Mobile menu

Car Loans

Car loan

This is a product that is designed to enable members acquire private motor vehicles while using the same assest as security for the financing. This product will be offered in partnership with reputable dealers of new and second hand imported cars

PRODUCT FEATURES

  • Maximum Amount: Kshs 5,000,000 subject to ability to pay.
  • Financing up to 80% of the value of motor vehicle
  • Maximum tenure of 36 months
  • Interest rate:  Interest rate 1.5% per month on a reducing balance
  • Security: loan secured by motor vehicle being acquired
  • The motor vehicle should NOT be more than 10 years old from the date of manufacture