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Finance
Know the monthly figure before you visit
Move the sliders and the repayment updates as you go. No form, no callback, and no email address required to see a number.
Vehicle price
Deposit20% · KSh 720,000
Repayment term
Interest rate p.a.14.0%
Set the rate your bank has quoted you. The default is a general market estimate, not an offer.
Estimated monthly repayment
KSh 78,700
DepositKSh 720,000
Amount financedKSh 2,880,000
Total interestKSh 897,612
Total repayableKSh 3,777,612
Our lenders
Who we finance through
We work with five Kenyan banks on vehicle asset finance. Which one suits you depends on your profile, the vehicle and the deposit you are putting down, so we send your application to the lenders most likely to approve it rather than to all of them at once.
Absa Bank
Vehicle asset finance
NCBA Bank
Vehicle asset finance
I&M Bank
Vehicle asset finance
Equity Bank
Vehicle asset finance
Co-operative Bank
Vehicle asset finance
Rates differ by bank and by borrower. The calculator above lets you set your own, so if your bank has already quoted you a figure, enter it and the repayment updates to match.
How it works
Four steps to driving away
01
Pick the car
Reserve it with a refundable holding deposit while the finance is arranged.
02
Pre-qualify
We send your documents to the banks we think fit best. Most decisions come back in two to five working days.
03
Offer and valuation
The bank values the vehicle and issues terms. You see the rate, deposit and term before signing anything.
04
Disbursement
Funds clear, the logbook transfer is initiated with the bank’s interest noted, and you collect the car.
Get ready
What the banks ask for
- National ID and KRA PIN certificate
- Three to six months of bank statements
- Payslips, or audited accounts if self-employed
- Proof of residence and two referees
- The vehicle logbook and valuation, which we handle
Deposit and term
The trade-off, plainly
Deposits typically start around 20% and terms usually run 12 to 60 months. A shorter term costs less overall but more each month; a longer term does the opposite.
Move the sliders above against the exact car you want and you will see the difference in shillings rather than in theory.
Questions
Car finance in Kenya
Whichever of the five is most likely to approve you on sensible terms. We work with Absa, NCBA, I&M, Equity and Co-operative Bank, and the right fit depends on your profile, the vehicle and your deposit. You are free to go to your own bank instead if you prefer.
Most lenders in Kenya want at least 20% down on a used vehicle, and some ask 30% on older imports. A larger deposit lowers both the monthly figure and the total interest, which is why the slider starts at 20% rather than zero.
Usually yes, but the bank disburses on arrival rather than at order. You pay the holding deposit yourself, and the facility covers the balance once the vehicle is cleared and registered.
No. It is an indicative model using the rate you select, not an offer. Your actual rate depends on your credit profile, the vehicle age and the bank’s own pricing, and only the bank can issue terms.
Most Kenyan car loans allow early settlement, though some carry a fee. Ask us to confirm the early-settlement terms for the specific bank before you sign and we will get it in writing.
Talk to someone who has done this before
Jack handles finance applications himself. Send him the car and your rough deposit and he will tell you what is realistic before you commit to anything.
Lanchester Motors is a Kenyan-owned car dealership based in Nairobi, specializing in quality used vehicles and carefully sourced direct imports.
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