Car Loan

At Royal Microfinance Plc., we make it easy for you to purchase the vehicle you need — whether it is a family car, SUV, van, truck, or business-use vehicle. Our Car Loan offers competitive rates, flexible repayment plans, and a simple application process designed to support your personal or business goals.

• Loan Amount: Borrow up to USD 50,000, depending on the type and value of the vehicle.
• Long Repayment Term: Enjoy flexible repayment up to 60 months.
• Repayment Method: Annuity.
• Competitive Interest Rates: Attractive interest rates with fixed monthly installments for easier financial planning.
• Fast & Simple Approval: Quick processing time and friendly support from our lending team.
• High Financing Support: Finance up to 75% of the vehicle value when using a Car Cardkry / Tax Paper as security and up to 100% of vehicle value for mortgage collateral as soft title deed or hard title deed.

Car Loan is available for:

• Salary income earners
• Business owners
• Family-owned business operators
• Individuals purchasing a car for household or business needs

We finance a wide range of vehicles including:

• Family cars & personal-use vehicles
• SUVs and pickup trucks
• Business-use cars (delivery vans, trucks, service vehicles)
• New or second-hand vehicles (based on valuation and useful life)

Applying is quick — just prepare:

Personal Documents

• National ID Card or Passport
• Family Book or Residential Book
• Recent 4×6 photo

Income Proof

• Payslip or salary certificate
• Bank statement (latest 3 months)
• Business income documents (if self-employed)

Vehicle Documents

• Car Cardkry or Tax Paper
• Sale and purchase agreements

1. Visit any Royal Microfinance branch or call our contact number.
2. Submit documents to our Lending Officer.
3. Sign loan contract and complete vehicle purchase

Our team is ready to assist you at every step.
Call us: 023 970 777 or 081 495 666