Asset finance
The most common route for Kenyan buyers.
Bank-backed loan secured against the car. Lowest rates, longest terms. Best if you have a KRA-verified income and 10–15% deposit ready.
- 13.5–15% APR typical
- Up to 72 months
- Logbook kept by bank
Finance
Fair car finance for Kenya. Calculated before you commit.
Compare lenders, crunch the numbers, and pre-qualify without the sales pitch. MotorLink doesn't mark up rates and we don't share your details until you say so.
Loan calculator
How much will this car really cost you per month?
Tune the sliders to see a realistic Kenyan-market monthly payment. The calculator uses reducing-balance interest — the same method every Kenyan bank uses.
- Reducing-balance calculation
- Transparent total cost of credit
- No details shared with lenders
Estimated monthly payment
Ksh 55,997
FinancedKsh 2,380,000
Total interestKsh 979,839
Total paidKsh 3,779,839
Principal Interest
Three ways to finance
Pick the structure that fits your situation.
Hire purchase
Own the car outright at the end of the term.
Fixed instalments to a finance house — you get use of the car from day one, ownership transfers on the final payment.
- Fixed monthly payment
- No shock variable rate
- Common for SMEs & fleets
Operating lease
Like renting — no ownership, no residual risk.
Pay a monthly fee to use the car. Lender carries the depreciation and handles resale at term end. Popular with companies.
- No long-term commitment
- Includes maintenance plan
- Perfect for 24–36 month cycles
Lender comparison
Indicative rates from MotorLink's Kenyan finance partners
Rates shown are 2026 starting APRs. Your actual rate depends on credit history, deposit size and car age.
LenderProductFrom APRMax termMin deposit
KCB BankKenyaAsset Finance13.50%72 months10%
Absa KenyaKenyaVehicle & Asset Finance13.90%72 months10%
Equity BankKenyaVehicle Loan14.20%60 months15%
Stanbic BankKenyaVehicle & Asset Finance13.75%72 months10%
NCBAKenyaAsset Finance14.50%60 months10%
Mogo KenyaKenyaUsed Car Finance16.50%48 months20%
Rates shown are indicative only and change monthly. MotorLink is a registered credit broker in Kenya — we don't issue loans directly.
Four clean steps
From "I want that car" to keys in hand.
- 01
Choose your car
Use our marketplace to find a vehicle that fits your budget.
- 02
Run the calculator
Estimate monthly payments before you talk to a lender.
- 03
Pre-qualify with a bank
Send your payslip, KRA PIN and ID — most responses in 48 hours.
- 04
Sign & collect
Bank pays the dealer directly, you drive home. Logbook stays with the bank until full settlement.
FAQ
The finance questions we hear every week.
What's the minimum deposit?
Most banks ask for 10–15% of the car price for locally-used units. New cars and imports often require 20%. Some lenders offer zero-deposit schemes for salaried customers with 3+ years at one employer.
How does MotorLink make money here?
We don't take commission from lenders and we don't mark up rates. If you do proceed, the lender pays us a small referral fee that does not affect the rate you're offered.
Can I refinance a car I already own?
Yes. Most Kenyan banks will refinance a car that's 3 years or newer and worth at least KSh 800,000. Bring the logbook, current insurance and recent payslips.
What is the typical APR range in Kenya?
As of 2026, bank asset-finance APRs run from 13.5% to about 16%. Microfinance and non-bank lenders go higher (16–22%) but have faster approvals and accept older cars.
Ready to put the numbers to a car?
Browse the marketplace with the calculator open in a second tab — easiest way to compare.