Get on the road with affordable car financing. Compare car loans, logbook loans, and asset financing options for new and used vehicles in Kenya.
See exactly how much you'll pay each month
4G Capital
0.75% - 0.9% p.a.
KES 5,000 - 3,000,000
Kenya Women Microfinance Bank
1.5% - 2% p.a.
KES 5,000 - 2,000,000
Mogo Kenya
2.5% - 4% p.a.
KES 50,000 - 5,000,000
Lipa Later
3% - 5% p.a.
KES 10,000 - 1,000,000
Marble Capital Solutions
3% - 5% p.a.
KES 50,000 - 2,000,000
Top car loans include: KCB Car Loan (from 13% p.a.), Equity Asset Finance, Stanbic Vehicle Loan, and NCBA Auto Loan. Rates range from 13-18% depending on whether new or used, loan amount, and your credit profile. Dealer financing from Toyota Kenya, Simba Corp also competitive.
Most lenders require 10-30% deposit: New cars typically 10-20%, used cars 20-30%. Some dealers offer zero deposit with higher rates. A larger deposit reduces monthly payments and total interest paid.
Self-employed individuals can get car loans with: 6-12 months bank statements, business registration documents, and M-Pesa statements showing income. Rates may be slightly higher. Logbook loans are another option if you have an existing vehicle as collateral.
Car loan limits depend on income: Typically 3-4x gross annual salary. Maximum amounts range from KES 500,000 for digital lenders to KES 20 million for high-net-worth individuals at banks. Most common range is KES 1-5 million for salaried employees.
Compare 37 loan options and find the best rates for your needs.
Kopokopo
5% - 7% p.a.
KES 5,000 - 500,000
Letshego Kenya
5.25% - 24% p.a.
KES 250 - 500,000
Faulu Microfinance Bank
9.5% - 34% p.a.
KES 10,000 - 3,000,000
Jijenge Credit
10% - 15% p.a.
KES 50,000 - 2,000,000