MOGO Car Loan Kenya
MOGO offers car financing in Kenya for any vehicle make or model with down payments starting at 20% and loans up to KES 2.5 million.
Last checked on May 29, 2026. We may earn a commission when you click through.
MOGO's car loan options are appealing for those looking for flexible financing terms on a wide range of vehicles.
MOGO Car Loan Kenya
Updated 11 days ago| APR | Amount | Term |
|---|---|---|
| 18.0–36.0% | $100,000–$2,500,000 | 6–48 mo |
Requirements
Kenyan citizen or resident
Age 21+
Valid driving licence
Decision
Fast approval, same-day disbursement possibleOur Verdict
MOGO's car loan options are appealing for those looking for flexible financing terms on a wide range of vehicles.
Best For
Best for individuals seeking quick approval and a loan amount between KES 100,000 and KES 2.5 million.
Watch Out
Potential borrowers with lower credit scores may face higher interest rates, reaching up to 36% APR.
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About this loan
MOGO offers flexible car financing in Kenya with loans from KES 100,000 to KES 2.5 million and down payments starting at 20%.
What Customers Say
Customers appreciate MOGO's quick service but express concerns about high interest rates for those with lower credit scores.
Expert Analysis
MOGO offers car loans with terms ranging from 6 to 48 months, making it flexible for various financial situations. The down payment starts at 20%, which is competitive compared to many lenders in Kenya.
With an APR between 18% and 36%, those with better credit profiles can secure lower interest rates, but this could result in high costs for others. For example, a KES 1 million loan at 36% APR could mean monthly payments of around KES 30,000.
Approval times are generally quick, with same-day disbursement possible, which is a significant advantage for those needing immediate funds. that MOGO does not secure the loan against the vehicle, which may appeal to some borrowers but also could lead to stricter terms.
Comparatively, companies like KCB and NCBA offer car loans, but their terms and rates vary. Understanding all associated costs is crucial, as hidden fees might impact the overall cost of borrowing. It's advisable to check MOGO's official site for any updates on fees and terms.
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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