50% to 80% of the total cost of Vehicle
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The vehicle must be insured with a comprehensive policy for its full value and the bank interest noted on the policy
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The insurance company issuing the policy must be approved by BOA.
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The vehicle will be jointly registered in the names of the client and BOA until the loan is fully repaid.
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Bank statements for the last six months from the applicant’s current bank.
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Certified copies of identification documents (ID/passport and PIN) are required
12 to 48 months
Yes
Up-to Kes 10M
Up-to 60 months
No
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Individuals qualify based on ability to service the loan.
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Easy, flexible security requirements.
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Group members qualify on the second level loan.
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Fast processing of loans.
Up-to Kes 10M
Up-to 60 months
Yes
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Attractive premium on comprehensive insurance, significantly lower than what is available in the market.
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Salaried with a minimum gross salary of KES 75,000 per month* required
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Salary account with Standard Chartered Bank before the loan is disbursed.
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Copy of ID / passport required
Up to 100% financing
Up to 72 months
Yes
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Financing of assets such as PSVs and Medical Equipment now available
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Quick turnaround time
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Sale agreement between seller and buyer
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Seller’s identification & PIN copy required
Most people in Kenya find themselves engaged in a two-pronged battle when shopping for a new vehicle; You have to find a desirable vehicle, then find the best loan option available. There are several routes to compare cars. You can check out Cheki to find some great deals on vehicles. Below are some hand-picked Auto loan options to consider.
