Car Loan

Buy a car of your choice.

I&M Bank has an arrangement with World Navi (a Japanese Exporter) to finance direct import of cars. This facility is available to both existing clients and new clients as well as local motor dealerships.

Advantages

  • Wider choice of vehicles.
  • Lower vehicle prices.
  • Genuine mileage
  • Pre-shipment vetting.
  • Hassle free logistics.
  • Bridge finance on importation.
  • Competitive finance terms.
  • Insurance is arranged. Insurance Premiums Finance (IPF) available

NB: You can also get financing for a car of your choice for personal use.

Please see below the financing structure:

Asset Type Financing (%) Loan Tenure (Months)
New Saloon Cars 80 48
Used Saloon Cars 70 36


Documents required for a Car Loan

Individuals / Sole Proprietorships

  • Duly completed Asset finance Application Form.
  • Proforma Invoice from the Dealer/Vendor
  • ID copy
  • PIN Certificate
  • Latest pay slip (if salaried)
  • Latest 6 months bank statements (12 months if business is seasonal in nature)
  • Business PIN Certificate (Where applicable)
  • Certificate of Business Registration (Where applicable)
  • Copies of contract where asset sought is meant to meet contractual requirements

2nd Hand vehicles

Additional requirements for all transactions involving second hand assets will require;

  • Market Valuation from the enlisted companies; AA of Kenya, Regent Auto valuers or INFAMA.
  • Copy of logbook.
  • Duly executed Sale Agreement.
  • Search / Copy of records from KRA

Interested in Car Loan?
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