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

Secure your future with our fixed deposit account with guaranteed returns. Start saving now for a better future. For more information follow this link https://t.co/oJP0dYTe3N or Call/Whatsapp us today on 070375635. See below our interest rates!
MapemaNdioBest, Forward together! https://t.co/fPN2WFPLZZ
Kencreamsacco photo
It is back to school! Usitense, apply for school fees loan today and let us sort you. Call or WhatsApp us @0703756350 for more information. #backtoschool #SchoolFees https://t.co/OxgRq0TTso Kencreamsacco photo
In need of quick cash? Apply for salary Jipange loan today and get up to 200% of your net pay. Repayable in 6 months. For more information on how to apply, call or whatsapp us today on 0703756350. Other Terms & Conditions apply. https://t.co/bRReN8LP4a https://t.co/GS1eX5i51l Kencreamsacco photo
Apply for Non_checkoff loan today, repayment period is now up to 24 months. For more information about this amazing product follow this link: - https://t.co/cr8Kzfc7dJ #FowardTogether! #NONCHECKOFFLOAN https://t.co/WDHbWhJf5o Kencreamsacco photo
The recruitment campaign is still ongoing, recruit your colleagues, family and friend to join or process their salaries through Kencream Sacco and earn Ksh 500 for every successful recruitment. This offer Valid until 31st DEC 2022. ForwardTogether! https://t.co/r6LEwlcsZX Kencreamsacco photo
Consumer loan has so much more: its BIGGER and BETTER...Get all house hold appliances or own a Poa tank of any desired size. We pay for you, unalipa pole pole. For more info reach us on 0703756350. Check out the items on https://t.co/WhZv12dAHv , https://t.co/7gItRfFyop https://t.co/FSla9mY8Jz Kencreamsacco photo
error: Content is protected !!