United Finance, Toyota Bangladesh join hands on car financing

Detailed summary

United Finance PLC has signed a memorandum of understanding (MoU) with Toyota Bangladesh Limited, the authorised distributor of brand-new Toyota vehicles, genuine parts and…

United Finance PLC has signed a memorandum of understanding (MoU) with Toyota Bangladesh Limited, the authorised distributor of brand-new Toyota vehicles, genuine parts and after-sales services in Bangladesh, to offer convenient car loan facilities to Toyota customers.

Under the MoU, customers purchasing Toyota vehicles will be able to access transparent and convenient car loans from United Finance.

Premmit Singh, president and managing director of Toyota Bangladesh, and Mohammed Abul Ahsan, acting managing director of United Finance PLC, signed the MoU at Toyota Bangladesh's head office in Dhaka today, according to a press release.

At the event, Ahsan said, "United Finance has been a partner in the progress of consumers in Bangladesh for more than three decades."

“This partnership enables us to take another step forward and serve the valued customers of the country’s most reliable and preferred vehicle brand.”

“We are delighted to offer transparent and convenient car loan facilities to these customers,” he added.

The partnership makes the 37-year-old, AAA-rated United Finance a financing partner of one of the country’s most preferred and reliable vehicle brands.

Yusuke Ogino and Syed Asifur Rahman, vice-presidents of Toyota Bangladesh; Shahood Mustansir, head of sales; Mohamad Monir Uddin, chief business officer of United Finance; Rahat Amjad, chief risk officer; and Mohammad Hedayetur Rahman, head of car loans, were also present at the signing ceremony.

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