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

Do you know you can get a Super Loan of UPTO 4 times your savings. We can also buy your bank loan and ease you that burden. Apply today and fulfil your dreams. For more information, call or Whatsapp us on 0703756350. #Kencreamcares. #ForwardTogether! https://t.co/jgDpX6s86Q Kencreamsacco photo
We wish a happy and peaceful #EidAlFitr to everyone celebrating. Save and borrow easily with Kencream Sacco. ForwardTogether! https://t.co/NLIz9hOthm Kencreamsacco photo
Do you have plans for the long weekend ahead?, usikose cash!. Get an instant weekender loan of up to Kshs. 10,000 repayable in 1 month with no guarantors needed. For more information and queries Call/WhatsApp us on 0703756350. Apply and receive today. Terms & conditions apply. https://t.co/bhJi2d24Ex Kencreamsacco photo
We love hearing from you 🤗
Share some of your experiences you have had with us.
Call/WhatsApp us on 0703756350 or email us at info @kencreamsacco.co.ke #FowardTogether https://t.co/dmfDgg517C
Kencreamsacco photo
Dear Member, The school opening date is fast approaching. Access school fees loan and take charge of your Child's future. Call/Whatsapp us via 0703756350. Usikwame! #SchoolFees #FowardTogether https://t.co/51S40lNB9C Kencreamsacco photo
We love hearing from you 🤗
Share some of your experiences you have had with us.
Call/WhatsApp us on 0703756350 or email us at info @kencreamsacco.co.ke #FowardTogether https://t.co/8to5xvbXPb
Kencreamsacco photo
error: Content is protected !!