I&M Bank Car Loan
I&M Bank Kenya provides car loans financing up to 80% of the vehicle cost with an interest rate of 14-18% per annum.
Last checked on June 11, 2026. We may earn a commission when you click through.
I&M Bank Car Loan
Updated 4 months agoAPR Range
14.0–18.0%
Amount
KSh500k
Term
12–48 months
Type
car_finance
You'll be redirected to imbankgroup.com
Our Verdict
I&M Bank offers competitive car loan terms but be prepared for a required 20% deposit.
Best For
Best for Kenyan residents looking for substantial financing options, with loans ranging from KES 500,000 to KES 10,000,000.
Watch Out
Approval takes 3-5 business days, which may be longer than some competitors.
Pros
- Financing up to 80% of vehicle cost
- Loan amounts from KES 500,000 to KES 10,000,000
- Flexible repayment terms up to 48 months
Cons
- 20% deposit required
- Approval can take 3-5 business days
- Limited to Kenyan residents only
Full Review
If you're in the market for a car loan, I&M Bank may catch your eye with financing of up to 80% of the vehicle cost. Their rates range from 14% to 18%, making it a reasonable option for many. However, a 20% deposit is mandatory, which could be a hurdle for some borrowers.
Unlike some lenders that offer quicker approval times, I&M Bank's process typically takes 3-5 business days. This may not suit those needing funds urgently. Furthermore, while their loan amounts range between KES 500,000 and KES 10,000,000, it's crucial to consider your repayment ability given the interest rates.
On customer service, experiences can vary, and potential borrowers should ensure they have all necessary documentation ready. Overall, while I&M Bank provides a solid product, those with limited savings or urgent needs might want to explore other options first. For more details, visit I&M Bank's official page.
Who Is This For?
Ideal for Kenyan residents ready to make a significant upfront deposit for vehicle financing.
What Borrowers Say
Borrowers appreciate the financing options but note delays in approval.
Summary
I&M Bank offers solid car financing options, but potential borrowers should be prepared for a deposit and wait time.
About This Loan
Requirements
- Kenyan resident
- Aged 18+
- Proof of income
- 20% deposit
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