Looking for the best logbook loan providers in Kenya? Here’s a comprehensive guide to the top lenders offering loans with vehicle logbooks as collateral.
These providers offer quick loan approvals, some as fast as 24 hours, and cover up to 80% of your car’s value, regardless of its model or age.
Below is a list of the most reliable logbook loan providers in Kenya, ranked based on their services, loan approval speeds, and customer reviews.
1. Mwananchi Credit
Mwananchi Credit is a leading logbook loan provider in Kenya. They offer loans of up to 80% of the trade value of your car, with approvals taking approximately 6 hours.
To apply, you need an original logbook, 6 months of bank statements, an M-Pesa statement, and a comprehensive insurance certificate.
Contact: 0709 147 000
Email: info@mwananchicredit.com
2. MOGO Kenya
MOGO Kenya, part of Mogo Finance Group, offers logbook loans ranging from KES 100,000 to 1,500,000 with approvals within 24 hours.
You can choose repayment terms of up to 5 years, with flexible weekly or monthly payment plans.
Contact: 0768 469 112
Email: info@mogo.co.ke
3. Auto Advance Logbook Loans
Auto Advance is known for being a transparent and reliable logbook loan provider in Kenya, offering loans without hidden fees or CRB checks.
Location: Millennium Place, Buru Buru, Nairobi
Contact: 0765 650 650
Email: info@autoadvancelogbookloans.co.ke
4. Jijenge Credit Limited
Jijenge Credit offers loans from KES 50,000 to 10,000,000, with repayment periods between 1 and 12 months. They have a straightforward application process.
Requirements:
- Original vehicle logbook
- KRA Pin
- Two copies of ID
- Passport-sized photographs
- Comprehensive insurance
- Motor vehicle valuation report
Contact: 0711 282 727 / 0703 282 727
Email: info@jijengecredit.com
5. FinCredit Limited
FinCredit is a leading microfinance institution in Kenya and Uganda, providing logbook loans along with other loan products for SMEs and individuals.
Location: Methodist Ministries Centre, Lavington
Contact: 020 386 1673 / 0735 880 417 / 0722 425 050
Email: credit@fincredit.co.ke
6. Bidii Credit Limited
Bidii Credit offers logbook loans with stringent requirements to ensure reliability, including motor vehicle valuation and proof of comprehensive insurance.
Contact: 0709 840 000
Email: info@bidiicreditkenya.co.ke
7. Platinum Credit
Platinum Credit provides logbook loans ranging from KES 50,000 to 2,000,000, with flexible repayment options from 1 to 12 months.
Requirements:
- 6 months bank statements
- ID copy
- KRA Pin
- Original logbook
- Comprehensive insurance
Contact: 0709 900 000 / 0730 900 000
Email: online@platinumcredit.co.ke
8. Momentum Credit
Momentum Credit offers loans of up to KES 2,000,000, covering up to 60% of your car’s value, with approval within 24 hours.
Requirements:
- Original logbook
- ID copy
- KRA Pin
- Vehicle valuation report
- Comprehensive insurance
- 6 months bank statement
Contact: 0709 434 000 / 0709 434 900
Email: info@momentumcredit.co.ke
9. Citizens Credit Limited
Citizens Credit allows you to secure a loan using multiple vehicles as collateral, offering flexibility in borrowing.
Location: Finance House, Loita Street, Nairobi
Contact: 0722 646 687
10. Ngao Credit Limited
Ngao Credit provides logbook loans up to 60% of your car’s value, with repayment terms extending up to 24 months.
Requirements:
- Original logbook
- National ID and KRA Pin
- 6 months bank statement
- Post-dated cheques
- Comprehensive insurance
Contact: 0709 650 000
Email: info@ngaocredit.com
Conclusion
When choosing a logbook loan provider, ensure you compare the terms, interest rates, and repayment periods to find a lender that meets your financial needs.
These top providers offer reliable and quick services, making it easy for you to access funds using your vehicle as collateral.
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