Car Financing Loan

 

Drive your dream car today — pay in flexible installments.

What is a Car Financing Loan?

A Car Financing Loan from Elite Wallet Limited helps you purchase a new or used vehicle without having to pay the full price upfront. Whether you need a car for personal use, business, or ride-hailing services, we make car ownership affordable through structured monthly repayments.

Key Features

  • Flexible Financing Options – Finance up to 80% of the car value.

  • Wide Vehicle Choice – Available for both new and used cars from trusted dealers.

  • Affordable Repayment – Repay in easy monthly installments of up to 60 months (5 years).

  • Quick Processing – Fast approval and disbursement once requirements are met.

  • Insurance Support – Access to affordable comprehensive motor insurance packages.

  • Ownership Security – Car registered jointly with Elite Wallet until full repayment.

Who Qualifies?

You may qualify if you:

  • Are a Kenyan citizen with a valid National ID or Passport.

  • Are employed, self-employed, or running a business with steady income.

  • Provide proof of income (recent payslips, bank or M-Pesa statements).

  • Have a clean credit history with CRB.

  • Can provide a minimum deposit/down payment of 10%–20% (depending on loan terms).

Loan Limits & Terms

  • Loan Amount: Based on car value, repayment ability, and deposit contribution.

  • Deposit: Typically 10%–20% of the car cost.

  • Repayment Period: 12 – 60 months.

  • Interest Rate: Competitive, charged on reducing balance.

  • Security: The financed car serves as collateral until full repayment.

How It Works

  1. Choose Your Car – Select a new or used car from a dealer or seller.

  2. Apply with Elite Wallet – Submit your application with required documents.

  3. Loan Assessment – We evaluate your repayment capacity and car valuation.

  4. Approval & Disbursement – We pay the seller/dealer directly, and you drive away your car.

  5. Repayment – Make monthly installments until the loan is cleared.

Why Choose Elite Wallet Car Financing?

  • Access to trusted car dealers and vetted vehicles.

  • Fast processing and transparent loan terms.

  • Flexible repayment options to suit your income.

  • Insurance and logbook services bundled for convenience.

  • Build your credit history with timely repayments.

Responsible Borrowing

Car financing is a long-term commitment. Ensure you borrow within your means and budget for fuel, insurance, maintenance, and other running costs alongside loan repayment.

FAQs

Q: Can I finance a used car?
A: Yes. Elite Wallet finances both new and used vehicles, subject to car age and valuation.

Q: Do I need security for the loan?
A: The financed vehicle itself serves as collateral.

Q: Can I clear my loan early?
A: Yes, early repayment is allowed and may save you on interest.

Q: What happens if I default?
A: The vehicle may be repossessed as per the loan agreement, and CRB listing may apply.

👉 Apply Now — Get your Car Financing Loan today and start your journey with Elite Wallet Limited.

APPLY LOAN NOW