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ABSA Bank is one of the best banks in Kenya to get a car loan from. They finance the purchase of your car up to 95%. The repayment period is up to 72 months.
Below are the terms of the loan:
Financing a new car
- Up to 95% financing
- Up to 72 months’ repayment period
- One month repayment holiday
- Credit card option of up to KES300,000
- 100% insurance premium financing
Financing a second-hand car
- Up to 75% financing
- Up to 100% financing for selected car models
- Up to 48 months’ repayment period
- 100% insurance premium financing
- Second-hand car model should not be older than 7 years
Car loan is important at this time because of the appreciation of the dollar. You can buy a car for Ksh 2 million today and after 3 months, the same will cost Ksh 4.5 million.
ABSA Bank Contacts
+254 (20) 3900000 (Landline)
+254 (722) 130120 (Mobile)
+254 (732) 130120 (Mobile)
Chat to Abby on WhatsApp:
+254 710 130000
Email us:absa.kenya@absa.africa
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