Auto Loans

A term loan facility available to business and individual account holders intended to assist in the acquisition of new and used motor vehicles for private use, commercial, school buses and tractors.

Features

New Vehicles:

  • Private/Commercial - up to 90% financing with repayment of up to 60 months.
  • School Buses - up to 90% financing with quarterly repayment of up to 48 months.
  • Tractors - up to 80% financing with repayment of up to 48 months.


Used Vehicles:

  • Private (below 8 years) - up to 80% financing with repayment of up to 48 months.
  • Commercial (below 8 years) - up to 70% financing with repayment of up to 48 months.

Requirements

  • Company incorporation/registration, KRA Pin and directors' identification documents.
  • National ID and KRA Pin for individuals.
  • Certified payslips for 3 months and letter of employment (for salaried customers).
  • Certified bank statements for 12 months.
  • Resolution to borrow (for registered companies) or request letter (for individuals).
  • Supplier Invoices and/or importation documents.
  • Equity contribution

Fees & Charges

  • Processing fee -1% of loan amount
  • Interest Rate -prevailing base rate + margin

Latest News

Access Bank PLC and KCB Group PLC Sign Binding Offer on Acquisition of National Bank of Kenya (NBK) Public Notice: Change In Loan Interest Rate PUBLIC ANNOUNCEMENT - RATE INCREASE ANNOUNCEMENT OF US$300 MILLION INVESTMENT INTO ACCESS BANK PLC Discontinuation of Acquisition of Sidian Bank Ltd