Cooperative Bank Kenya Car Loan

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Cooperative Bank Kenya offers car loans to account holders who wish to buy personal cars.Dubbed Asset Finance,the car loans cater for up to 80 % of the cost of a car.

If you want to apply for a car loan at Cooperative bank, here are the terms

Asset Finance (AF)

To enable clients acquire assets mainly motor vehicles and machines.

Features

  • Used to finance the client to purchase motor vehicles and machines both new and used.
  • The facility period can extent to a maximum of 48 months.
  • Interest charged is depended on the asset finances, length of the period and amount of deposit paid.
  • No limits for the minimum or maximum amount of the facility.
  • Application requirements includes:-
  1. A deposit of between 20% & 50% is required.
  2. Asset application form executed by the dealer.
  3. Proforma invoice from the dealer.
  4. PIN certificates/ certificate of registration and registered borrowing powers.
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