Asset Finance

Get help acquiring moveable assets

Asset Finance

Asset finance is available to business account holders and is intended to assist in the acquisition of moveable assets, such as, motor vehicles, pick ups, buses and lorries. Other assets include: tractors, heavy earth moving equipment, machinery and motor cycles.

Features

  • Receive up to 80% financing for brand new vehicles
  • Loan repayment period of up to 4 years for brand new vehicles
  • Up to 70% financing for used commercial / personal vehicles
  • Loan repayment period of up to 3 years for used commercial / personal vehicles
  • Up to 60 % financing for used PSV vehicles
  • Loan repayment period of up to 2 years for used PSV vehicles
  • Minimum monthly income for eligibility - KES 10,000
  • Low minimum loan amount
  • No maximum loan requirement
  • Insurance for vehicles / equipment will remain comprehensive for the period the asset is under finance, unless exceptions are sought
  • Repayment period from 1 to 4 years

Benefits

  • Get loan approval within 48 hrs
  • Acquire an asset and pay for it in affordable instalments while you utilise it
  • The loan application process is simple, fast and friendly
  • Affordable pricing

Requirements

  • All used assets must not be older than 10 years at the end of loan expiry
  • Pre-printed application form (available at all Family Bank branches)
  • Bank statements for a period of 6 months
  • Copy of National ID / passport and KRA PIN
  • Pro-forma Invoice from the dealer / seller
  • Copies of logbooks for other motor vehicles owned by the applicant
  • Year of manufacture of vehicle should not be more than 12 years as at loan expiry
  • Recent AA / Regent Automobile valuers and assessors valuation (used vehicles)
  • Copy of logbook (used vehicles)
  • Sale agreement
See also
Get Started

Download any available documents or visit your nearest branch for more information.

View available documents & forms