KCB Bank has car loan facility which is specifically for customers. If you have an account with KCB Bank, you will qualify for a loan of up to 80% of the cost of a car.
The loans finance tractors, small cars, heavy earth movers and any type of a vehicle you wish to buy.
Terms of the loan are as indicated below.
Heavy Commercial Vehicles, Trucks, Trailers, Pick-Ups and other Commercial Vehicles
- New Vehicles – 90% finance for maximum 60 months.
- Used Vehicles – 80% finance for maximum 48 months.
- New trailers but with P/Mover as collateral at 80% loan of 60 months.
Machinery, Tractors, Heavy Earth Moving Equipments’ & Specilized Equipment
- New machines and equipment 80% financing for maximum of 60 months.
- Tractors – maximum 50% finance for 24 months any additional finance be covered by additional collateral.
- Specialized machines – maximum 50% finance for maximum 36 months.
- IT and Computer Equipment at 70% for 36 months.
- Heavy earth moving equipment’s for a maximum 80% finance
- Moratorium period for machines is allowed to facilitate installation and testing.
KCB ‘’Car Loan’’
- 90 % financed for new vehicles and 80% financed for the used vehicles
- Maximum loan period 5years new vehicles and 4years for Used vehicle