Equity Bank car loans are available for the bank customers. The loans finance up to 100% of the amount required to purchase a car.
Equity is listed among banks in Kenya with flexible terms, especially when you need a loan. It takes a maximum of 2 days to receive the loan in your account.
The car loans are classified under Asset Finance Loans and have the following terms.
Capital assets include but are not limited to, motor vehicles, construction equipment, industrial plant & machinery, agricultural equipment, Office & IT based equipment and specialized.
- Flexible collateral requirements and the asset you buy can be part of the security
- Quick processing and disbursement
- Flexible repayment terms
- Loan amount depends on ability to repay
- Be an active account holder with Equity Bank
- Submit loan purpose for financing business working capital and operational needs
- Submit loan application within a reasonable time
- Be able to clearly demonstrate existence of other sources of income that could be used for loan payment