Question 1

What is car financing?

Accepted Answer

Car financing allows you to buy a vehicle without paying the full purchase price upfront. You pay a deposit, while EasyGari finances up to 60% of the vehicle's market value. The remaining balance is repaid through affordable monthly installments.

Question 2

Who qualifies for car financing?

Accepted Answer

Anyone who can demonstrate the ability to repay the loan may qualify for car financing. We assess every application individually based on our lending criteria.

Question 3

Do I need a payslip?

Accepted Answer

No. You do not need a payslip to apply for car financing. Instead, we assess your ability to repay the loan by reviewing your financial transactions through your bank statements or M-Pesa statements.

Question 4

Can I qualify if I'm self-employed?

Accepted Answer

Yes. Self-employed individuals are welcome to apply for car financing. Your application will be assessed based on your financial records and supporting documents.

Question 5

Does my CRB status affect my application?

Accepted Answer

Not necessarily. A CRB listing does not automatically disqualify you from applying. Every application is assessed individually according to our lending criteria.

Question 6

What documents do I need?

Accepted Answer

National ID / Passport KRA PIN Certificate Six months' bank statements or M-Pesa statements, depending on the financing amount Our team will advise if any additional documents are required.

Question 7

How much can EasyGari finance?

Accepted Answer

EasyGari finances up to 60% of the vehicle's market value. You'll contribute the remaining amount as your deposit.

Question 8

Do you offer 100% car financing?

Accepted Answer

No. EasyGari finances up to 60% of the vehicle's market value.

Question 9

How much deposit do I need?

Accepted Answer

Your deposit depends on the value of the vehicle. Since EasyGari finances up to 60% of the vehicle's market value, you'll contribute the remaining amount as your deposit.

Question 10

Can I pay a larger deposit than the minimum required?

Accepted Answer

Yes. You can contribute a larger deposit if you wish. A higher deposit reduces the amount financed, which can lower your monthly repayments.

Question 11

How are my monthly repayments calculated?

Accepted Answer

Your monthly repayment depends on the amount financed and your chosen repayment period.

Question 12

What is the maximum repayment period?

Accepted Answer

EasyGari offers repayment periods of up to 48 months, depending on your financing agreement.

Question 13

Can I repay my loan before the repayment period ends?

Accepted Answer

Yes. You can settle your loan before the end of your repayment period. If you repay your loan early, the remaining interest will be waived in accordance with your loan agreement.

Question 14

Do you finance used cars?

Accepted Answer

Yes. We finance both new and used vehicles from 2007 onwards, subject to our financing requirements.

Question 15

Do you finance pickups, PSVs and Uber vehicles?

Accepted Answer

Yes. Our financing is not limited to saloon cars. We also finance pickups, PSVs, Uber and Bolt vehicles, and other commercial vehicles that meet our financing requirements.

Question 16

Can I finance a car I'm buying from a friend?

Accepted Answer

Yes. We can finance vehicles purchased from a private seller, provided the vehicle meets our financing requirements.

Question 17

Can I choose any car dealer?

Accepted Answer

Yes. You are free to purchase your vehicle from any dealership of your choice. We also finance vehicles purchased from private sellers, provided they meet our financing requirements.

Question 18

Who pays for insurance?

Accepted Answer

You have two options. You can include the insurance cost as part of your financing, or you can arrange and pay for your own insurance separately.

Question 19

Are there valuation charges?

Accepted Answer

Yes. Vehicle valuation attracts a fee of KSh 3,600.

Question 20

How long does the application process take?

Accepted Answer

Once all the required documents have been submitted and your application has been approved, the process can take as little as 24 hours.

Question 21

When can I collect my car?

Accepted Answer

In most cases, you can collect your vehicle within 24 hours after your application has been approved and the financing process has been completed.

Question 22

What happens if the car costs more than my approved financing amount?

Accepted Answer

If the vehicle costs more than your approved financing amount, you can increase your deposit to cover the difference. In some cases, the seller may also agree to negotiate the selling price.

Question 23

What might cause my application to be declined?

Accepted Answer

Your financial statements indicate that you may not be able to comfortably repay the loan. The vehicle details do not match the information on the logbook. The vehicle does not meet our age requirements. The vehicle has previously been repossessed or does not meet our financing criteria. If your application is not approved, our team will explain the reason and advise you on the available options where possible.

Question 24

Will someone inspect the vehicle before financing?

Accepted Answer

Yes. Every vehicle undergoes a valuation before financing. This helps confirm its market value and ensures it meets our financing requirements.

Question 25

How do I make my monthly repayments?

Accepted Answer

M-Pesa Bank transfer Our team will provide the payment details once your loan has been approved.

Question 26

Can someone else make repayments on my behalf?

Accepted Answer

Yes. Another person can make repayments for you. They simply need to use your National ID number as the account reference when making the payment.

Question 27

Can I change my repayment date?

Accepted Answer

Yes. If you need to change your repayment date, please contact our team. Requests are reviewed in line with your loan agreement.

Question 28

What happens if I miss a repayment?

Accepted Answer

If you anticipate difficulty making a repayment, we encourage you to contact our team as soon as possible so we can discuss the available options.

Question 29

Can I transfer my loan to another person?

Accepted Answer

Yes. Loan transfers may be considered where both parties have a written agreement and the new borrower meets EasyGari's financing requirements.

Question 30

Can I finance more than one vehicle?

Accepted Answer

Yes. Existing customers can apply for financing for more than one vehicle, subject to meeting our lending requirements.

Question 31

What is a logbook loan?

Accepted Answer

A logbook loan allows you to borrow money using your vehicle as security while continuing to drive it. Once your loan is approved, the funds are disbursed, and you repay the loan through convenient monthly instalments.

Question 32

How much can I borrow?

Accepted Answer

The amount you qualify for depends on your vehicle's market value as determined through a valuation. Once the valuation is complete, our team will advise you on the amount you qualify for.

Question 33

How fast can I receive the money?

Accepted Answer

Once your application has been approved and all the required documents have been submitted, funds can be disbursed within 24 hours.

Question 34

What documents do I need to apply?

Accepted Answer

National ID KRA PIN Certificate Original Logbook Six months' bank statements or M-Pesa statements, depending on the loan amount Our team will let you know if any additional documents are required.

Question 35

Do I need a payslip?

Accepted Answer

No. You do not need a payslip to apply for a logbook loan. Instead, we assess your ability to repay the loan by reviewing your financial transactions.

Question 36

Can I qualify if I'm self-employed?

Accepted Answer

Yes. Self-employed individuals are welcome to apply for a logbook loan. Your application will be assessed based on your financial records and supporting documents.

Question 37

Does my CRB status affect my application?

Accepted Answer

Not necessarily. A CRB listing does not automatically disqualify you from applying. Every application is assessed individually according to our lending criteria.

Question 38

Will EasyGari keep my car?

Accepted Answer

No. Once your loan has been approved and processed, you continue driving your vehicle while making your monthly repayments.

Question 39

Will my vehicle be inspected?

Accepted Answer

Yes. Every vehicle undergoes a valuation before financing. This helps determine its market value and the amount you may qualify to borrow.

Question 40

How are my monthly repayments calculated?

Accepted Answer

Your monthly repayment depends on the loan amount approved and your chosen repayment period.

Question 41

What is the maximum repayment period?

Accepted Answer

EasyGari offers repayment periods of up to 24 months. You are also free to clear your loan earlier if you wish.

Question 42

Can I repay my loan before the repayment period ends?

Accepted Answer

Yes. You can settle your loan before the end of your repayment period. Early settlement options are available in accordance with your loan agreement.

Question 43

Can someone else make repayments on my behalf?

Accepted Answer

Yes. Another person can make repayments on your behalf by quoting your National ID number as the payment reference.

Question 44

Can I change my repayment date?

Accepted Answer

Yes. If you need to change your repayment date, please contact our team. Requests are reviewed in line with your loan agreement.

Question 45

What might cause my application to be declined?

Accepted Answer

Your financial statements indicate that you may not be able to comfortably repay the loan. The vehicle details do not match the information on the logbook. The vehicle does not meet our financing requirements. The vehicle has previously been repossessed. If your application is not approved, our team will explain the reason and discuss the available options where possible.

Question 46

How do I make my monthly repayments?

Accepted Answer

M-Pesa Bank transfer Our team will provide the payment details once your loan has been approved.

Question 47

What happens after I finish repaying my loan?

Accepted Answer

Once you have completed your loan repayments and met all the terms of your agreement, your loan will be closed and the security interest over your vehicle will be released in accordance with EasyGari's process.

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