Hakki Local Car Finance: Product Details & How to Apply

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Good for people with good credit who do not want to pay upfront fees
Hakki Car Finance
Local Car Finance
Loan Amount
Up to 80% of car's market value
Loan Period
3 months - 4 years
Interest Rate
2.57% per month
Total Cost
(incl fees)
2.57% - 3.16% per month
Product Details
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Loan Cost

  • Minimum Monthly Interest: 2.57% (for 70% and below financing)
  • Maximum Monthly interest: 3.16% (for 80%- 71% financing)
  • Processing Fee: ksh30,000 for loans above ksh150,000

Post-approval fees

  • Valuation: ksh3000

Loan structure

  • Type: Secured
  • Interest structure: Reducing balance

Loan  Details

  • % Financed: Up-to 80% of Market Value
  • Mileage: Maximum 150k KM
  • Year of Manufacture cut-off: 2008
  • Minimum tenure: 1 Month
  • Max tenure: 60 Months
  • Min Amount: ksh100,000
  • Max amount: ksh3,000,000
  • Repayment Frequency: Monthly
  • Early Repayment allowed


  • KRA Pin
  • ID
  • 6 months Mpesa statements
  • 6 Months Bank statements
  • 6 months payslips if employed
  • Employment letter
  • Detailed physical address

Representative Example of Loan Costs

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 37.2%
  • Application fees: ksh20,000
  • Estimated Total Loan Repayment Amount: Ksh167,088
  • Estimated Monthly Loan Repayments: ksh13,924

This product is provided by Hakki Africa. Hakki Africa is a Non-deposit taking Microfinance Institution duly registered under the Companies Act No 17 of 2015.

Our Review
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  • Will Finance up to 80% of Market value of the car.
  • Can finance from a dealership or individual


  • Car mileage should not exceed 150k KM
  • Car should not be older than 15 years
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Hakki Local Car Finance is financing given to individuals who wish to purchase a personal/ private use vehicle. They offer car financing of up to 50% of the car’s market value.

Who is Eligible for Hakki Local Car Finance?

Hakki Local Car Finance Security/Collateral 

Hakki Local Car Finance Limits and Interest Rates

Total Upfront Fees

Hakki Local Car Finance Interest Structure

How to Apply for Your First Hakki Local Car Finance

How to Make Hakki Local Car Finance Repayments


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Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

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