Equity Bank Rwanda Plc and Toyota Rwanda Ltd have launched a new strategic vehicle financing partnership to provide accessible and affordable vehicle financing solutions for new and used Toyota vehicles, making car ownership more attainable for individuals, SMEs, and institutions across Rwanda.
The partnership was officially unveiled on Monday, October 20, at Toyota Rwanda’s headquarters in Karuruma, Kigali, during a ceremony attended by officials, staff, and partners from both institutions. The agreement was signed by Eric Rutabana, Equity Bank Rwanda’s Commercial Director, and Nenad Predrevac, Managing Director of Toyota Rwanda Ltd.
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Under this collaboration, customers will be able to access flexible and competitive auto loans through Equity Bank Rwanda’s personal and business banking services. The loan packages include comprehensive vehicle insurance, enabling customers to drive with peace of mind and confidence.
In addition, the offering comes with a quick turnaround time for loan approvals, ensuring a faster and more efficient path to vehicle ownership. Customers will also benefit from Toyota’s manufacturer’s warranty and trusted after-sales service, reinforcing the reliability of their investment.
According to Rutabana, the partnership aims to simplify the financing process and reduce the overall cost of vehicle ownership while offering a one-stop solution for financing, insurance, and after-sales support.
“We combined all these services to allow a seamless process for owning a car and ensuring that the rates are low,” Rutabana said, adding that loan amounts and repayment plans will depend on the client’s income and repayment capacity.
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He encouraged individuals, small and medium enterprises (SMEs), and transport sector investors to take advantage of the scheme to expand their operations and improve service delivery.
“Whether it is an individual purchasing their first vehicle, a growing business expanding its operations, or an institution seeking dependable transport solutions, this collaboration presents a practical and empowering opportunity,” he said.
Rutabana emphasised that the partnership reflects Equity Bank’s broader commitment to promoting financial inclusion and contributing to Rwanda’s socio-economic transformation.
“By partnering with Toyota Rwanda Ltd, we are not only enabling easier access to vehicle ownership but also contributing to the broader national agenda of increased mobility, productivity, and economic empowerment,” he added.
“Equity Bank is proud to offer financing solutions that are accessible, flexible, and backed by trusted brands. This is more than just a loan product; it’s a pathway to opportunity and progress.”
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On his part, Nenad Predrevac, Managing Director of Toyota Rwanda Ltd, described the partnership as a timely solution that bridges a critical financing gap for Rwandan customers.
“At Toyota Rwanda Ltd, our mission has always been to deliver quality vehicles and trusted service to the Rwandan market. We are proud to partner with Equity Bank Rwanda Plc to launch financing solutions that address a real and growing need in the market,” he said.
“Through this partnership, customers will now have a seamless experience from vehicle selection to financing, making the dream of owning a Toyota vehicle more achievable than ever before.”
Predrevac further revealed that the partnership is open-ended and will evolve based on market trends and customer feedback. He also announced upcoming initiatives such as a trade-in offer, allowing clients to bring in older vehicles and top up to acquire new models.
After the signing ceremony, test drives of various Toyota models were conducted. The partnership marks a significant step in reshaping how Rwandans access reliable mobility solutions. It combines world-class automotive engineering with inclusive and innovative financial services, providing a complete customer journey from vehicle selection to financing and post-purchase support.
Equity Bank Rwanda Plc, one of the country’s leading financial institutions, operates 36 branches nationwide and is renowned for offering innovative and transformative financial products that empower individuals, businesses, and communities.
The bank reaffirmed that the partnership with Toyota Rwanda will offer customers competitive terms, simplified processes, and the assurance of working with two trusted brands committed to quality, convenience, and customer satisfaction.
