KCB Personal Car Loan
Pros
- +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
Compare KCB Personal Car Loan and Equity Personal Loan side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best personal loans for you.
| Feature | KCB Personal Car Loan Kenya Commercial Bank | Equity Personal Loan Equity Bank Kenya |
|---|---|---|
| Interest Rate | 13% - 15.5% p.a. Best Rate |
| Loan Amount Range | KES 300,000 - KES 15,000,000 | KES 50,000 - KES 5,000,000 |
| Repayment Period | 12 - 60 months | 6 - 60 months |
| Fees | Processing: 2% | Processing: 2% Lowest Fees |
| Key Features |
|
|
| View Details & Apply | View Details & Apply |
KCB Personal Car Loan offers a more competitive interest rate starting at 13% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. KCB Personal Car Loan from Kenya Commercial Bank may be better for Finance up to 100% of vehicle value, while Equity Personal Loan from Equity Bank Kenya excels at Quick approval within 48 hours.
KCB Personal Car Loan from Kenya Commercial Bank offers rates from 13% p.a. with loan amounts up to KES 15,000,000. Equity Personal Loan from Equity Bank Kenya offers rates from 13% p.a. with loan amounts up to KES 5,000,000. Compare features, fees, and eligibility requirements above.
Approval times vary: KCB Personal Car Loan typically takes 24-48 hours, while Equity Personal Loan processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many personal loans are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.