Buy your dream car with auto financing
Looking for a car purchase loan in Kakamega County? With a population of 1.9 million and average income of KES 38,000, Kakamega residents typically borrow KES 500,000 - 5,000,000 for car purchase. Take time to compare rates for the best deal.
The typical car purchase loan (starting at KES 500,000) requires monthly payments that may be challenging on Kakamega's average income. Consider:
Since car purchase is a planned expense, take 2-4 weeks to compare rates, negotiate with lenders, and choose the best terms available in Kakamega.
Branch, Tala, OKash - Serving all of Kakamega via mobile app
Local SACCOs, Faulu, KWFT - Strong presence in Kakamega
Kakamega residents primarily rely on mobile money loans, local SACCOs, and microfinance for car purchase. Group lending through table banking is also popular for larger amounts.
Most Kakamega residents borrow KES 500,000 - 5,000,000 for car purchase. Your exact amount depends on your income, credit score, and lender policies.
Some lenders in Kakamega may ask for documentation (like relevant receipts) to verify the purpose and potentially offer better rates.
For planned car purchase, expect 5-14 days for bank approval in Kakamega. Take time to compare rates.