This compilation features the finest logbook loan providers in Kenya, renowned for offering loans against vehicle logbooks as collateral. Typically, these entities facilitate loan approvals within a day, allowing borrowers to access up to 80% of their vehicle’s market value, regardless of its make or age.
Highlighted below are some of Kenya’s premier logbook loan providers, presented in no specific order:
1. Mwananchi Credit
- Renowned for reliable logbook loan services in Kenya, facilitating loans up to 80% of a vehicle’s market value within 6 hours.
- Requirements: Original logbook, six-month bank and M-Pesa statements, comprehensive insurance certificate.
- Contact: 0709 147 000 | Email: [email protected]
2. MOGO Kenya
- Part of Mogo Finance Group, offering loans between KES 100,000 and 1,500,000, usually processed within 24 hours.
- Offers flexible repayment terms up to 5 years, on a weekly or monthly basis.
- Contact: 0768 469 112 | Email: [email protected]
3. Auto Advance Logbook Loans
- A trusted provider in Kenya, offering straightforward loans without hidden charges or CRB checks.
- Location: Millenium Place, Buru Buru, Nairobi.
- Contact: 0765 650 650 | Email: [email protected]
4. Jijenge Credit Limited
- Provides loans ranging from Ksh 50,000 to 10,000,000, with repayment periods of 1 to 12 months.
- Requirements include the vehicle’s original logbook, KRA pin, ID, passport photo, insurance, and motor valuation report.
- Contact: 0711 282 727, 0703 282 727 | Email: [email protected]
5. FinCredit Limited
- A leading micro-finance institution in Kenya and Uganda, offering various loan products including logbook loans.
- Location: Methodist Ministries Centre, Oloitokitok Road, Lavington.
- Contacts: 020 386 1673, 0735 880 417, 0722 425 050 | Email: [email protected]
6. Bidii Credit Limited
- Offers logbook loans with specific eligibility criteria including ownership and a clear credit history.
- Contact: 0709 840 000 | Email: [email protected]
7. Platinum Credit
- Provides logbook loans with repayment periods ranging from 1 to 12 months, for amounts from 50,000 to 2,000,000.
- Contact: 0709 900 000, 0730 900 000 | Email: [email protected]
8. Momentum Credit
- Offers up to KES 2,000,000 with approval within 24 hours, lending up to 60% of the vehicle’s value.
- Contact: 0709 434 000, 0709 434 900 | Email: [email protected]
9. Citizens Credit Limited
- Provides logbook loans that can be secured against multiple vehicles simultaneously.
- Location: 11th Floor, Finance House, Loita Street, Nairobi.
- Contact: 0722 646 687
10. Ngao Credit Limited
- Offers quick loans against motor vehicles, with borrowing limits up to 60% of the car’s value and repayment terms up to 24 months.
- Contact: 0709 650 000 | Email: [email protected]
Note: It’s crucial to assess your repayment capability and understand the interest rates and fees before committing to a loan.
