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  • Markup Rates

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    Muhammad Ather Iqbal
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    This document outlines fixed and variable interest rate markup percentages for car loans of various durations in Kenya. For fixed rates, the markup rises from 17.5% for a new 1-year loan to 21% for second-hand vehicles over 6-7 years. Variable rates are indexed to Kibor and rise from Kibor + 3.5% for new 2-year loans to Kibor + 5% for second-hand vehicles over 6-7 years.

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    Markup rates

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    This document outlines fixed and variable interest rate markup percentages for car loans of various durations in Kenya. For fixed rates, the markup rises from 17.5% for a new 1-year loan to 21% for second-hand vehicles over 6-7 years. Variable rates are indexed to Kibor and rise from Kibor + 3.5% for new 2-year loans to Kibor + 5% for second-hand vehicles over 6-7 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    5 views1 page

    Markup Rates

    Uploaded by

    Muhammad Ather Iqbal
    This document outlines fixed and variable interest rate markup percentages for car loans of various durations in Kenya. For fixed rates, the markup rises from 17.5% for a new 1-year loan to 21% for second-hand vehicles over 6-7 years. Variable rates are indexed to Kibor and rise from Kibor + 3.5% for new 2-year loans to Kibor + 5% for second-hand vehicles over 6-7 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Car Finance Markup Rates

    Fixed Markup Rates

    1 Year

    2 Years

    3 Years

    4 Years

    5 Years

    6 Years

    7 Years

    Car Loan for Brand New Vehicles

    17.50%

    17.50%

    18.00%

    18.50%

    18.50% 18.50%

    18.50%

    19.00%

    19.00%

    19.00%

    19.00%

    19.00%

    -NA-

    -NA-

    20.00%

    20.00%

    20.00%

    20.00%

    20.00%

    -NA-

    -NA-

    21.00%

    21.00%

    21.00%

    21.00%

    21.00%

    -NA-

    -NA-

    Car Loan for Brand New


    Imported Vehicles
    Brand New Semi Com. Vehicles
    (Local Make)
    Second Hand Vehicles

    Variable Markup Rates


    Car Loan for brand new vehicles
    Car Loan for brand new imported
    vehicles
    Brand New Semi Com. Vehicles
    (Local Make)
    Second Hand Vehicles

    2 Years

    3 Years

    4 - 5 Years

    6 - 7 Years

    Kibor + 3.5%

    Kibor + 4%

    Kibor + 4.5%

    Kibor + 5%

    Kibor + 5%

    -NA-

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