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Personal Loan

KCB Personal Car Loan

Kenya Commercial Bank

Last updated: January 14, 2026

|Last verified: Jan 14, 2026
0/5
Based on 0 Reviews
Interest Rate
13% - 15.5% p.a.
Loan Amount
Ksh 300,000 - Ksh 15,000,000
Approval Time
2-4 working days
Processing Fee
2%

Rating Breakdown

5
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4
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3
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Total: 0 Reviews

Pros & Cons

Pros

  • Up to 100% financing available
  • Competitive interest rates for car loans
  • Accepts both new and used vehicles
  • Free vehicle tracking system included
  • No early repayment penalties
  • Flexible repayment terms

Cons

  • Higher minimum income requirement (KES 50,000)
  • Comprehensive insurance mandatory (additional cost)
  • Processing fee of 2%
  • Used vehicles must be less than 8 years old
  • Credit score check required

Customer Reviews

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Product Details

Features

  • Finance up to 100% of vehicle value
  • New and used vehicles accepted (up to 8 years old)
  • Competitive interest rates
  • Flexible repayment period up to 5 years
  • Quick approval (48-72 hours)
  • No early repayment penalties
  • Direct payment to car dealer
  • Optional balloon payment structure
  • Free vehicle tracking system

Eligibility Requirements

Age: 23 - 65 years
Min Income: Ksh 50,000/month
Employment: Salaried, Self-employed, Business owner

Required Documents

  • Copy of ID/Passport
  • KRA PIN Certificate
  • Last 3 months payslips (if employed)
  • Last 6 months bank statements
  • Proforma invoice or car details
  • Proof of business registration (if self-employed)
  • Valid driving license

Repayment Options

Standing orderM-Pesa PaybillBranch paymentMobile bankingCheck-off (for salaried employees)

Ready to Apply?

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Application takes less than 10 minutes

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