Gulf African Bank - Auto Finance

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This product is designed for salaried individuals who want to purchase new or used vehicles.

  • Access to other GAB Finance Products.

  • Competitive profit rates.

  • Personalized service.

  • Free financial consulting

  • Flexible monthly installments up to 48 months.

  • The product is shari’ah compliant

  • Financing both new and used cars

  • Financing from a minimum of Kshs.500, 000.

  • Duly completed facility application form.

  • Pay slips for the last 3 months.

  • Letter of introduction from employer.

  • Original/Certified bank statements for the last 6 months.

  • Copy of ID/Passport & Copy of PIN Certificate.

  • 3 colored passport size photos.

  • Copy of log book for vehicle.

  • Commitment levels at 50% of income.

  • Proforma Invoice/Sales agreement and Original Valuation Report.

ASSET TYPE

STATUS

PERCENTAGE OF FINANCING

PAYMENT PERIOD

Personal Motor Vehicle

NEW

Up to 80%

Max 4 Year

USED:1-5 Years

Up to 70%

Max 4 Year

USED:5-7 Years

Up to 70%

Max 3 years