Ngao Import 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 bad credit history - no CRB checks
Ngao Credit
Import Car Finance
Loan Amount
Up to 60% of total estimated cost
Loan Period
3 months - 3 years
Interest Rate
3.5% per month
Total Cost
(incl fees)
3.58% - 6.5% per month
Product Details
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Loan Cost

  • Monthly Interest tiers:
  • 2-5 months: 5.5%
  • 6-12 months: 5%
  • 13-36 months: 3.5%
  • Processing Fee: 3%
  • Credit Insurance: 1.9% - 6.8%

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • % Financed: Up-to 60% of Total Estimate Cost
  • Year of Manufacture cut-off: 2016
  • Maximum tenure: 36 Months
  • Minimum Amount: 100,000
  • Max amount: 5,000,000
  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Late fees: 6.5% weekly (of monthly balance)


  • National ID
  • KRA Pin
  • 6 months Bank statements
  • 12 months Mpesa statements
  • Bill of lading
  • Jevic
  • Japanese Logbook
  • Certificate of road worthiness
  • IDF
  • Original Commercial Invoice

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh500,000
  • Example Loan Tenure: 12 months
  • Representative APR: 60%
  • Total Loan Repayment Amount: Ksh834,000
  • Monthly Loan Repayments: Ksh69,500

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

Our Review
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  • Up-to 60% of the total Estimate cost Financed.
  • Waiver on interest on early repayments
  • No CRB Checks


  • Relatively high interest rates
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Ngao Credit Import Finance is financing given to individuals who wish to purchase personal or private use vehicles from Japan or other overseas dealers. 

Ngao Credit offers financing for 60% of the overall cost of the vehicle (i.e., the whole cost of importing the car, clearing, and paying duty), thus the client will be responsible for the 40% deposit to expedite the end-to-end procedure.

Who is Eligible for Ngao Credit Import Finance?

Ngao Credit Import Finance Security/Collateral 

Ngao Credit Import Finance Limits and Interest Rates

Total Upfront Fees

Other Fees

Ngao Credit Import Finance Interest Structure

Estimated Total Minimum and Maximum Monthly Cost of Ngao Credit Import Finance

How to Apply for Your First Ngao Credit Import Finance

How to Make Ngao Credit Import 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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