Phoenix Capital – We Enable, You Prosper
Asset Finance in Kenya
Phoenix Capital Ltd offers asset finance in Kenya for vehicles, machinery and business equipment, with financing of up to 70% of asset value and repayment terms of up to 24 months.
— How This Loan is Different
What Is Asset Finance?
Asset finance is a structured funding facility that lets you acquire a vehicle, machine or piece of equipment and pay for it in instalments, rather than settling the full purchase price upfront. In most cases, the financed asset itself stands as security for the facility, which means you get to put the asset to work — generating income or improving efficiency — from day one, while your cash reserves stay intact for stock, payroll, rent and the everyday costs of running a business.
In Kenya, asset finance is widely used to fund commercial and personal vehicles, construction and earthmoving machinery, agricultural equipment, medical and laboratory equipment, ICT and office equipment, and energy installations such as solar and backup power systems.
Assets We Finance
Below listed are assets we finance:
Vehicle Finance
Saloon cars, pickups, vans, buses, trucks, matatus and boda bodas for personal or commercial use.
Construction & Earthmoving Equipment
Excavators, graders, tippers, cranes, compactors and other earthmoving or contracting equipment.
Medical & Laboratory Equipment
Diagnostic, laboratory and hospital equipment for clinics, pharmacies and health practitioners.
ICT, Office & Industrial Equipment
Diagnostic, laboratory and hospital equipment for clinics, pharmacies and health practitioners.
How It Works
From choosing your asset to putting it to work — a clear, structured path to asset finance.
Choose Your Asset
Get a pro-forma invoice for the vehicle, machine or equipment you want to finance.
Submit Your Application
Apply online or at a Phoenix Capital branch, and upload the required documents.
Assessment & Structuring
A relationship manager reviews your application, verifies the asset and confirms your repayment structure.
Offer Letter & Disbursement
Once approved, you sign the offer letter and the facility is disbursed to the supplier or dealer.
Take Delivery & Repay
Put the asset to work immediately, while making manageable instalments over the agreed term.
— Who Can Apply
Asset finance from Phoenix Capital is open to a broad range of applicants:
- salaried employees and self-employed professionals looking to acquire a personal or income-generating vehicle.
- small and medium enterprises expanding fleet, machinery or equipment capacity.
- corporates and institutions financing large or specialized equipment purchases.
— Eligibility
Who qualifies, and what to bring
- Valid National ID or passport.
- KRA PIN certificate.
- Certified bank or M-Pesa statements for the last 6 months.
- Pro-forma invoice from a recognized dealer or supplier.
- Passport-size photo
Branches available
Head Office is in Kilimani, Nairobi, with branches across the city and beyond.
Kilimani
8th Floor, The Arch Place, Nyangumi Road
CBD Town
12th Floor, Finance House, Loita Street
Hurlingham
4th Floor, Marala Oasis
Buruburu
2nd Floor, Fairline Centre
Utawala
1st Floor, Grey Park Annex
Kiambu
8th Floor, Bishop Ranji House
Thika
1st Floor, Maisha Heights
Kitengela
3rd floor Kitengela Mall
— Apply
Start your application
Frequently Asked Questions
What is asset finance and how is it different from a personal loan?
Asset finance is tied to a specific vehicle, machine or piece of equipment, which typically serves as security for the facility. This generally allows for higher amounts and longer terms than an unsecured personal loan.
What assets can I finance?
Depending on eligibility, you can finance cars, commercial vehicles (pickups, trucks, buses, vans, taxis), boda bodas and other motorcycles, and business assets such as machinery, agricultural equipment, and office equipment.
What deposit do I need to put down?
Deposits typically range from about 10% to 30% of the asset’s value, depending on the type, age, and condition of the asset. A lower deposit is usually available for newer vehicles or well-established equipment categories.
How much of the asset's value can be financed?
Phoenix Capital typically finances 60% to 90% of an asset’s value, with newer vehicles and lower-risk assets qualifying for financing toward the higher end of that range.
What documents do I need to apply?
- National ID and KRA PIN
- Proof of income — payslips, or 3–6 months’ bank/M-Pesa statements for business owners
- A proforma invoice or quotation for the asset from a recognized dealer or supplier
- A reasonably clean CRB record
- For vehicles, an active NTSA TIMS account to facilitate registration
- For businesses, registration documents and basic financial records
What is the interest rate and repayment period?
Because asset finance covers many different asset types, deposits, and terms, pricing is assessed individually and disclosed clearly in your offer before you sign — rather than a single flat rate. Repayment periods commonly run up to 4 years for general assets, and can extend to 36–96 months for larger commercial vehicles, depending on the financing structure agreed.
Who owns the asset during the loan period?
The financed asset serves as your security. For vehicles, it’s jointly registered with Phoenix Capital at NTSA until the loan is fully repaid, similar to a logbook loan. For equipment and machinery, a corresponding security registration applies. Once you’ve completed all repayments, full ownership is transferred into your name.
How long does approval take?
Timelines depend on the asset type and how complete your documentation is — particularly the dealer’s proforma invoice. Straightforward personal vehicle financing can move quickly once documents and the invoice are confirmed, while larger commercial or business asset financing may take a few business days for full verification.
What happens if I default on repayments?
Since the financed asset is the primary security, continued default can lead to its repossession to recover the outstanding balance. As with our other secured products, we encourage you to reach out early if you’re struggling with repayments so we can discuss suitable arrangements before an account falls into serious arrears.
How do I apply?
- Choose your asset and obtain a proforma invoice or quotation from a recognized dealer or supplier.
- Submit your application with the required documents.
- Phoenix Capital assesses the asset, the invoice, and your ability to repay.
- You pay the agreed deposit.
- Phoenix Capital settles the balance with the dealer or supplier directly.
- The asset is registered as security (jointly at NTSA for vehicles).
- You take possession of the asset and begin repaying in installments.
- On full repayment, ownership is transferred fully into your name.