So i once thought that every bank can provide financing for vehicles… but i was wrong with me banking with KCB… I have a long term plan of owning a Light Truck but nichanuliwe na info on what Banks & Saccos offer Trucks financing…Sometimes its better to ask…Afterall we all learn from each other
NCBA
The rules of financing for a sacco are quite simple. You need to have savings and atleast 3 guarantors of the same sacco to get between 2-3 times your savings as a loan. You must have saved for a period of atleast 3-6 months.
Banks can finance but you need to be their customer for a period of time before then. You become co-owners of the property. Your statements should be strong if from a different bank. You require proof of constant income.
Lakini boss umeuliza maswali mob sana leo story ya hii venture. Tukutaftie dereva?
2NK Sacco
Equity huwa wanapeana lorry
Save pesa hadi uwe na 1m then utafute lorry ziko.mingi available mtu amelipa loan 12 months akalemewa. Utapata lorry poa sana na io 1m then monthly unatuma pesa kidogo bank. Kuna group fb ya sellers wa malorry tafuta huko.
About that, infact I know a person who got a very good NPR (KCL) at only 700k. He went and gave the owner 500k, cause he knew him personally. But to get a good truck using this way, you got be very very patient. A good FH *KCM can drain < 2 m from you.