FIRST CAPITAL LIMITED
Asset Finance
Scope of the product
We provide finance to assist clients acquire new and used movable assets
at competitive interest and term rates.
We provide finance to assist clients acquire new and used movable assets
at competitive interest and term rates.
What is asset finance loan?
A loan extended to customers to finance investments in specific assets e.g. motor vehicles
What percentage of the value of the motor vehicle is financed?
We finance 60% of the cost of the vehicle while the customer contributes 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?
A. You can make an application physically at any of our branches in Mombasa and Nairobi or can contact us on our Tel – 0705 474 291, Email – info@first-capital.co.ke.
What is the maximum loan tenure for asset finance loan?
Up to 18 months.
What is the rate of Interest?
FCL charges a fixed interest rate of 3.5% pm.
Are there any other charges?
Yes. We charge loan processing fee of 2% of the loan amount.
Are there any exceptions to this facility?
We do not give logbook loans for PSV vehicles and Tractors. Loan approvals are subject to Credit Appraisal.
How long does it take for me to get my money?
After the loan approval and securities perfection process, the loan is disbursed into your account within 6 working hours.
We believe in partnerships to offer our customers the best service.
We are here to help you 7 days a week and respond within 24 hours.
First Capital Limited
11th Floor, NSSF Building Northern Wing,
Nkrumah Road, Mombasa, Kenya.
T: +254 (041) 2241 220
+254 (0)705 474 291