Asset Finance

Scope of the product

We provide asset finance to assist clients acquire new and used movable assets (registrable under the NTSA portal) at competitive interest rates and terms.

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Terms and Conditions


  1. Up to 60% financing of the market value for new and used commercial/personal vehicles with a maximum of ten years from year of manufacture.
  2. Loan tenure will be a minimum of 6 months to a maximum of 24 months.
  3. Interest rate of 4% pm on reducing balance.
  4. Processing fee of 3%.
  5. Loan Insurance 1.5%
  6. All assets must not be older than 12 years at the end of the loan term
  7. Insurance for vehicles will remain comprehensive for the period the asset is under finance.
  8. In charge to be registered against the motor vehicle on the NTSA TIMS platform in favour   of FCL.
  9. Grace period of 45 days from the date of loan disbursement.
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  1. A valuation report to be provided from an FCL approved valuer.
  2. Certified bank/Mpesa statements for a period of 12 months
  3. Copy of National ID / passport and KRA PIN
  4. Signed Original Pro-Forma Invoice from the dealer/seller confirming the cost of the vehicle to be purchased.
  5. Payment remittance advise and a receipt issued by the dealer in respect of the 40% deposit payable by the Client (Client’s contribution)
  6. Copy of logbook.
  7. Comprehensive insurance to be issued by an Insurance Company in the FCL panel of insurers and a letter obtained from the insurer indicating FCL as first loss payee.
  8. A tracking device installed from an FCL approved service provider.
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What is asset finance loan?

loan extended to customers to finance purchase of moveable assets (registrable in the NTSA portal e.g. motor vehicles

What percentage of the value of the motor vehicle is financed?

We finance up to 60% of the cost of the vehicle while the customer contributes minimum of 40% of the cost to be paid directly to the dealer.

Where do I get a valuation report?

You can either get your car valued by Regent or Steering auto valuers.

How do I make an application?

You can make an application physically at any of our branches in Mombasa and Nairobi or you can contact us on our Tel – 0705 474 291, Email –, or through our appointed agents.

What is the minimum and maximum loan tenure for asset finance loan?

Minimum of 3 months and maximum of 24 months.

What is the rate of Interest?

FCL charges an interest rate of 4% pm on reducing balance.

Are there any other charges?

Yes. We charge loan processing fee of 3% and 1.5% Loan Insurance on the loan amount.

Are there any exceptions to this facility?

We do not give asset finance for Tractors and Trailers. Loan approvals are subject to Credit Appraisal.

How long does it take to process the Asset finance?

24 working hours after receipt of ALL documents set out under the requirements aforementioned.

Our Partners

We believe in partnerships to offer our customers the best service.

Contact Us

Get In Touch

We are here to help you 7 days a week and respond within 24 hours.

General Inquiries​

First Capital Limited

11th Floor, NSSF Building Northern Wing, 

Nkrumah Road, Mombasa, Kenya.

T: +254 (041) 2241 220

+254 (0)705 474 291


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