Together As One is a leading microcredit company in Kenya specializing in flexible car financing solutions. This article examines the company’s key offerings, highlights its application process, and provides insights into the competitive landscape of car financing in Kenya.
Key Features of Together As One Car Financing
Loan Amounts and Terms
Together As One provides car loans ranging from KES 100,000 to KES 3,000,000, accommodating diverse customer needs. With a down payment as low as 30%, it offers an accessible entry point for individuals and businesses alike. The repayment period, which spans up to 36 months, ensures manageable monthly payments for borrowers.
Application Process
A major advantage of Together As One is its fast and efficient application process. Loan approvals are granted within six hours, significantly outperforming traditional banks, which often take several weeks or months. This expedited process is crucial for customers requiring immediate access to funds.
Flexibility in Vehicle Selection
Together As One empowers borrowers with freedom in vehicle selection. Customers can purchase vehicles of most make and model, ensuring they find options that best match their budget and preferences.
Best Price Guarantee
The company’s Best Price Guarantee ensures competitive interest rates and terms, solidifying its reputation as a customer-centric lender. With thorough credit assessments and transparent policies, Together As One combines responsible lending practices with affordable car financing options.
Market Position and Competitive Landscape
Microfinance Sector Overview
Kenya’s microfinance sector has grown rapidly, driven by a rising need for accessible financial solutions. Microfinance institutions (MFIs) like Together As One address this demand by offering tailored products for individuals who lack access to traditional bank loans.
Comparison with Other Institutions
In the competitive microfinance landscape, Together As One faces many rivals who offers loans between KES 50,000 and KES 2,500,000 with comparable approval speed but come with unfavourable replayment terms.
Together As One’s higher loan limits and lower down payment requirements make it more attractive for customers seeking larger financing amounts or reduced upfront or recurring costs.
Conclusion
Together As One distinguishes itself in Kenya’s car financing market with its flexibility, customer-first policies, and streamlined processes. By offering competitive loan terms, quick approvals, and freedom in vehicle selection, the company caters to a diverse clientele.
As the demand for car loans grows, Together As One is well-positioned to drive financial inclusion and empower Kenyans to achieve vehicle ownership.