Car Financing in Kenya: What Banks Offer in 2025

Buying a car outright isn't always possible. Here's what you need to know about car financing in Kenya.

Typical Loan Terms

- **Deposit:** 10–30% of vehicle value - **Tenure:** 12–84 months - **Interest rates:** Vary by bank, typically 12–18% p.a. - **Processing fees:** 1–2.5% of loan amount

Major Banks Offering Auto Loans

KCB, Equity Bank, Co-operative Bank, NCBA, Stanbic, and Absa all offer vehicle financing. Rates and terms differ — shopping around saves money.

Tips for Approval

1. Maintain a clean CRB record 2. Have stable employment or business income 3. Prepare deposit plus insurance upfront 4. Get a proforma invoice from a registered dealer

How Autofetch KE Helps

We partner with multiple banks to help clients secure competitive financing. Contact us for a personalised quote — coming soon: our finance calculator tool.