Introduction
Logbook loans have become a popular financing option in Kenya, especially for individuals and small business owners looking for fast, accessible credit. These loans are secured using a vehicle’s logbook, and most lenders disburse funds within 24 hours. Borrowers can typically access up to 80% of their vehicle’s value, regardless of the car’s model or age.
Below is a curated list of some of the most reputable logbook loan providers in Kenya, including their loan features, requirements, and contact information.
1. Mwananchi Credit
Mwananchi Credit is widely recognized as one of the most trusted logbook loan providers in Kenya. They offer up to 80% of a car’s trade value, with approvals completed in as little as 6 hours.
Requirements:
- Original vehicle logbook
- 6 months bank statements
- M-Pesa statement
- Valid comprehensive insurance cover
Contact: 0709 147 000
Email: [email protected]
2. MOGO Kenya
Part of the global Mogo Finance Group, MOGO Kenya provides logbook loans ranging from KES 100,000 to 1.5 million. Loans are processed within 24 hours, and repayment terms extend up to 5 years, with options for weekly or monthly installments.
Contact: 0768 469 112
Email: [email protected]
3. Auto Advance Logbook Loans
Known for transparency and quick processing, Auto Advance offers logbook loans with no hidden fees or CRB checks, making it ideal for borrowers looking for simple terms.
Location: Millenium Place, Buru Buru, Nairobi
Contact: 0765 650 650
Email: [email protected]
4. Jijenge Credit Limited
Jijenge Credit offers flexible logbook loans from KES 50,000 up to 10 million, repayable over 1 to 12 months.
Requirements:
- Original logbook
- KRA PIN
- Two copies of original ID
- Passport photo
- Comprehensive insurance
- Motor valuation report
Contacts: 0711 282 727, 0703 282 727
Email: [email protected]
5. FinCredit Limited
Operating in both Kenya and Uganda, FinCredit is a non-deposit-taking microfinance institution offering logbook loans and other financial products including SME loans and instant credit.
Location: Methodist Ministries Centre, 1st Floor, Oloitokitok Rd, Lavington
Contacts: 020 386 1673 / 0735 880 417 / 0722 425 050
Email: [email protected]
6. Bidii Credit Limited
Bidii Credit provides logbook loans with detailed eligibility checks to ensure secure lending.
Requirements:
- Vehicle must be registered in your name or guarantor’s
- Clean credit history
- 6 months bank statement with cheque book
- Comprehensive insurance
- Motor vehicle logbook and valuation
- Signed ownership transfer forms
- Passport photos
Contact: 0709 840 000
Email: [email protected]
7. Platinum Credit
Platinum Credit offers logbook loans between KES 50,000 and 2 million, with a repayment period of up to 12 months.
Requirements:
- Bank statements (6 months)
- National ID and KRA PIN
- Original logbook
- Comprehensive insurance cover
Contacts: 0709 900 000 / 0730 900 000
Email: [email protected]
8. Momentum Credit
Momentum Credit offers loans of up to KES 2 million, processed within 24 hours. The lender finances up to 60% of your vehicle’s value.
Requirements:
- Original logbook
- National ID and KRA PIN
- Valuation report
- Insurance documents
- Bank statements (6 months)
Contacts: 0709 434 000 / 0709 434 900
Email: [email protected]
9. Citizens Credit Limited
Citizens Credit offers flexible options that allow multiple vehicles to be used as collateral for a single loan.
Requirements:
- Original logbook
- KRA PIN and National ID
- Passport photos
- Bank statements (6 months)
- Comprehensive insurance certificate
Location: Finance House, 11th Floor, Loita Street, Nairobi
Contact: 0722 646 687
10. Ngao Credit Limited
Ngao Credit offers quick disbursement logbook loans up to 60% of a vehicle’s value, with repayment plans extending up to 24 months.
Requirements:
- Original logbook
- National ID and KRA PIN
- Bank statements (6 months)
- Post-dated cheques
- Comprehensive insurance
Contact: 0709 650 000
Email: [email protected]
Important Reminder:
Before applying for a logbook loan, assess your ability to repay within the agreed period. Carefully review the interest rates, additional fees, and terms to avoid unexpected costs or the risk of losing your vehicle.
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