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Car Financing in Kenya: Top Picks for October 2026

Explore Kenya's best car financing options with rates starting at 13% and terms up to 72 months. Find the right fit for your budget and vehicle needs.

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Quick Picks

Best for premium purchases: DTB Car Finance.
Best for flexible terms: KCB Car Loan.
Best for fast approval: MOGO Car Loan Kenya.

Car finance options illustration

Comprehensive Bank Options

Bank loans offer stability and long terms. Here are Kenya’s top bank car loans, each with distinct benefits and trade-offs.

DTB Car Finance

DTB offers a standout option for those looking to finance a new car with up to 100% financing available. Their 72-month term is the longest in Kenya, perfect for spreading out large payments. Rates start at 13%, which is competitive, but be prepared for a slower approval process and comprehensive documentation requirements.

Best for Large Amounts

DTB Car Finance

13%
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KCB Car Loan

KCB provides a solid alternative with a competitive 14% interest rate. They finance up to 80% of the vehicle's value with terms extending to 60 months. It’s an ideal choice for those who prefer a trusted bank, but you'll need proof of income and a 20% down payment.

Editor's Pick

KCB Car Loan

14%
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Stanbic Bank Vehicle Loan

Stanbic Bank offers high loan amounts with financing up to KES 15 million, applicable for both new and used cars. Starting at 13% interest, their rates are competitive, though they can climb to 18% based on your profile. This is well-suited for buyers needing significant financing from a reputable pan-African bank.

Most Flexible

Stanbic Bank Vehicle Loan

13%
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I&M Bank Car Loan Kenya

I&M Bank provides structured financing with rates between 14-18% and up to 80% vehicle financing. It's a reliable choice for those needing higher limits, up to KES 10 million, though approvals can be slower due to extensive documentation.

I&M Bank Car Loan Kenya

14%
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While bank loans offer security, fintech lenders bring speed to the table. Let's see how these quick-approval options stack up.

Fast Approval Fintech Loans

For those who need a vehicle quickly, fintech lenders provide rapid solutions, often with less stringent requirements.

MOGO Car Loan Kenya

MOGO Kenya stands out with its fast approval process and flexibility on vehicle age. While their rates start higher at 18%, the 20% minimum deposit is low and terms are flexible between 6 and 48 months. This is a great choice for those needing quick access to funds for older vehicles.

Fastest Approval

MOGO Car Loan Kenya

18%
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If fintechs' speed doesn't quite meet your needs, consider options that balance reliability with accessibility.

Reliable East African Options

Explore lenders known for their strong regional presence, offering reliable financing for both new and used vehicles.

Watu Gari Car Finance

Watu Gari provides up to 80% financing for both new and used vehicles. Their strength in East Africa makes them a reliable option, though a 20% deposit is required and rates aren't publicly disclosed, which could be a drawback for transparency-seeking buyers.

Watu Gari Car Finance

20%
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Car financing decisions are pivotal. It's essential to weigh options based on your financial situation and vehicle needs. If you're comparing lenders, our detailed article on Stanbic vs Standard Chartered: Best Personal Loan for September offers insight into broader personal loan considerations.

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MOGO Car Loan Kenya

MOGO Car Loan Kenya

MOGO Kenya

APR 18.0%–36.0%

MOGO car financing in Kenya for vehicles of any age, make or model. Down payment from 20%, loans up to KES 2.5 million.

DTB Car Finance

DTB Car Finance

Diamond Trust Bank

APR 13.0%–17.0%

Diamond Trust Bank Kenya provides car financing for passenger and commercial vehicles with competitive terms.

KCB Car Loan

KCB Car Loan

KCB Bank

APR 14.0%–19.0%

Vehicle financing from KCB Bank for new and used cars. Finance up to 90% of the vehicle value with repayment periods...

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