Hakki Local Car Finance: Product Details & How to Apply

Rates available from as of 1st April 2021
Customise your results to find loans you're eligible for by answering 5 more questions
Customize Results
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.

Hakki Car Finance

Local Car Finance
Easy Apply
Up to 80% of car's market value
3 months - 4 years
Interest Rate
Total Cost Including Institution's Other Fees
2.57% - 3.16% per month
Typically approved within 6 hours
visit website
Easy Apply

Loan Type

Car Loan

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.

Money254 Review


  • 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

See other Auto Loans available in Kenya on Money254

Whether you’re looking to keep business moving, support your hustle, or get your dream car, we are here to help you find the best car loan for your circumstances today.

See all Auto Loans on Money254

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


Download the new Money254 App and don’t miss out on your next opportunity.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

Welcome to Money254!

Money254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast, and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected. Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.

Explore all Products on Money254
No items found.

Stay up to date with your money - download the new Money254 App Today

Get it on Google Play

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.