How it works - Your road to ownership in three simple steps
From a five‑minute application to driving away and repaying on terms that fit your income - here’s exactly what to expect.
1. Apply in Minutes
Where? Online, WhatsApp, or at any approved dealer.
Time required: 5 minutes.
What you’ll share: Name, ID number, phone, KRA pin, the vehicle you want (Baxy Passenger or Champion Cargo).
Instant checklist download links you to the documents you’ll need next.
2. Pay the Minimum Deposit
Vehicle reserved: once approved we lock the chassis number for seven days.
Deposit amount: we confirm it in your offer (typ. 15–25 % of vehicle price).
Where to pay: Pay using our App
Sign & insure: we walk you through the finance agreement and arrange insurance on the spot.
3. Ride & Repay Easily
Collect your vehicle: drive away the same day the deposit clears.
Repayment options: daily, weekly, or monthly via M‑Pesa STK push—choose what matches your earnings.
Reminders & support: SMS alerts three days before each instalment; call or WhatsApp when you need flexibility.
Finish strong: once the final payment hits, we transfer ownership documents to your name- no balloon payment, no surprises.
Still got questions?
Here's the answers to some of your burning questions...
How long is my approval valid?
Seven calendar days - plenty of time to pay the deposit or ask for an extension.
Can I increase my deposit to lower repayments?
Yes. Any extra you pay upfront reduces each instalment proportionally.
What if I need another vehicle later?
Clear your first plan on time (or early) and you’ll qualify for a second asset with fewer checks.
Can I apply if I don’t have a guarantor yet?
Yes. Start your application while you search for one. We’ll review everything else and keep your file open for 14 days so you can add the guarantor details later.
How are instalments collected, and does M‑Pesa charge extra fees?
Use our mobile app to pay for your scheduled payment (daily, weekly, or monthly). Only standard M‑Pesa transaction fees apply- there are no extra charges from MRL Finance.
