Jijenge Credit offers a PSV (Public Service Vehicle) Loan designed to support individuals and businesses in acquiring vehicles for public transportation services. This loan is ideal for those looking to purchase new or used minibuses, vans, or other vehicles to operate in the public transport sector, enabling them to expand their fleet and improve service delivery.
Key Features for PSV Loan:
- Flexible Loan Amounts: Finance up to 85% of the vehicle’s value.
- Competitive Interest Rates: Enjoy attractive interest rates tailored to your financial situation and loan terms.
- Flexible Repayment Terms: Choose from a variety of repayment plans ranging from 12 to 48 months, accommodating your cash flow and operational needs.
- Quick Approval Process: Benefit from a streamlined application and approval process to get your PSV on the road promptly.
- Transparent Fees: Clear and upfront fee structure with no hidden costs, helping you manage your finances effectively.
Eligible Vehicles for PSV Loans:
- New and used minibuses
- Vans for public transport
- Other types of public service vehicles
Requirements of PSV Matatu / Tourist service vehicle (TSV) and PSV TAXI logbook loans :-
- Original Logbook
- ID copy
- Kra pin certificate
- Passport photo
- 12 Months mpesa/ bank statement
- TLB
- Sacco letter
- PSV Insurance confirmation letter
- Valuation report for all PSVs
- Digital taxi app or agreement
- Any other document as may be required
Frequently Asked Questions
A PSV (Public Service Vehicle) Loan provides financing for the purchase of vehicles used in public transportation.
Applicants need to provide proof of operation in the public transport sector, vehicle details, and a business plan.
