Dar es Salaam. Exim Bank Tanzania has partnered with Toyota to roll out a new vehicle financing solution aimed at making car ownership more accessible and affordable for Tanzanians.
The partnership introduces a tailored financing package that allows individuals and businesses to acquire both brand-new and pre-owned vehicles with minimal upfront costs and flexible repayment terms of up to six years.
Speaking during the signing ceremony, Exim Bank’s Head of Retail Banking, Andrew Lyimo, said the collaboration reflects the lender’s strategy to offer practical, customer-focused financial solutions.
“At Exim Bank, we are focused on going beyond traditional banking by providing solutions that respond directly to the everyday needs of our customers. This partnership with Toyota allows us to simplify vehicle ownership by offering flexible financing options that ease the financial burden while supporting both personal mobility and business growth,” he said.
Under the arrangement, the bank will finance up to 80 percent of a vehicle’s purchase price, with repayment plans structured to suit different customer segments. The offering is expected to benefit salaried individuals, entrepreneurs, small and medium-sized enterprises (SMEs), and corporate clients seeking reliable transport without straining their cash flow.
A representative from Toyota, General Manager William Kadiva, said the partnership would expand access to quality vehicles in the country.
“Our collaboration with Exim Bank is a significant step towards making Toyota vehicles more accessible to a wider range of customers. By combining our trusted vehicle solutions with flexible financing, we are empowering more Tanzanians to own reliable vehicles that support their daily lives and business operations,” he said.
Customers will be able to access the financing solution through Exim Bank branches and Toyota Automark showrooms nationwide, where they can explore available options and begin the application process.
The partnership underscores a growing trend among financial institutions and automotive dealers to offer integrated solutions that enhance mobility while supporting business growth and economic activity.
