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top 10 Best Logbook Loans Providers In Kenya

top 10 Best Logbook Loans Providers In Kenya

This article is about the top 10 Best Logbook Loans Providers In Kenya. These are lenders who provide loans to customers, using used car records as collateral. Many lenders offer loans (including Bodaboda loans) within 24 hours. The loan provided covers up to 80% of the car’s value, regardless of the type and year of the car.

Best Logbook Loans Providers In Kenya

In no particular order, here are some of the top logbook loan providers in Kenya.

MOGO Kenya

The company is part of the Mogo Finance group that offers bank account loans from KES 100,000 to KES 1,500,000 within 24 hours. You can choose a repayment period of up to 5 years, and the repayment schedule is weekly or monthly depending on the customer’s choice.

Contact: 0768 469 112

Email: info@mogo.co.ke

Mwananchi Credit

Mwananchi Credit is one of the most trusted record book lenders in Kenya. It allows you to borrow up to 80% of the business value of your car. The loan takes about 6 hours to be approved. One must have the original register, 6 months bank statement, M-Pesa statement and sufficient insurance certificate to apply for the loan.

Contact: 0709 147 000

Email: info@mwananchicredit.com

Momentum Credit

The company can lend up to KES 2,000,000, which takes 24 hours for approval. They lend up to 60% of the car’s value. Is required

  • Original directory
  • Identity card
  • KRA pin
  • Useful car news
  • Back cover back
  • Bank statements in 6 months


Call: 0709 434 000, 0709 434 900

Email: info@momentumcredit.co.ke

Auto Advance Logbook Loans

It is one of the most reliable, trustworthy and reliable lenders in Kenya that offer loans without additional fees or CRB checks.

Location: Millenium Place, Buru Buru, Nairobi

Contact: 0765 650 650

Email: info@autoadvancelogbookloans.co.ke

FinCredit Limited

It is a leading microfinance credit institution operating in Kenya and Uganda. It offers Log Book loans, SME/employee loans, new KCC loans, direct loans, Fincredit staff and representative loans.

Location: 1st Floor, Methodist Ministries Centre, Oloitokitok Road, Lavington

Callers: 020 386 1673, 0735 880 417, 0722 425 050

Email: credit@fincredit.co.ke

Bidii Credit Company Limited

In order to benefit from a corporate record loan, the following conditions must be met:

  • The vehicle must be in your/the guarantor’s name
  • A clean credit report
  • 6 months bank statement with check
  • Car inspection
  • Car log book
  • 2 blanks and signatures on the delivery of the vehicle license
  • 2 identification photos of the applicant
  • A document that shows comprehensive car insurance


Contact: 0709 840 000

Email: info@bidiicreditkenya.co.ke

Platinum Credit

Platinum Credit offers cash book loans with a repayment period of 1 to 12 months. Loan amounts range from 50,000 to 2,000,000.

Required:

  • Bank statements for the last 6 months
  • Delete the original copy of the ID
  • KRA form
  • Original car log book
  • Full coverage


Callers: 0709 900 000, 0730 900 000

Email: online@platinumcredit.co.ke

 

Citizens Credit Limited

This company offers auto loans that can be secured against multiple vehicles at the same time.

Required:

  • Original directory
  • KRA pin of the administrator
  • Applicant’s national identity card
  • Photo ID 2
  • Bank statements in 6 months
  • All risk insurance certificate


Location: 11th Floor, Finance House, Loita Street, Nairobi

Contact: 0722 646 687

Ngao Credit Limited

Ngao Credit offers quick loans for cars, where one can borrow up to 60% of the car’s value, with a repayment period of up to 24 months.

Required

  • Original directory
  • Original national identity card and PIN code
  • Bank statements for the last 6 months
  • Financial reviews posted


Contact: 0709 650 000

Email: info@ngaocredit.com

Jijenge Credit Limited

Jijenge offers loans ranging from Ksh. 50,000 to 10,000,000, with repayment periods ranging from 1 to 12 months.

Required:

  • Original car log book
  • Number of KRA pin
  • 2 clear copies of original ID
  • 1 recent passport color photo
  • Full coverage
  • New Engine Review/Forecast News


Contact: 0711 282 727, 0703 282 727

Email: info@jijengecredit.com

NOTE: Before taking out a loan, please check your ability to repay the loan. Also look closely at interest rates and debt.

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