Helping you get the vehicle you want, fast

Designed to assist members to purchase a vehicle for personal or commercial use.

  • The maximum amount borrowed shall not exceed four (x4) times the member’s deposits.
  • The maximum amount is Kshs. 5 million.
  • The SACCO will finance 80% of the market value of the motor vehicle.
  • Interest is charged at 1% per month on reducing balance.
  • The maximum loan term will be 48 months.
  • A valuation must be done by the Registered automotive at member’s cost.
  • The vehicle will be owned jointly by the member and KNADS until loan clear.
  • You can refinance a motor vehicle loan if you have paid for the last 6 months.
  • Refinance fee of 2% on loan balance will be charged.
  • A non-refundable processing fee shall be recovered from the new loan as follows:
      • 1.5% for loans below Kshs 9 million and
      • 2% for loans above Kshs 9 million