Complete guide to financing your dream car in Kenya. Compare top car loans from KCB, Mogo, and other lenders with current rates, eligibility requirements, and expert tips.
13-16%
Traditional bank financing
30-48%
Quick loans against your car
100%
Of vehicle value available
Kenya Commercial Bank
â Best for New CarsKCB offers competitive rates for both new and used vehicles up to 8 years old. Perfect for first-time car buyers with stable income.
View Details âMogo Kenya
⥠Fastest ApprovalMogo provides same-day loans against your car logbook. Keep driving your vehicle while accessing up to 70% of its value.
View Details âCompare car loans from multiple lenders and get pre-approved in minutes.
Compare Car Loans| Lender | Interest Rate | Max Amount | Max Term | Processing Time | Best For |
|---|---|---|---|---|---|
| KCB Car Loan | 13-15.5% | KES 15M | 60 months | 2-4 days | New cars, large amounts |
| Mogo Logbook Loan | 30-48% | KES 5M | 36 months | Same day | Quick cash, emergencies |
Most banks require good credit for car loans. Logbook loans from Mogo are more flexible but have higher rates.
Typically 10-30% depending on the lender. Some loans offer 100% financing for special cases.
Yes, most lenders accept used cars up to 8-12 years old, depending on the loan type.
Yes, comprehensive insurance is mandatory for financed vehicles and often arranged by the lender.