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Import Duty Finance

Import Duty Finance

Clear Your Imported Vehicle Without Delay

Import Duty Finance detail

Stuck at the Port? Clear Your Car, Fast.

Importing a vehicle involves significant costs, especially customs duty and port charges. Delays in payment can lead to expensive storage fees (demurrage) that eat into your budget. Our Import Duty Finance is a short-term loan designed to provide you with the exact funds needed to clear your car from the port quickly and efficiently.

Finance Your Import Duty

Benefits of Our Import Duty Finance

  • Fast processing to avoid port demurrage charges
  • Financing covers duty, port charges, and other fees
  • Loan amounts from KSh 100,000 to KSh 5,000,000
  • Up to 70% financing for the total clearing cost
  • Competitive interest rates from 2.5% to 7%
  • No CRB checks required
  • Flexible security options, including the imported car's logbook
  • Streamlined process with our clearing agent partners

How Import Duty Finance Creates Opportunity: Real Scenarios

The Personal Importer's Dilemma

The Opportunity

Situation: An individual imports their dream car from Japan, but it's now stuck at the Port of Mombasa, accruing daily storage fees.

Challenge: The clearing costs, including duty and taxes, are KSh 450,000, and they need the funds immediately to avoid expensive demurrage charges.

Rapid Port Clearance

Action: They apply for our Import Duty Finance. We process the application in hours and disburse the funds directly to the clearing agent.

Result: The car is cleared within 24 hours, saving them thousands in penalties and getting them on the road in their new car without the stress.

The Small Dealer's Inventory Rush

The Opportunity

Situation: A car dealer has a container with five vehicles arriving at the port, representing a significant boost to their inventory.

Challenge: They need to pay KSh 2,500,000 in import duties to release the vehicles, but their working capital is tied up in existing stock.

Inventory Flow Financing

Action: We provide financing to cover the full duty amount, enabling them to clear all vehicles at once without a capital crunch.

Result: The dealer gets their new inventory to the showroom floor quickly, ready for sale, ensuring a continuous and profitable business cycle.

The Project-Critical Equipment

The Opportunity

Situation: A construction company imports a specialized truck essential for a project with a tight deadline.

Challenge: The truck is held at the port pending a KSh 800,000 duty payment, putting the entire project timeline at risk.

Urgent Project Financing

Action: Our fast-track import duty financing ensures the payment is made promptly, prioritizing their urgent business need.

Result: The company gets the crucial equipment on-site on time, avoiding costly project delays, penalties, and maintaining their professional reputation.

What You'll Need

To get your import duty financed, please have these documents ready. This will help us expedite your application and get your vehicle cleared faster.

Application Requirements

  • Certified and verified current vehicle logbook as security (at least 6 months old)
  • Bill of Lading for the imported vehicle
  • Vehicle invoice from the seller
  • Copy of your National ID & KRA PIN
  • Six months of bank or M-Pesa statements
  • Comprehensive Insurance Cover for the security vehicle (if loan is above KSh 500,000)

The Clearing Process

1

Provide Documents

Submit the Bill of Lading, invoice, and other import documents.

2

Get Your Quote

We provide a quote for the total clearing cost and our financing offer.

3

Car is Cleared

We pay the duty and charges directly, and your car is released.

Frequently Asked Questions

Clear Your Vehicle, Stress-Free

Let us handle the complexities of import duty so you can get your vehicle on the road faster.

Get Help Now

Contact Us

Have questions or want a quote? Fill out the form below and one of our experts will get back to you.