Your chance to afford and buy the car you always wanted.
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Details

Good things come in many shapes and sizes. Is it that big, powerful, rugged car or maybe it is that snazzy, fuel efficient, comfortable city car? Whatever the shape or size, we have all at different points in time, coveted a certain car. With the Standard Chartered Auto Loans, here is your chance to afford and buy the car you always wanted.

Features

  • Finance available for both new and used cars.
  • High loan amount of up-to Kes 10M for new cars and upto Kes 5M for used cars.
  • Financing of upto 90% for new cars and 80% for used cars.
  • Repayment period of upto 5 years (60 months).
  • Peace of mind knowing that we will finance both the cost of insurance and car tracking device*
  • Attractive premium on comprehensive insurance, significantly lower than what is available in the market.
  • Fast hassle free processing.

Eligibility

    • Salaried with a minimum gross salary of KES 75,000 per month*
    • Salary account with Standard Chartered Bank before the loan is disbursed.

     

  •     Documents Required
    • Introduction letter from employer on company letterhead
    • Proof of income (certified copy of pay slip) and last 6 months bank statement (for new accounts)
    • Copy of ID / passport
    • 1 x passport sized photograph for new customers
    • PIN certificate
    • Proforma Invoice

    Additional requirements for used vehicles:

    • Log book
    • Valuation report
    • Sale agreement

FAQs

    • What is your current interest rate for the Auto Loans?

      Our interest rates vary and are competitive, for both New and Used Cars, currently one of the best on the market. Ask our consultants about the current rate.

    • Do I have to have an account with you to apply for an Auto Loan facility?

      Yes, you need to have an account with us to enjoy the autoloan facility. If you have don't have an account with us, you can still apply for the auto loan with a confirmation from your employer that thay will transfer your salary to the new Standard Chartered Current Account and we will process your loan.

    • How long does it take for a loan to be approved?

      Once your loan application is received at the branch, we will acknowledge receipt of your application through SMS within 24 hours.

    • Do I need to have insurance on the car?

      Yes, you will need to take out comprehensive insurance on your car. The bank has negotiated a very attractive rate with our insurance partners to make the premium very affordable. The bank will finance the insurance along with the loan. Terms and Conditions apply.

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Calculator

Please fill in the following information for an estimation of your repayment amount. The Approximate Monthly Repayment figure for Auto Loan is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final interest rate and amount that can be borrowed.

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(020) 329 3900
0722-203666
0732-143900

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