{"id":121463,"date":"2026-04-04T14:35:26","date_gmt":"2026-04-04T14:35:26","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/deepal-smart-evs-launch-hassle-free-financing-in-rwanda"},"modified":"2026-04-04T14:41:43","modified_gmt":"2026-04-04T14:41:43","slug":"deepal-smart-evs-launch-hassle-free-financing-in-rwanda","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/deepal-smart-evs-launch-hassle-free-financing-in-rwanda","title":{"rendered":"Deepal Smart EVs Launch Hassle-Free Financing in Rwanda"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Customers of I&M Bank Rwanda Plc as well as non-customers are set to benefit from a collateral-free vehicle financing deal, following a partnership with RwandaMotor, which has introduced Deepal, an intelligent electric and hydrogen vehicle brand, into Rwanda\u2019s automotive market.<\/p>\n

The partnership aims to enhance the driving experience through reduced noise, smoother operation, and faster, cleaner acceleration, while supporting Rwanda\u2019s green mobility ambitions, according to the parties.<\/p>\n

A new Deepal model that was unveiled during a cocktail event at RwandaMotor showroom in Gahanga held on April 1.<\/p>\n

During a cocktail event held on April 1 at RwandaMotor showroom in Gahanga, attended by clients, partners, and key stakeholders, a new Deepal model was unveiled, showcasing the latest innovations in sustainable mobility.<\/p>\n

At the event, both parties announced that under the \u201cAgiserera na I&M Bank\u201d partnership, the bank will finance up to 100 per cent of the cost of electric vehicles and up to 80 per cent for non-electric vehicles purchased from RwandaMotor. Customers are required to pay only a 20 per cent upfront deposit, with the remaining balance repayable over a flexible period of five years.<\/p>\n

Customers of I&M Bank Rwanda Plc as well as non-customers are set to benefit from a collateral-free vehicle financing deal, following a partnership with RwandaMotor. Dan Gatsinzi<\/p>\n

The purchased vehicle serves as the sole collateral.<\/p>\n

RwandaMotor is the official distributor of Changan Automobile \u2013 a Chinese vehicle manufacturer focusing on intelligent low-carbon mobility technology \u2013 in Rwanda.<\/p>\n

RwandaMotor is the official distributor of Changan Automobile \u2013 a Chinese vehicle manufacturer focusing on intelligent low-carbon mobility technology \u2013 in Rwanda.<\/p>\n

The Deepal brand, launched in 2022, focuses on intelligent new energy vehicles, including battery electric (BEV), range-extender (REEV), and hydrogen-powered technologies.<\/p>\n

Models unveiled<\/p>\n

According to Arsene Bruno Ntirandekura, Sales Manager at RwandaMotor, three innovative models were showcased:<\/p>\n

Deepal S07 \u2013 a fully electric SUV offering a driving range of approximately 485-620 km per charge (CLTC standard), advanced driver-assistance systems, and a premium digital cockpit. It is also available in a REEV version for extended range.<\/p>\n

Deepal S05 \u2013 a compact electric SUV designed for efficiency and modern lifestyles, delivering an estimated range of 450\u2013510 km per charge. It also comes in a REEV version for added convenience.<\/p>\n

Deepal G318 REEV \u2013 a powerful range-extended electric vehicle capable of exceeding 1,000 km combined range, designed for both urban use and off-road performance.<\/p>\n

Flexible financing for all clients<\/p>\n

Christian Abijuru, Head of Business Banking at I&M Bank Rwanda Plc, said the financing model is designed to serve both salaried and non-salaried clients.<\/p>\n

The event to unveil new brand was attended by clients, partners, and key stakeholders.<\/p>\n

\u201cOur clients can purchase a family or business car through Agiserera na I&M Bank. Both loan terms and car prices are made more affordable through this partnership, and the financing is collateral-free,\u201d he said.<\/p>\n

Non-customers can also apply by submitting bank statements from their financial institutions. Salaried applicants are required to provide job contracts, while business clients must present financial records to assess affordability.<\/p>\n

Xavier Berbers, Managing Director of RwandaMotor, underscored the company\u2019s commitment to sustainability.<\/p>\n

Xavier Berbers, Managing Director of RwandaMotor, underscored the company\u2019s commitment to sustainability.<\/p>\n

\u201cWe’re very happy to contribute to green mobility in Rwanda,\u201d he said.<\/p>\n

The event to unveil new brand was attended by clients, partners, and key stakeholders.<\/p>\n

\u201cAs an official dealer we are trained by the manufacturer for all the after-sales services and we provide manufacturing warranty. We are very happy about this partnership with I&M Bank. The end user can benefit by having a car loan with very competitive conditions,\u201d he added.<\/p>\n

The event also allowed guests to interact with product specialists and explore the vehicles firsthand. Prices for the new models range between Rwf42 million and Rwf65 million.<\/p>\n

The partnership aims to enhance the driving experience through reduced noise, smoother operation, and faster, cleaner acceleration.<\/p>\n

With over 60 years of experience in the automotive industry, RwandaMotor offers up to eight years of warranty on its new energy vehicles, complemented by comprehensive after-sales services to ensure long-term customer satisfaction.<\/p>\n

Under the \u201cAgiserera na I&M Bank\u201d partnership, the bank will finance up to 100 per cent of the cost of electric vehicles.<\/p>\n\r\n