Autochek
Compare all 3 products from Autochek in Kenya. Rates from 14%. Borrow up to Ksh 10,000,000.
Autochek Pros & Cons
+Pros
- ✓Local Kenyan customer-service team
- ✓24/7 application window via mobile or USSD
- ✓No hidden charges beyond the advertised rate
- ✓CBK-regulated and licensed, answerable to the Central Bank
- ✓Full vehicle marketplace + financing
- ✓Vehicle inspection included
-Cons
- ✗Newer entrant — shorter operational track record
- ✗No grace period before the late-fee clock starts
- ✗Loan limits start low and grow only with repayment
- ✗Large deposit required (10-30%)
- ✗Higher income requirements
- ✗Longer approval process
Eligibility Requirements
- ●National ID
- ●Smartphone with internet
- ●M-Pesa account
- ●KRA PIN
- ●Proof of income (6 months)
- ●Bank statements
- ●Driving license
- ●Payslips or bank statements (6 months)
- ●Employment letter or business registration
- ●Proof of residence
Expert Analysis
Autochek is a CBK-licensed Digital Credit Provider, licensed in 2024 under Kenya's 2022 DCP Regulations. Loans run from KES 500 to KES 75,000 with repayment terms of 14-90 days. Disbursement is via M-Pesa or Airtel Money - within 10 minutes for approved applications. Rates are not published upfront: pricing tiers by CRB band, loan size, and repayment history, and the full total cost of credit is disclosed before acceptance per CBK's Digital Credit Provider rules. Fees: processing fee varies by loan size and tier; no early-repayment penalty.
Frequently Asked Questions
What interest rates does Autochek offer?
Autochek offers interest rates ranging from 14% to 28% across their 3 products. The exact rate depends on the product type, loan amount, and your credit profile.
What loan amounts are available from Autochek?
Autochek offers loan amounts from Ksh 500 up to Ksh 10,000,000 depending on the product and your eligibility.
How fast does Autochek disburse loans?
The fastest disbursement time from Autochek is Within 10 minutes for approved applications. Actual processing time varies by product type and application completeness.
Does Autochek require CRB clearance?
Yes, Autochek requires CRB clearance for some or all of their products. A clean credit history improves your chances of approval and may qualify you for better rates.
How many products does Autochek offer on PesaMarket?
Autochek currently has 3 products listed on PesaMarket across 3 categories: Asset Finance, Buy Now Pay Later, Fast Loans.
Products Available
Compare Autochek With
Best For
- ✓Covering unexpected medical expenses
- ✓Top-up on a small existing loan
- ✓Short-term bridging while waiting for a payment
- ✓Used car buyers
- ✓First-time car owners
- ✓Business vehicle purchases
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