Introduction About the Product

We offer loans against the value of your car. You can borrow upto 50% of the value of the motor vehicle.

This loan can be used for any purpose and is ideal for people looking to expand their business, foray into new ventures or supplement the working capital cash flow deficits

All Log Book Loans are subjected to a loan appraisal process. Once a loan has been approved the loan will be disbursed within 24 hours, either Via Mpesa, cheque or to a bank account.

Who Qualifies

Anyone who owns a private, commercial or passenger service vehicle.

Loans can be secured against more than one motor vehicle at the same time.

Loan Application Requirements

1. Copy of National ID or Passport
2. Personal or Business Bank Statements for the last 6 months
3. Copy or KRA PIN of registered owner of the vehicle
4. Copy of motor vehicle records with KRA
5. A Cheque Book Account
6. Motor Vehicle Evaluation (Done at our premise) and Photograph
7. Motor Vehicle Logbook
8. Documents to show proof of Comprehensive Motor Vehicle Insurance
9. 2 Passport Photos of the applicant
10. Payslips for the last 3 Months (Employed Persons)
11. 2 Blank but signed Motor Vehicle Ownership Transfer Forms
12. Copy of Employment Contract or Job ID (Employed Persons) or Certificate of business registration(Self employed)

Loan Term

Repayment period ranges from 1 month to 12 months

NB:There are no penalties for settling your financial liability before the end of your contract term.

Loan Amount Range

Minimum Loan Amount: Kshs. 50,000

Maximum Loan Amount: Kshs. 1,000,000

Application Procedure

Before starting you will need to consider if you meet the above eligibility requirements. To apply Call us and we shall walk with you through the process.

Terms and conditions apply