Owning a car is a dream of many Kenyans. Our troubled public transport system has transformed the desire to drive your own car from a simple luxury to a necessity. That said, for many Kenyans, affording a car out rightly is also a bit of a big ask. Good cars, even used ones, remain highly priced with most Kenyans needing to get some loan of sorts to afford a car. Unfortunately, even with various providers providing car loan facilities, getting a car loans has remained a tricky affair for most Kenyans.
The main reason accessing a car loan is a tricky affair is because many lenders price their loans highly. Kenyans therefore have this fear that they could sign the dotted line , acquire the car , but thereafter find themselves unable to repay their car loan and thus lose the car via repossession. This fear is not unfounded. They have seen many of their friends suffer the same fate.
This is where Situ’s hassle free Car Financing plan has been such a welcome idea for many Kenyans. There are a couple of reasons why Situ’s car loan is a much better idea than your ordinary car loan:
1) Affordable rates
Situ is by far, one of the cheapest car loan providers in the market. A 2.6% flat rate enables you to afford easy repayment installations. If one buys a car worth 500,000/- and raises 40% deposit ( 200,000) , they can decide to repay just a thousand bob a day and their car loan will be over in just one year. This, even if the person is using the car for taxi business , is easily affordable and can be sustained by the business.
2) Quick approval time & disbursement
Time is money. Once you have identified what vehicle you are interested in, there is no need to push you in circles trying to decide how to finance the car loan. Once you prove that you qualify for the loan, a process that can take less than 30 mins to ascertain, you get your car loan disbursed to your car seller in a record 24 hours.
3) No hidden charges
Situ Credit offers no hidden charges on their loans. We operate on transparency to help our borrowers plan their repayments accordingly. This kind of openness is the reason why Situ Credit has gained a very high number of new clients lately while maintaining their previous one.
4) Guidance in car selection
Sometimes the very help you need is in deciding which car to get a car loan for. Once you choose the car of your choice, we can help , through our valuers and other related car experts to advice you if the deal is worth it. This especially applies to those who but used cars , which is way more than 90% of the car market.