Bank Financing
Traditional lender-based vehicle finance.
- Usually structured as a secured vehicle loan
- Rates and tenure depend on the bank
- Income and credit assessment may apply
- Deposit requirements vary by lender
Car financing at Univas Auto
Choose the Right Finance Plan for You
Understand the most common ways to finance a vehicle, what lenders normally look for, and how to compare affordability before making a decision.
Trusted optionsCompare different financing structures
Flexible termsTenure and deposit vary by provider
Wide car choiceMatch the plan to the right vehicle
Understand your options
Compare Finance Solutions
Different needs call for different structures. Use this guide to understand the key differences before speaking with a lender.
Dealer Financing
Finance arranged through a dealership or partner.
- Often coordinated alongside the vehicle purchase
- Terms can differ by dealer and finance partner
- Convenient when comparing a specific vehicle
- Review all fees and total payable amount
Hire Purchase
Use the vehicle while paying agreed instalments.
- A deposit is commonly required
- Instalments are paid over an agreed period
- Ownership usually transfers after final payment
- Terms depend on the provider and contract
Repayment Example
A simple illustration of how tenure and rate can affect monthly repayments.
Illustrative vehicle priceKES 3,200,000Example deposit (20%): KES 640,000
| Example | Rate* | Tenure | Est. monthly |
|---|---|---|---|
| Bank style | 12% | 60 months | KES 56,946 |
| Dealer style | 14% | 48 months | KES 69,956 |
| Hire purchase style | 16% | 48 months | KES 72,551 |
*Illustrative figures only, calculated on a financed amount of KES 2,560,000 using standard amortisation. Actual rates, fees, deposits and repayments vary by provider and applicant.
Commonly Requested Documents
Requirements differ, but lenders often ask for some of the following.
Valid identificationNational ID or passport, depending on the lender
KRA PINOften requested for individual applications in Kenya
Proof of incomePayslips, business records or other income evidence
Bank statementsRecent statements may be requested for affordability checks
Proof of residenceUtility bill or another accepted proof of address
Before you choose a plan
Compare the complete offer
A monthly payment can look attractive while the total cost is much higher. Review the whole agreement before committing.
- Interest or profit rate
- Deposit and financed amount
- Fees, insurance and penalties
- Total amount payable
FINANCING INFORMATION
Understand the numbers before choosing your next car.
Use this page as a general guide, then compare the official terms provided by your chosen lender or financing provider.