Verified 12 September 2026

NCBA asset finance for vehicles and equipment

By Arnold Ochieng · NCBA Bank Kenya hub · paybillke is an independent guide and is not affiliated with NCBA Bank Kenya.

NCBA finances vehicles, new and used, personal and commercial, and business equipment. The bank pays the supplier, you repay NCBA over an agreed term, and the asset itself is the security. Asset finance is one of the things NCBA is best known for.

How the structure works

You find the asset and agree a price with the supplier. NCBA pays the supplier directly, you put down a deposit, and you repay the balance over the term. Because the asset secures the loan, the bank's risk is lower than on unsecured lending, and the pricing reflects that. The flip side is that the asset can be repossessed if you default, which is the part worth being clear-eyed about before you sign.

What you will be asked for

Your ID and KRA PIN, proof of income for an individual or business records for a company, and the details of the asset itself including a proforma invoice from the supplier. For vehicles, expect a valuation on anything used. NCBA takes applications through an asset finance form on its site, or through a branch or relationship manager.

The numbers to get in writing

The deposit percentage, because it decides how much cash you need on day one.

The rate and whether it is fixed or variable, since a variable rate on a five-year term is a different product from a fixed one.

The total repayable over the full term, which is the only number that lets you compare two offers honestly.

Insurance, who arranges it and whether the premium is financed into the loan.

Early settlement, and whether settling ahead of schedule actually saves you interest or attracts a penalty. Our early settlement calculator shows what the difference is worth.

Weighing it against the alternatives

For a vehicle, asset finance from a bank generally costs less than a logbook loan, which is priced for speed and for borrowers the banks have declined. If you are choosing between routes, our logbook loan versus bank car loan comparison sets the two side by side, and the asset finance hub covers the wider market.

About this guide

Independent guide. paybillke is not NCBA Bank and has no commercial relationship with it. Paybill and USSD details were checked against NCBA's own site on 12 September 2026. Rates, fees and product terms change, so confirm anything you are about to act on with NCBA directly on ncbagroup.com/ke or 0800 720 444.

Frequently asked

What does NCBA asset finance cover?

Vehicles, new and used, personal and commercial, and business equipment and machinery.

How do I apply for NCBA asset finance?

Through the asset finance application on ncbagroup.com, or a branch or relationship manager.

What do I need to apply?

ID, KRA PIN, proof of income or business records, and the asset details including a supplier proforma invoice.

Can the vehicle be repossessed?

Yes. The asset secures the loan, so default can lead to repossession. Ask what the process and notice period are before signing.