This facility fulfills your dream of purchasing a Motor vehicle for private or commercial use.

  • Eligibility: Members who are at least 3 months old in the Sacco

  • Loan limit of Ksh.5,000,000

  • Multiplier of X4 member deposits

  • Interest rate is 1% per month on reducing balance

  • Maximum repayment period of up to 48 months

  • Up to a 100% financing

  • Shareboosting of up to 40 % of member deposits for members wanting a higher loan amount but have less deposits

  • Imports facilitated by the Sacco through reputable dealers

  • Age of the vehicle should not exceed 10 years from year of manufacture
  • The vehicle being purchased is used as collateral.
  • Processed within 48 hours for local purchases and between 4 to 8 weeks for imports

Related Product