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Import Duty Finance

Import Duty Finance

Clear Your Imported Vehicle Without Delay

Stuck at the Port? Clear Your Car, Fast.

Importing a vehicle involves significant costs, especially customs duty and port charges. Delays in payment can lead to expensive storage fees (demurrage) that eat into your budget. Our Import Duty Finance is a short-term loan designed to provide you with the exact funds needed to clear your car from the port quickly and efficiently.

Finance Your Import Duty
Import Duty Finance detail

Benefits of Our Import Duty Finance

  • Fast processing to avoid port demurrage charges
  • Financing covers duty, port charges, and other fees
  • Loan amounts from KSh 100,000 to KSh 5,000,000
  • Up to 70% financing for the total clearing cost
  • Competitive interest rates from 2.5% to 7%
  • No CRB checks required
  • Flexible security options, including the imported car's logbook
  • Streamlined process with our clearing agent partners

What You'll Need

To get your import duty financed, please have these documents ready. This will help us expedite your application and get your vehicle cleared faster.

Application Requirements

  • Certified and verified current vehicle logbook as security (at least 6 months old)
  • Bill of Lading for the imported vehicle
  • Vehicle invoice from the seller
  • Copy of your National ID & KRA PIN
  • Six months of bank or M-Pesa statements
  • Comprehensive Insurance Cover for the security vehicle (if loan is above KSh 500,000)

Vehicles We Do Not Finance

Please note that to ensure the quality and security of our assets, we are unable to provide financing for the following types of vehicles.

  • Vehicles with corroded, rusty, illegible, or welded chassis numbers.
  • Salvaged or rebuilt motor vehicles.
  • Vehicles currently held in garages for major repairs.
  • Fully electric vehicles (EVs).
  • Prime movers such as tractors, bulldozers, and other special categories (wheel loaders are considered).
  • Vehicles with a forced sale value below KSh 300,000.
  • Vehicles with outstanding import duty.
  • Buses with a seating capacity above 33.
  • Repossessed vehicles or those in an auctioneer's yard.
  • Vehicles with foreign, parastatal, or ex-GK number plates.
  • Vehicles below 1000cc may only qualify for up to 50% of their value.
  • Vehicles manufactured in China or India.
  • Rare or exotic models (e.g., Jaguars, Mobius, Teslas).
  • Vehicles with registration series KAA-KAZ (unless it is a V8 model).

Persons We Do Not Finance

For regulatory and risk assessment reasons, we are unable to extend our financial services to the following individuals.

  • Disciplined forces and their spouses (e.g., Military, Kenya Police) unless retired.
  • Persons living with disability.
  • Prominent national politicians (e.g., MPs, Senators, Governors) while active in power. MCAs can apply.
  • Prominent lawyers.
  • Citizens of East African Communities (i.e., Rwanda, Tanzania, Uganda, Burundi, Congo, Ethiopia, South Sudan, Somalia).
  • Known fraudsters or individuals with a history of fraud.
  • Forex traders.
  • Persons convicted in a court of law who are out on bond or bail.
  • People living with chronic illness that may impair repayment ability.
  • Persons aged 65 years and above with no permanent source of income.
  • Residents of remote areas (e.g., Northern Kenya, Mandera, Wajir, Dadaab, Lamu).

The Clearing Process

1

Provide Documents

Submit the Bill of Lading, invoice, and other import documents.

2

Get Your Quote

We provide a quote for the total clearing cost and our financing offer.

3

Car is Cleared

We pay the duty and charges directly, and your car is released.

Loan Costs & Fees

Transparent Pricing

We believe in full transparency. Here is a breakdown of the standard fees associated with our loan products. Please note that some fees may vary.

  • Registration/Membership Fee

    One-time fee for new members.

    Ksh 1,400

  • Tracker Fee

    Mandatory for vehicle security and monitoring.

    Ksh 14,000

  • Logbook Search & Entry (NTSA)

    For verification and placing a charge on the logbook.

    Ksh 1,000

  • Logbook Transfer

    Varies based on vehicle CC and the loan product.

    Ksh 6,000 - 9,000

  • Processing Fee

    Covers legal (2%), admin (2%), credit life insurance (2%), and appraisal (1%).

    7% of Principal

  • Risk Fee

    Applicable if the vehicle is too old for comprehensive insurance cover.

    2% of Principal

Frequently Asked Questions

Clear Your Vehicle, Stress-Free

Let us handle the complexities of import duty so you can get your vehicle on the road faster.

Get Help Now

Contact Us

Have questions or want a quote? Fill out the form below and one of our experts will get back to you.