Car Financing in Kenya: Top Picks for October 2026

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.

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.

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.

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.

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.

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.