Market UpdateMay 2025
CBK holds base lending rate at 13% — what it means for car loans
The Central Bank of Kenya maintained its benchmark rate, keeping auto-loan interest rates steady for consumers seeking vehicle financing in 2025.
3 min readRead
Auto Finance Kenya
Finance your next car the smart way
Compare loans, calculate payments, and find cars available for hire purchase — all in one place.
From 12%
Interest rate p.a.
Up to 80%
Financing available
60 months
Maximum loan term
24 hrs
Typical approval time
Finance calculator
Uses the standard amortisation formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]
20% — KSh 700,000
10%50%
13%
8%25%
48 months
12 mo60 mo
Monthly payment
KSh 75,117
for 48 months
Car priceKSh 3,500,000
Deposit (upfront)KSh 700,000
Loan amountKSh 2,800,000
Total interestKSh 805,616
Total payableKSh 4,305,616
Interest as % of loan
29% of loan amount paid as interest
Indicative only. Actual rates depend on your lender and credit profile.
Hire Purchase
Own it — pay as you go
Hire purchase lets you drive the car immediately while paying in instalments. Ownership transfers to you after the final payment — no bank required in many cases.
- No full upfront payment required
- Fixed monthly instalments
- Flexible deposit (typically 20–30%)
- Ownership at end of term
- Available on selected dealer vehicles
How hire purchase works
1
Choose your car
Find a car marked 'Hire Purchase Available' in our listings.
2
Agree on deposit
Pay the agreed deposit (usually 20–30% of the car value).
3
Drive & pay monthly
Take the car home. Pay fixed monthly instalments to the dealer or finance partner.
4
Own it
After the final payment, full ownership transfers to you.
Finance partners
Banks, SACCOs, and dealer finance options available in Kenya
Banks
SACCOs
Dealer Finance
Browse finance-ready cars
These cars have been pre-approved for financing or hire purchase. Get behind the wheel faster.
Finance news
Market updates & guides
Buying GuideApr 2025
Hire purchase vs. bank loan: which is cheaper for a used car in Kenya?
We compare the total cost of ownership across Kenya's most popular financing options — from dealer hire purchase to SACCO and commercial-bank loans.
5 min readRead
TipsApr 2025
5 things lenders check before approving your car loan
Credit score, income-to-debt ratio, employment status — here's what Kenya's banks and SACCOs look at before saying yes to your auto-finance application.
4 min readRead
PolicyMar 2025
KRA duty changes on imported vehicles — updated 2025 guide
Kenya Revenue Authority revised excise duty bands on passenger vehicles. We break down exactly how much you'll pay on a 1,500 cc, 2,000 cc, or 2,500 cc import.
6 min readRead
EV FinanceFeb 2025
Financing an electric vehicle in Kenya — banks that offer EV loans
As electric vehicles gain traction in Kenya, a growing number of banks now offer tailored EV finance products. We list the best deals and rates available today.
4 min readRead
Market UpdateJan 2025
SACCO lending hits record high — cheaper auto loans for members
Kenya's cooperative sector reported its highest-ever vehicle-loan disbursement in Q1 2025, driven by lower rates and expanded credit limits for members.
3 min readRead