Most Logbook Loan Providers in Kenya provide loans within 24 hours. The loans offered cover up to 80% of the vehicle’s value, irrespective of the model and age of the vehicle.
Here are some of the best logbook loan providers in Kenya.
1. Mwananchi Credit
Mwananchi Credit is one of Kenya’s most trusted logbook loans provider in Kenya. It enables one to borrow up to 80% of the trade value of his/her car.
The loan takes about 6 hours to be approved. One needs to have an original logbook, 6 months bank statements, M-Pesa statement, and a comprehensive insurance certificate to apply for the loan.
Contact: 0709 147 000
Email: info@mwananchicredit.com
2. MOGO Kenya
The company is part of the Mogo Finance Group which provides logbook loans that range from KES 100, 000 to 1, 500, 000, within 24 hours. One is able to choose a repayment period of up to 5 years, with the repayment schedule being on a weekly or monthly basis depending on a client’s choice.
Contact: 0768 469 112
Email: info@mogo.co.ke
3. Auto Advance Logbook Loans
It is one of the trusted, reliable and transparent logbook loan provider in Kenya, that provides loans with no extra fee and no CRB checks.
Location: Millenium Place, Buru Buru, Nairobi
Contact: 0765 650 650
Email: info@autoadvancelogbookloans.co.ke
4. Jijenge Credit Limited
Jijenge offers loans ranging from Ksh. 50, 000 to 10, 000, 000, with the repayment period ranging from 1 to 12 months.
Requirements
- Original vehicle logbook
- Copy of KRA pin
- 2 clear copies of original ID
- 1 recent color passport-sized photographs
- Valid comprehensive insurance cover
- Motor valuation report/ Renewal notice
Contact: 0711 282 727, 0703 282 727
Email: info@jijengecredit.com
5. FinCredit Limited
It is a premier credit only micro-finance institution that operates in Kenya and Uganda. It offers logbook loans, SME/employee loans, new KCC loans, instant loans, fincredit staff and rep loans.
Location: 1st Floor, Methodist Ministries Centre, Oloitokitok Road, Lavington
Contacts: 020 386 1673, 0735 880 417, 0722 425 050
Email: credit@fincredit.co.ke
6. Bidii Credit Limited
To qualify for the company’s logbook loan, the following requirements must be met;
- The vehicle must be in your name/guarantors name
- Clean credit history
- 6 months bank statement with a cheque book
- Motor vehicle valuation
- Motor vehicle logbook
- 2 blank signed motor vehicle ownership transfer forms
- 2 passport photos of the applicant
- Documents to show proof of comprehensive motor vehicle insurance
Contact: 0709 840 000
Email: info@bidiicreditkenya.co.ke
MUST READ: Top 10 Best Insurance Brokers In Kenya
7. Platinum Credit
Platinum Credit offers logbook loans with a repayment period of 1 to 12 months. The loans range from 50 000 to 2, 000, 000.
Requirements
- Bank statements for the last 6 months
- Clear copy of original ID
- Copy of KRA Pin
- Original vehicle logbook
- Valid comprehensive insurance cover
Contacts: 0709 900 000, 0730 900 000
Email: online@platinumcredit.co.ke
8. Momentum Credit
The company can lend up to KES 2,000,000 which takes 24 hours for approval. They lend up to 60% of the car’s value.
Requirements
- Original logbook
- Copy of ID
- KRA Pin
- Motor vehicle valuation report
- Comprehensive insurance
- 6 months bank statement
Contacts: 0709 434 000, 0709 434 900
Email: info@momentumcredit.co.ke
9. Citizens Credit Limited
This company offers logbook loans which can be secured against more than one motor vehicle at the same time.
Requirements
- Original logbook
- KRA Pin of applicant
- National ID of applicant
- 2 passport photos
- 6 months bank statements
- Comprehensive insurance certificate
Location: 11th Floor, Finance House, Loita Street, Nairobi
Contact: 0722 646 687
MUST READ: Where to Get a KES 50000 Loan Without Security in Kenya
10. Ngao Credit Limited
Ngao Credit offers quick loans against motor vehicles, where one can borrow up to 60% of the car’s value, with a repayment period of up to 24 months.
Requirements
- Original logbook
- Original national ID and Pin
- Latest 6 months bank statements
- Post-dated cheques
- Comprehensive insurance
Contact: 0709 650 000
Email: info@ngaocredit.com
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