I am interested in the

Get the financial boost you need to get your first car of to just upgrade to a new set of wheels. Long tenures make payment easier and more comfortable for you.

Why choose the Auto Loan

Existing clients get preferential rates

Competitive interest rates compared to the market

Quick turnaround time between request and access to loan

Loan amounts of up to Kes. 5Million

Comfortable tenure of up to 60 months

Eligibility / Documents Required

  • Duly filled application form
  • Current valuation of the asset to be purchased
  • Joint registration of the assets between the bank and the individual/entity
  • Should be an existing SBM account holder
  • Have a good ratings on CRB
  • Three blank signed transfer forms
  • Minimum net pay of Kes. 15,000
  • Consistent income for the past 12 months

 

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Rates & Fees

  • Interest charged - Central Bank Rate(CBR) + 4% on reducing balance
  • Processing fees - 3%
  • Credit Life on principal - 0.35%
Auto Loan