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List of Mwananchi Credit Loans that you can apply

Mwananchi Credit Products, Branches and Contacts

April 3, 2021
in Wealth
Reading Time: 9 mins read
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Mwananchi Credit Limited is Kenya’s No. 1 provider of Logbook Loans and other related Secured Emergency Loans. Initially trading as Mwananchi Microlink Ltd from 15th April 2010, it officially changed names to Mwananchi Credit Limited on 10th January 2012. List of Mwananchi Credit Loans that you can apply

Types of Mwananchi Credit Loans

1. Insurance Premium Financing Loan

This type of short-term loan is given to members who would like to finance insurance premiums. The minimum loan amount is Ksh. 25,000 and repayment period is between 4 to 10 months with an interest rate of 4% above Central Bank Rate P.A. Premium account can be financed up to 100%.

2. Salary Advance Loan

It is issued to members who have emergencies and their payday is approaching. Approval of Salary Advance Loan normally takes one hour and the repayment period is very flexible. In order to qualify for this loan, you’ll need to have payslips for the last three months, bank statements for the last six months and post-dated cheques from your salary account.

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3. Guaranteed Logbook Loan

This type of loan can be given to individuals who would like to meet their personal expenses such as medical or school fees among others. It is normally secured using your vehicle’s logbook up to Ksh. 20,000,000. To qualify for Guaranteed Logbook Loan, you’ll need to present an original Logbook, KRA Pin, National ID, 2 passport sized photos, six months bank statements and a comprehensive insurance certificate. The interest rate of the loan is 5% for 6 months and for 12 months (1 year), its 6% p.m on reducing balance.

4. LPO Financing Loan

For people who don’t have money to service awarded jobs can go for this type of loan. In order for a member to access the LPO financing, they need to have original LPO/LSO/ Contratc, pro-forma invoice for goods to be supplied, logbook or title deed and evidence that you’ve done a similar job before.

5. Import Financing Loan

It applies to people who want to clear their cars or containers at the port but they don’t have the funds to do so. What is being imported will act as the security and all you need is the original bill of lading, invoice for the car or goods, import declaration form (IDF) and a copy of the PIN/Identity Card of the person importing the car or goods.

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6. Secured Loan

This type of loan is given to individuals or small and medium enterprise (SME) who need capital to finance their businesses. It can be secured by either a title deed or logbook. Secured Loan also applies to individuals who would like to foot medical bills or school fees among other things and all you need is a copy of your title deed or logbook, valuation report the car or property, legal charge over the property within a span of one week and joint registration of the pledged car same day.

List of Mwananchi Credit Products

  • Logbook Loan
  • Car Financing
  • Motorbike Financing
  • Title Deed Loans
  • Import Financing
  • Trade Financing
  • Salary checkoff loans
  • Cheque Discounting
  • Weekend Loans
  • Insurance Premium Financing
  • Shimin Insurance Agency

Mwananchi Credit Limited, 7 Branches In Kenya

HEADQUARTERS, NRB
Eco Bank Towers 10th floor, Nairobi. Opp. 680 Hotel.
Tel: 0709 147 000
NAIROBI BRANCH 2
Pension Towers Mezzanine 2, Loita Street, Nairobi. Tel: 0709 147 000
MOMBASA BRANCH
Jubilee Arcade, Moi Av. Road Ground Floor Tel: 0709 147 000
ELDORET BRANCH
Zion Mall 2nd floor Uganda Road Opposite Aga Khan Hospital Tel: 0709 147 000
KITENGELA BRANCH
Capital Center Building, Second Floor Tel: 0709 147 000
THIKA BRANCH
Thika Business Centre, Naivas building 4th floor along Workshop road Tel: 0709 147 000
KISUMU BRANCH
Alpha House along oginga odinga street 2nd floor Tel: 0709 147 000
NAKURU BRANCH
Coming soon . . . !
NAIVASHA BRANCH
Coming soon . . . !
Mwananchi Credit Main Office Contacts

Tel: 0795 600 600 or (0) 20 222 1882

Email: info@mwananchicredit.com

Address

Ecobank towers 10th floor
Muindi Mbingu Street, Nairobi

Working Hours​

Mon – Fri 8.00 – 5.00PM
Mon – Fri 8.00 – 5.00PM

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