Frequently asked questions

Car financing is a way of buying a car with a loan. According to the contract, you and Mogo become the joint owner of the car you choose, and you become the user of the same car. When you repay all the fees according to your repayment plan, the ownership of the car is transferred to you.

You can apply for the amount of funding from 100,000 KES to a maximum of 2,500,000 KES with a repayment period of up to 60 months. The minimum downpayment is 20%.

You can apply for car financing in several ways:

• Through this website, fill out an application by clicking here.
• By calling us at 0768 469 112
• By visting one of our branches.

You can apply for car financing services with a maximum repayment period of up to 60 months.

You are obliged to pay monthly installments in accordance with the repayment plan attached to your loan contract. To make it easier for you, you will receive a text message as a reminder of any upcoming payment.

You will need these documents:

• Proof of income – 6 months bank statement
• MPESA statement
• Official payslip (if employed)
• Driver’s license
• Personal ID or passport
• KRA PIN

Full process:

• Pick a potential car to buy
• Fill out an online application or come to a mogo branch
• A preliminary loan offer will be made in 15 minutes
• Submit required documents
• The car is inspected by mogo valuer
• Contract is signed
• GPS is installed in the car
• Client makes downpayment and adds mogo name to the logbook
• Money is transferred to the seller

When applying for car financing, Mogo will ask you to submit the last 6 bank statements or other relevant documents proving the source and amount of income.

It depends on the car value whether or not comprehensive insurance will be required. In each preliminary offer information about comprehensive insurance will be provided.

Mogo uses internal valuers to evaluate the value of the car. In addition we use a modern international assessment model with a huge database, which provides an accurate valuation of each car.

Under the provisions of Motor Vehicles Act Kenya, all the vehicles operating in public places should have car insurance cover with third party car insurance cover. It means that a car insurance policy must cover the third party in case of any accident.

• Proof of income – 6 months bank statement
• MPESA statement
• Official payslip (if employed)
• Driver’s license
• Personal ID or passport
• KRA PIN

• Financing – up to 80% of the car value
•  Loans from 100,000 to 2,500,000 KES
•  Loan term up to 60 months
•  Any car of your choice – no age or make restrictions

The logbook will be jointly registered in your and Mogo Kenya's names. After full repayment of your contract, you will be contacted by a MOGO employee to discharge the logbook to your name.

In the event of an accident or theft, you are obliged to notify relevant authorities, your insurance company, and Mogo Kenya LTD.

It is not allowed to use financed car outside of Kenya.

If you think you can not pay your monthly payment foreseen in the original repayment plan, please contact our customer support experts to offer you a proper repayment plan according to your needs.