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
Talk to Us
Rates & Fees
Interest charged - the Bank’s Base Lending Rate plus a maximum of 4%