FIRST CAPITAL LIMITED
Okolea Mathree
FINANCE AGAINST LOG BOOKS WITH OR WITHOUT COMPREHENSIVE COVERS (OKOLEA MATHREE & TAXIS)
This is financing provided to matatus and taxi operators to handle all vehicle repairs, upgrades and mechanical issues.
This is financing provided to matatus and taxi operators to handle all vehicle repairs, upgrades and mechanical issues.
How old should my vehicle be?
The vehicle should not be older than 16 years by the time you clear your loan with the institution.
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 or through our appointed agents.
Is there a minimum amount I can borrow?
Yes. The minimum amount you can borrow is Kshs. 100,000.
What is the minimum and maximum loan tenure for the loan?
Minimum of 6 months and maximum of 12 months.
What is the rate of Interest?
FCL charges a fixed interest rate of 4% pm.
Are there any other charges?
Yes. We charge loan processing fee of 3% and a loan insurance fee of 2% of the loan amount.
What is the maximum amount of loan I can get?
Up to Kshs. 150,000 for town service matatus or Taxis and Kshs. 300,000 for those traversing counties.
How long does it take for me to get the 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