Ngao Import 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.

Ngao Credit

Import Car Finance
Easy Apply
Up to 60% of total estimated cost
1 month - 3 years
Interest Rate
3.5% - 10% per month
Total Cost Including Institution's Other Fees
3.8% - 15% per month
No CRB check required
visit website
Easy Apply

Loan Type

Car Loan

Loan Cost

  • Monthly Interest tiers:
  • 1 month: 10%
  • 2-5 months: 5.5%
  • 6-12 months: 5%
  • 13-36 months: 3.5%
  • Processing Fee: 3%
  • Credit Insurance: 1.9% - 6.8%
  • Late fees: 6.5% of monthly installment

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

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • Car Age: 8 years
  • % Financed: Up-to 60% of Total Estimate Cost
  • Minimum tenure: 1 Month
  • Max tenure: 36 Months
  • Minimum Amount: 100,000
  • Max amount: 5,000,000
  • Repayment Frequency: Monthly


  • 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

Money254 Review


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


  • Relatively high interest rates

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

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


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 - sign up for our newsletter today.

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.