Mogo Local Car Finance: Product Details & How to Apply is not a lender. We verify loan rates and provide cost breakdowns from Kenya's top lenders to help you apply for loans with confidence.
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Good for people with good credit who do not want to pay upfront fees
Local Car Finance
Loan Amount
Up to 75% of car's Forced Sale value
Loan Period
6 months - 5 years
Interest Rate
2.1% - 2.6% per month
Total Cost
(incl fees)
4.28% - 5.43% per month
Product Details
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Loan Cost

  • Minimum Monthly Interest : 2.1%
  • Maximum Monthly interest: 2.6%
  • Processing Fee: 2%
  • Application fee: 10%
  • Monitoring fee:$20 monthly

Loan structure

  • Type: Secured
  • Interest structure: Reducing balance

Loan  Details

  • Car Age: No restriction
  • % Financed: Up-to 75% of Market Value
  • Minimum tenure: 6 Months
  • Max tenure: 60 Months
  • Min Amount: ksh100,000
  • Max amount: ksh2,500,000
  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Late fees: 1% daily (of monthly installment balance)


  • KRA Pin
  • ID
  • 6 months Mpesa statements
  • 6 Months Bank statements
  • 3 months payslips if employed
  • Valid Driving License
  • Pro-forma Invoice/Sale agreement
  • Original Logbook

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh500,000
  • Example Loan Tenure: 12 months
  • Representative APR: 30%
  • Processing & Application Fees: ksh60,000
  • Other Fees: ksh27,000
  • Total Loan Repayment Amount: ksh760,848
  • Monthly Loan Repayments: ksh65,515

This product is provided by Mogo Auto. Mogo Auto 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 75% of Forced Sale value of the car.
  • Can finance from a dealership or individual
  • Long repayment period of 60 months.


  • CRB Status checked
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Mogo Auto Car Loan is financing given to individuals who wish to purchase a personal/ private use vehicle from a car dealership or an individual. They offer car financing of up to 80% of the car’s market value.

Who is Eligible for Mogo Auto Car Loan?

Mogo Auto Car Loan Security/Collateral 

Mogo Auto Car Loan Limits and Interest Rates

‍Total Upfront Fees

Mogo Auto Car Loan Interest Structure

Estimated Total Minimum and Maximum Monthly Cost of Mogo Auto Car Loan

How to Apply for Your First Mogo Auto Car Loan

How to Make Mogo Auto Car Loan 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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