{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":{"@type":"WebPage","@id":"https://pesamarket.com/en","name":"Home"}},{"@type":"ListItem","position":2,"name":"Loans","item":{"@type":"WebPage","@id":"https://pesamarket.com/en/personal-loans","name":"Loans"}},{"@type":"ListItem","position":3,"name":"Car Loans"}]}{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What is the minimum salary for a car loan in Kenya?","acceptedAnswer":{"@type":"Answer","text":"Most banks require a minimum gross salary of KES 50,000-80,000 for car loans. Some lenders like Mogo may approve with lower incomes for used cars."}},{"@type":"Question","name":"Can I get 100% car financing in Kenya?","acceptedAnswer":{"@type":"Answer","text":"Most banks offer 80-95% financing, meaning you need a 5-20% down payment. 100% financing is rare and typically requires strong banking relationships or collateral."}},{"@type":"Question","name":"How long does car loan approval take?","acceptedAnswer":{"@type":"Answer","text":"Bank loans typically take 3-7 working days. Alternative lenders like Mogo can approve in 24-48 hours with faster processing for pre-approved customers."}},{"@type":"Question","name":"Can I finance a used car?","acceptedAnswer":{"@type":"Answer","text":"Yes, most banks finance used cars up to 8-10 years old. Expect slightly higher interest rates (1-2% more) compared to new car loans."}},{"@type":"Question","name":"What happens if I default on a car loan?","acceptedAnswer":{"@type":"Answer","text":"The lender can repossess the vehicle, and you may still owe the difference if the sale doesn't cover the loan balance. Your CRB record will also be affected."}}]}