Step 1

  • Confirm loan eligibility though the web-portal or inquiry from the office
  • Identify the motor vehicle of your choice which the manufacture date is below 10 years
  • Get sale of agreement from the seller,

Step 2

Fill in the loan application form and attach the following:

  • Sale agreement
  • Payslip
  • Copy of your ID and KRA PIN certificate
  • Copy of Seller’s I.D and PIN certificate.
  • If it is a company certificate of incorporation and KRA PIN certificate.
  • Payment deposits slip of Kshs 3,500 to facilitate valuation and KRA ownership search.

Then submit the application to the Sacco offices

Step 3

  • Once the application is received in the office
  • A letter will be issued instructing our Valuers to inspect and provide value for the vehicle.
  • Upon receiving valuation report, the application will be appraised and presented to the Credit committee for approval.

Step 4

Immediately after approval, the Sacco will provide the following:

  • An undertaking to the seller
  • Letter requesting the insurance to recognize the Sacco interest in the vehicle.
  • Communication to the tracking company to install the tracking gadget
  • Car Agreement form to be filled by the applicant.

The applicant is also expected to provide the following:

  • Car Agreement form dully filled.
  • Signed blank NTSA motor vehicle transfer form
  • Letter from the Insurance company recognizing the Sacco interest in the vehicle
  • Tracking certificate from our pre-qualified provider.

The seller will then be expected to submit the following:

  • Logbook jointly owned by the Sacco and the member.
  • Bank details for the seller

Step 5

Upon receiving the above documents, the funds will be released to the seller, then the seller releases the vehicle to the member.

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Contact Details

Woodlands road, Opposite IFRC
P.o Box 10454 00100
Nairobi, Kenya
Tel 254 020 2733601/3
Mobile + 254 0724 310 626 | 0714 611495 | 0735 000012 | 0731 000196