also presents customers the opportunity of making down payment as low as 5 percent of the value of their choice of vehicles as well as reduced interest rates.

In addition to enjoying the reduced down payment option, customers applying under the low-interest offer will be entitled to up to 10 percent cash back on the value of the Kia financed.

Commenting on the scheme, Jacky Hathiramani, Managing Director, Dana Motors Limited, said: 'The partnership with Diamond Bank and the resultant financing scheme was borne out of our commitment to providing customers with quality products under flexible repayment

plans. Customers' convenience and satisfaction has always been our top priority and we will constantly seek ways to ensure that acquiring Kia cars is affordable and easy for them.'

Mrs Angela Okonmah, Group Head, Product/Retail Brand Services, Diamond Bank, describes the scheme as her organization's way of empowering Nigerians. She said: 'Diamond Bank as a leading customer-centric bank has been at the forefront in introduction of innovative products and services designed to meet customers' needs'.

She explained that the cash back offer covers customers applying under the low interest plan in Diamond Bank Plc and Dana Motors Kia Vehicle Acquisition Scheme. She also disclosed that the cash back funds will be placed into an interest yielding Savings Xtra account for

individual customers and held until the loan is fully repaid.