Auto Equity Loan
CBA Auto Equity Loan will help you get the cash you need quickly without you having to sell your vehicle. You can now borrow as little as KES 100 000 and pay back conveniently in personalised scheduled installments without requiring a lump sum pay-off.
What the CBA Auto Equity Loan offers you.
- Capital expenditure or working capital.
- Minimum loan of KES 100 000.
- Maximum loan is subject to 50% value of car (determined by serviceability).
- Up to 3 years.
- Fortnightly or monthly.
Loan to Value Ratio
- 50% of the value of the vehicle.
Type of Vehicles (Accepted as security)
- Private and commercial vehicles e.g. trucks, saloon cars and pickups.
- A duly completed application form.
- 2 transfer forms signed in black.
- A vehicle valuation carried out in the bank’s panel.
- Vehicle to be fitted with a tracking device.
- You should have comprehensive insurance on the motor vehicle.