Logbook Loan Features
FINANCING
Up to 60% of the value of your vehicle
LOAN LIMIT
Kes. 100K to 3M
LOAN PERIOD
Up to 24 Months
PROCESSING
Same-day processing
Requirements
Copy of ID
Current Photo
(Colored Photo)
KRA PIN
Mpesa Statement
(12 Months E-statement)
Bank Statement
(12 Months E-statement)
Original Logbook
Comprehensive Insurance
STEPS TO APPLY
1. Valuation
Have your car valued by one of our valuation partners.
2. Loan Appraisal
We will determine how much you qualify for.
3. Sign Agreement
Sign the loan agreement outlining the terms and conditions of your loan.
4. Joint Registration
Have your vehicle jointly registered with us on the NTSA portal.
5. Tracker Installation
We will install a tracking device on your vehicle.
6. Funds Disbursement
We will disburse the loan funds to your preferred account.
Frequently Asked Questions (FAQs)
How long does it take for my application to be processed?
The application process typically takes between 1 hour to a maximum of 24 hours for approval.
Can i pay off my logbook loan early?
Absolutely. Paying off your logbook loan early entitles you to a waiver of all remaining interest after the first 3 months.
Can i apply for a logbook loan if am self-employed?
Yes, you can apply as long as you are the sole legal owner of the vehicle used to secure the loan.
Can i still use my car while i have a logbook loan?
Yes, you retain full use of your car while repaying your logbook loan.
Do you offer logbook loans for older cars?
Logbook loans are available for private vehicles up to 14 years old and commercial vehicles up to 11 years old.