Car Loan

Home Car Loan

Need Help?

Please Feel Free To Contact Us. We Will Get Back To You.

Email: info@kencreamsacco.co.ke
Phone: 020 3980100 /
(254)703-756-350

Member Car Loan

Car loan is an asset finance loan product created to cater for members who would be willing to take loan to purchase a private car but they want the car to be security instead of guarantors.

Loan terms are as follows:

Age limit of vehicle should not be more than 12years ist registered 2005 and after.SACCO financing up to 80% of the valuation of the car.

Must have SACCO comprehensive insurance cover.

Original log book will be security for the loan and jointly registered.

Maximum loan repayment period-48.

The car should for private use and not PSV.

Car must be physically purchased locally.

Insurer is CIC or any other qualified insurer.

Valuation to be done on every year by the SACCO pre qualified valuers before insurance renewal.

Tracking devices must be installed.

The member to take care of legal and valuation costs.

Loan issuance is immediate upon complete documentation.

Multiplication factor 3 times the deposit.

Requirements

Loan application duly filled

Member submit official search from KRA

Valuation report from Automobile association of Kenya(AA Kenya) or regent automobiles certifying the car is in good condition.

2 copies of signed transfer from the applicant

Sales agreement

Latest certified copy of payslip (those on employment), 6 months bank statement certified and stamped(for those not employed)

Copy of ID or valid Kenyan passport

Member must have saved with the SACCO for at least 6 months

 Tweeter feeds


Happy new year! Indeed it is a happy time for all our members.Enjoy the waiver of the 7.5% fee charged on bank loan purchase from January 2021 to March 2021.With this you can comfortably process your salary with https://t.co/j3wPeqteJB us or visit our offices today for more info https://t.co/81q4KiArlS Kencreamsacco photo

Did you know that shopping with your Kencream Sacco ATM-VISA card is FREE? Stay safe and shop cashless during this festive seasons from anywhere at anytime.
Krisi poa na Kencreamsacco Limited. #ChristmasIsComing #Christmastime https://t.co/M0yaG7UOgW
Kencreamsacco photo

Want to reward yourself this Christmas? Need a loan for a mega- project?Tuko hapa juu yako. Apply for a Super loan and get UPTO Four Times your savings,favourable interest rates and a flexible repayment plan. Call us today on 0703756350 for more information. #loan https://t.co/ZlEJU35xRJ Kencreamsacco photo

The best news so far this year!!! Krisi isikupite bila simu,Laptop,Fridge ama Cooker...UTAAMBIA WATU NINI?
We buy for you, unalipa kidogo kidogo na Kencream Sacco Consumer Loan. Follow this link for more information
https://t.co/GzvU0JYYU3 #assets #lipamdogomdogo https://t.co/5SE4qtfhN8
Kencreamsacco photo
error: Content is protected !!