Buy or take a loan against your car [heading size="h3" style="underline uk-panel-title"]Product Description[/heading] [list style="uk-..." /> Buy or take a loan against your car [heading size="h3" style="underline uk-panel-title"]Product Description[/heading] [list style="uk-..." /> Car loan - Safaricom SACCO

Call Us (+254) 722004065, (+254) 722002685

Car loan

Buy or take a loan against your car  

Product Description

  • Loan limit from 300,000.00 to  3,000,000.00
  • Multiplication factor 3 times the deposit
  • Interest rate 1% per month on reducing balance
  • Age limit of vehicle should not be more than 9 years - 1st registered 2005 and after
  • SACCO Financing up to 80% of valuation of the car
  • Must have SACCO comprehensive Insurance Cover
  • Original Logbook will be security for the loan
  • Maximum Loan Repayment period - 48 Months
  • The Car should for Private use and not PSV.
  • Car must be purchased locally

Requirements

  • Loan application duly filled.
  • Member submit official search from KRA.
  • Valuation report from Automobile Association of Kenya(AA Kenya) certifying the the car is in good condition.
  • 2 copies of signed transfer form of the applicant.
  • Sale Agreement.
  • Latest cerified copy of Payslip (Those on Employmemt), three months Bank Statement certified and stamped (Those Not on Employment).
  • Copy of ID or valid Kenya Passport.
  • Member must have saved for atleast 6 months (BOSA).

Last modified on Sunday, 01 October 2017 12:21
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Our Vision and Mission

To be the financial services partner of choice

 

We transform our members’ lives through provision of affordable, innovative and accessible financial services

Our Location

We have two offices in Nairobi:

Main Office, Westlands Safaricom Care Centre (SCC) First Floor.

JCC Office, Mombasa Road, Sarin Park (JCC) Ground Floor

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