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List of Car Financing Companies in Kenya

Car financing is a vital solution for individuals looking to purchase vehicles without sufficient upfront funds. Below is a comprehensive list of car financing companies in Kenya offering flexible repayment plans and competitive rates:


1. Watu Gari

  • Features:
    • Financing up to 80% of the vehicle’s market value.
    • Monthly interest rates from 2.5%.
    • Loan period of 6-60 months.
    • Comprehensive motor insurance added to the loan principal.
    • Same-day processing.
  • Requirements:
    • National ID/Passport.
    • KRA PIN certificate.
    • Registered NTSA TIMS account.
    • 6 months bank/Mpesa statements.
    • Minimum age: 18 years.
  • Contacts: 0790 000 999/ 0709 739 000/ 0719 111 000.

2. MOGO Kenya

  • Features:
    • Financing up to 80% of a car’s value regardless of age or make.
    • Down payment of 20%.
    • Loan up to Kshs 2,500,000.
    • Flexible repayment period of up to 60 months.
  • Requirements:
    • National ID.
    • KRA PIN.
    • Age: 23-70 years.
    • 6 months Mpesa/bank statements.
  • Contact: 0768 469 112.

3. Mwananchi Credit

  • Features:
    • Loans for all car types with flexible repayment terms (12-48 months).
  • Requirements:
    • 6 months certified bank statement.
    • KRA PIN, ID copy, passport photos.
    • Sale agreement and proforma invoice.
  • Location: Ecobank Towers, Muindi Mbingu Street, Nairobi.
  • Contact: 0709 147 000.

4. HAKKI Africa

  • Features:
    • Financing up to 90% of car value.
    • Loans approved within 24 hours.
    • Interest rate: 2.5% monthly.
  • Location: Above Equity Bank, Dagoretti Corner.
  • Contact: 0711 082 132.

5. Ngao Credit

  • Features:
    • Financing for showroom and used cars.
    • Loans up to Kshs 5,000,000.
    • Repayment period of 36 months.
  • Requirements:
    • Proforma invoice.
    • Original PIN and ID.
    • 12 months bank statement.
    • Comprehensive insurance.
  • Location: Morning Side Office Park, Ngong Road.
  • Contact: 0709 650 000.

6. CFAO Motors

  • Features:
    • Financing for individuals and businesses.
  • Requirements for Individuals:
    • ID, PIN, 6 months bank statements, salary payslip.
  • Requirements for Businesses:
    • Registration certificate, PIN, Articles of Association, financial statements.
  • Contact: 020 760 4238.

7. Autochek

  • Features:
    • One-stop automotive financing solutions.
    • Low-interest rates and flexible terms.
  • Location: Westpark Towers, Off Muthithi Road, Nairobi.
  • Contact: 0111 034 300.

8. Motorhub

  • Features:
    • Connects buyers with financing institutions.
    • Partnerships with banks, Saccos, and microfinance institutions.
  • Location: Kiambu Road.
  • Contact: 0727 200 200.

9. Maridady Motors

  • Features:
    • Financing for salaried individuals and businesses.
    • Deposit: 10-30%.
    • Repayment up to 60 months.
  • Contact: 0798 000 111.

10. ASL Credit

  • Features:
    • Commercial vehicle, construction machinery, and personal car financing.
  • Location: The Odyssey, Muthithi Road, Westlands.
  • Contacts: 0705 633 343/ 0738 189 724/ 0771 497 447.

Banks Offering Car Loans

  • National Bank.
  • Stanbic Bank.
  • I&M Bank.
  • Cooperative Bank.
  • Family Bank.
  • NCBA.
  • KCB Bank.
  • Equity Bank.

Note: Evaluate your ability to repay the loan before borrowing and review the terms, including interest rates and fees.

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