Exim Bank and GF Automobile partner to simplify vehicle acquisition 

DAR ES SALAAM: Exim Bank Tanzania has announced a strategic partnership with GF Trucks & Automobile Limited, designed to transform vehicle ownership in Tanzania by offering accessible, budget-friendly, and customer-centric financing options.

The collaboration reinforces Exim Bank’s commitment to delivering more than traditional banking services by providing practical solutions that simplify life and respond to the evolving needs of Tanzanians and the economic landscape at large.

According to a statement issued by the bank stated that this allows a new partnership with Exim Bank customers, individuals and businesses to acquire brand-new vehicles with minimal upfront costs while benefiting from flexible, manageable monthly installments with repayment periods of up to 6years.

Speaking at the signing ceremony, the Chief Financial Officer at Exim Bank, Shani Kinswaga said that at Exim Bank, their clients are at the heart of everything they do and for that they are committed to going beyond traditional financial services to simplify customers’ lives through the partnership.

“Acquiring a vehicle has never been easier. From financing to registration and insurance, everything is handled seamlessly so our clients can walk in with a need and walk out with a solution,” he stated.

A standout feature of the partnership is its end-to-end convenience where customers no longer need to engage multiple service providers, as Exim Bank and GF Automobile work together to handle the entire acquisition process —from loan approval and supply of vehicles to registration, insurance, and delivery.

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The integrated approach ensures a smooth, efficient, and transparent experience.

For his part, Mr Mujtaba Karmali from GF Automobile added said that the collaboration with Exim Bank delivers real value to customers who dream of vehicle ownership but are held back by upfront costs.

“By combining our high-quality offerings with Exim’s flexible financing, we are making ownership a reality for more Tanzanians. This partnership empowers individuals and businesses while supporting economic growth and mobility,” he stated.

The initiative is designed to benefit a wide range of customers, from individual buyers to SMEs and corporate clients who need reliable transportation solutions without disrupting working capital. By facilitating easy access to vehicles, the partnership supports economic activity and productivity while enabling businesses to expand efficiently.

For Exim Bank, this collaboration reinforces its position as a bank that delivers beyond financial services, offering practical solutions that improve daily living. For GF Automobile which includes both Hyundai and Mahindra brands, it strengthens market reach by leveraging Exim Bank’s extensive customer base. 

Together, the two customer-centric institutions share a mission: to make vehicle ownership convenient, transparent, and sustainable. By combining their expertise and resources, Exim Bank and GF Automobile are setting a new benchmark in the Tanzanian automotive market transforming acquisition into a trusted, efficient, and empowering experience for all.

Customers can visit any Exim Bank branch or GF Automobile showroom nationwide to explore financing options and start their vehicle ownership journey today.