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Personal Loans May 26, 2026: Debunking Car Finance Myths: What You Really Need to Know

Think you know everything about car finance? Think again. We debunk common myths and reveal the truths behind car loans, including what to watch out for.

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MOGO Car Loan Kenya
Auto

18.0–36.0% APR $100k–$2.5M 6–48 mo ⚡ Fast approval, same-day disbursement possible

Kenyan citizen or resident · Age 21+ · Valid driving licence

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I&M Bank Car Loan
Auto

14.0–18.0% APR $500k 12–48 mo ⚡ 3-5 business days

Kenyan resident · Aged 18+ · Proof of income

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Watu Gari Car Finance
Auto

20.0–36.0% APR $200k–$5M 12–48 mo ⚡ 48 hours

Kenyan resident · Aged 21+ · Valid driving licence

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Stanbic Bank Vehicle Loan
Auto

13.0–18.0% APR $500k 12–60 mo ⚡ 3-5 business days

Kenyan citizen or resident · Regular income · Comprehensive insurance

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DTB Car Finance
Auto

13.0–17.0% APR $500k 12–72 mo ⚡ 3-5 business days

Kenyan resident · Aged 18+ · Regular income

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I&M Bank Personal Loan
Personal

13.0–16.0% APR $50k–$5M 12–72 mo ⚡ 2-5 business days

Kenyan resident · I&M account · Regular salary

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