Kifedha Credit Local Car Finance: Product Details & How to Apply

Rates available from as of 1st April 2021
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Kifedha Credit

Local Car Finance
Easy Apply
Up to 50% of car's forced sale value
1 month - 1.5 years
Interest Rate
Total Cost Including Institution's Other Fees
5% per month + 10k upfront fees
No CRB check required
visit website
Easy Apply

Loan Type

Car Loan

Loan Cost

  • Monthly Interest: 5%
  • Processing Fee: ksh2400 for loans below 500k and 4800 for loans above 500k
  • Insurance: 0
  • Late fees: 10% of monthly installment

Additional Third-party fees:

  • Valuation:ksh3000
  • Logbook In-charge: ksh2000
  • Car Tracker Installation: ksh3000
  • Logbook Search: ksh2000

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 60%
  • Total Third-Party Fees (See Cost Breakdown): Ksh10,000
  • Total Loan Repayment Amount: Ksh160,000
  • Monthly Loan Repayments: Ksh13,334

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • Car Age: No Limit
  • % Financed: 50% of FS Value
  • Minimum tenure: 1 Month
  • Max tenure: 18 Months
  • Min Amount: ksh100k
  • Max amount: ksh1M
  • Repayment Frequency: Monthly


  • KRA Pin
  • ID
  • 6 months Mpesa statements
  • 6 Months Bank statements
  • 6 months pay slips if employed
  • Detailed physical address
  • Original Logbook

Money254 Review


  • Will finance from an individual or dealerships.
  • No restriction on Car age


  • Finance 50% of FSV

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.

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Kifedha Credit Asset 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 forced sale value.

Who is Eligible for Kifedha Credit Asset Finance?

Kifedha Credit Asset Finance Security/Collateral 

Kifedha Credit Asset Finance Loan Limits and Interest Rates

Total Upfront Fees

Other Fees

Kifedha Credit Asset Finance Interest Structure

Estimated Total Minimum and Maximum Monthly Cost of Kifedha Credit Asset Finance

How to Apply for Your First Kifedha Credit Asset Finance

How to Make Kifedha Credit Asset Finance Loan Repayments

Kifedha Credit Asset Finance Late Fees and Penalties

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