Motors · 7 October 2026
Bank of Baroda & SimbaCorp Partnership
On 2nd October 2026 , we successfully launched our partnership with Bank of Baroda, marking an important milestone in our journey to provide enhanced financing solutions for our customers.
Simba Corp Motors and Bank of Baroda have signed a Memorandum of Understanding (MoU) to provide customers with flexible and competitive asset financing solutions, making it easier for businesses and individuals to acquire vehicles without having to raise the full purchase price upfront.
Under the partnership, customers can access financing of up to 95% of the vehicle purchase price, with competitive interest rates starting from 13.8% p.a., subject to the prevailing CBR and individual risk profile.
Businesses purchasing commercial vehicles, including trucks, buses, light commercial vehicles and fleet solutions, can benefit from repayment periods of up to 84 months. Individuals purchasing passenger vehicles can access financing with repayment periods of up to 60 months.
Customers may also benefit from a repayment holiday of up to six months, subject to approval, while the partnership offers no processing fees and the option to finance 100% of the insurance premium.
For business customers, additional working capital facilities are also available, providing further financial flexibility to support business growth and operations.