Contact Credit , the consumer finance arm of Contact Financial Holding, the leading non-banking financial services company in Egypt, has announced today new financing plans for customers wishing to acquire water vehicles and water sports equipment such as yachts, sailing boats, jet skis, boats of all kinds, diving equipment, etc., as well as the possibility of financing maintenance and repairs, These plans allow clients to receive up to 100% finance to their purchases.
The company said in its statement today that these plans include payment facilities starting from 6 months to 60 months for a competitive interest rate, and up to three million pounds loan value. Making it possible for customers to achieve their dreams of a luxury yacht to enjoy comfortable and luxurious cruises, supports marine tourism, watersports, and marine activities in Egypt.
Contact provides financing solutions tailored to the nature of the funded asset, customer needs, and customer financial plans through more than seventy-five branches available over almost every governorate in Egypt, including those in the areas of marine tourism, watersports, and marine activities practice, such as El Gouna, Hurghada, Sharm El Sheikh, North coast, and Alexandria.
Mr. Tamer Samir, Managing Director of Contact Credit, said: ” Contact offers a unique service in the market, we aim through this product to meet the demands of customers who are looking for a convenient and easy way to finance the purchase and maintenance of watercraft.”
The MD of Contact Credit added: “Financing acquiring and maintaining watercraft is a promising area as it represents an opportunity to enjoy marine activities and enjoy the luxury life sought by people of high taste as well as the lovers of marine activities, such as sailing, diving, and fishing. Contact provides a unique product in the market as it provides watercraft financing with the highest quality, professionalism, and with the easiest and fastest procedures.”
Said Zater, CEO of Contact Financial Holding, said: “Today we are trailblazing by providing this unique product in the Egyptian market. We recognize that water vehicles and watersport equipment are significant investments and that customers need a partner they can trust and rely on to meet all their needs. This is attributed to our continuous monitoring of the market needs; we have been able to provide this unique experience and we promise to continue to provide innovative and unique solutions to our customers.”
“The financing of watercraft is an excellent example of the opportunities available in the Egyptian market and the convergence of the private sector visions and the national economy, as this product supports marine tourism and water activities, and we hope that it will cause a boom in marine tourism” he added.