The loan can be secured against more than one motor vehicle at the same time. Auto advance logbook loans, were one of the first to introduce the use of a hire purchase agreement to provide secured loans in scotland whilst. We have the quickest loans, all our products are processed in under an hour. In comparison to small bank loans, there are less formalities and paperwork with instant payday loans even with bad credit. By filling in the form below, we will match you with the best and cheapest secured auto logbook loans provider in kenya. Mwananchi credit free loans to cushion kenyans from. The pan african bank is trying to respond to the call by the government on individuals or corporates to help the emergency response team formed to. With the need to access credit for both individuals and businesses in kenya, most people are moving away for banks to acquire credit from smaller players in the market. 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.
Offering a variety of loans including log book, civil servant, duty financing and mkopo kodi. Mogo finance is a leading logbook loan giver in kenya giving loans up to 80% of the car value regardless of the age or make of the vehicle. Izwe kenya is a non deposittaking financial institution authorised by the government of kenya to offer unsecured check off loans to all civil servants, tsc members in all counties, as well as selected parastatals and private institutions. Free to apply for a no obligation quote with instant decision. In kenya, mogo provides financing to passenger cars and logbook loans from 100,000 to 1,000,000 kenyan shillings for a period of 6 to 60 months. Africa credit limited is simply an auto logbook loan that you can call when.
Logbook loans logbook money v5 loans log book loans. The rapid development of mogo is possible by the presence of stable equity capital, highperformance technological solutions and effective management of the loan portfolio. Why take an auto logbooks loan with ngao credit ltd. In todays article, we will list the top logbook loans in kenya. As a result of the corona virus pandemic, business is trending in hard financial and. Logbook loans lbl is a form of financing, whereby the loan advanced is secured against the borrowers motor vehicle. All you need is to have an active kcb account for a minimum of 3 months, and requisite security including title deeds, logbooks, share certificates, among others. Mogo logbook loan amount, interest rate and repayment period. Fincredit is a premier credit only microfinance institution with operations in kenya and uganda.
The logbook loans in kenya are secured against the value of your car. List of car loans you can easily get in kenya in 2020 tuko. At fincredit you are required to give your car as security, by pledging it for 12 months, however, you will be allowed to use the car as you enjoy the loan once your car has been evaluated you are eligible to 50 per cent of the value of your car. Logbook loan alternative high acceptance free instant. Logbook loans in kenya have increasingly become popular. The guaranteed logbook loan can be used by individuals to meet personal expenses such as medical, school fees, purchase of household goods etc. These loans are typically processed in approximately 24hrs. In kenya, mogo provides financing to passenger cars and logbook loans from 100,000 to 1,000,000 kenyan shillings for a. If you want a fast loan secured on your car, then auto advance logbook loans can help and the process couldnt be easier.
They finance up to 90% of the value of the vehicle you want to own. The maximum loan repayment period is 30 days while failure to do so on time attracts a 10 percent rollover fee on top of the amount is owed. If you intend to use the car with business models such as uber, for example, the car logbook may be required not to be transferred to another persons possession separate from you and this might bar you from accessing a logbook loan. Done this for a long time and all our benefactors can attest to this. Auto logbook loans are great solutions for quick cash, and they are fairly easy to obtain. Mwananchi credit has joined organizations responding in kind to the coronavirus pandemic in kenya by introducing interestfree loans for new customers and rebates for existing borrowers mwananchi credit ceo dennis mombo says the move is expected to ease the burdens of credit on kenyans who are suffering the effects of a partial quarantine imposed by government to. You can borrow up to 60% of the value of your car in 6 hrs and repay within a period of up to 20 months. Logbook loans in kenya have become popular as the need for credit continues to grow. This kind of loan is subject to a loan appraisal process. About logbook loans in nairobi instant cash on logbooks.
You no longer have to sell your car to release its value, thanks to an auto advance logbook loan. Car logbook loans car logbooks can be used to access quick loans in kenya from some lenders as security. Applications for loans on logbook can also be carried at our branches in nairobi. We arrange same day loans in exchange for the logbook, while you keep the use of your vehicle. We specialise in providing cash to you, our clients, fast whenever you need it so that you can achieve your goals. We charge a small processing fee and for 48 months repayment periods. Platinum credit offer logbook loans within 24 hours disbursed via cheque, mpesa or bank account. The company says it is increasing the recording of rides to settle disputes between drivers and passengers and to improve safety. Logbook loans get logbook loans in kenya nairobi, mombasa. You can get financed against your motor vehicle logbook to meet your urgent. We are a top 100 medium size company 2014 and 2016. To be the leading providers of financial services, the one that everyone wants to do business with and associated with for its best in class performance, ethical and peoplecentered way of doing business.
All log book loans are subjected to a loan appraisal process. They prefer employment or business documents before asking for any owned tangibles. A logbook loan is a form of secured lending in the united kingdom and is the most common. Car financing in kenya get used car financing in mogo. Valuation of the subject car by a reputable valuer such as aa of kenya. Applications for loans on logbook can also be carried at our branches in nairobi, mombasa and nakuru, kenya. By choosing to secure a logbook loan from our company, you will have access to loans of up to 80% based on the cars value, fast loan processing withinin 24 hours, a very convenient repayment package, and a guarantee of no hidden fees nhf. Anyone who owns a private vehicle qualifies for auto logbook loan.
Auto logbook loans ngao credit offers quick loans against motor vehicles. Momentum credit is one of the most popular credit companies in kenya and they also offer logbook loans. Auto logbook loan car logbook loans are great solutions for quick cash, and they are fairly easy to obtain since your logbook acts as collateral for the loan. Through the app, customers can chat with their pals, read news, shop, pay bills, save and even take loans. Log book loan in kenya up to 20 million from mwananchi credit. We have the most competitive and attractive rates in town. We changed the narrative of lending, just an hour and you are sorted.
We managed to make sure that you are sorted within the lowest time possible. Ecobank kenya announced tuesday giving funding amounting to ksh10 million to aid in fight against the deadly and infectious coronavirus. Depending on the loan amount, period and the vehicle you wish to purchase, the annual percentage rate ranges from 30. The loan facility is secured using your cars logbook. Some of the companies that offer car logbook loans in kenya include. Ngao credit limited is a nondeposit taking microfinance institution founded with the main goal of providing financial services. Thanks to the many creditors in kenya today, you can get your logbook loan. Auto advance logbook loans kenya ltd home facebook.
We offer log book loans in kenya as a form of financing whereby the loan advance is secured against the borrowers car. Copy of id for kenyan directors and valid passport for non citizens. Mwananchi credit limited offers logbook loans on your motor vehicles logbook from as low as 3% interest rate, loan amount is issued in 6 hours or less of up to 25,000,000. Apply for an instant guaranteed logbook loan in kenya secured by the value of your car. Ubers video recording feature is a partnership with nauto, a technology company that uses artificial intelligence to analyze video from vehicles. The log book loan is a loan that is secured against the value of your car. See more of auto advance logbook loans kenya ltd on facebook. Logbook loans in kenya the guaranteed logbook loan in kenya can be used by individuals to meet personal expenses such as medical, school fees, purchase of household goods etc. People love to see cars as liabilities until they get into a fixture that required urgent funding. Get great deals and discounts on products from experienced sellers or post your products and services quickly and get offers from ready and willing buyers across kenya. Theyre a controversial form of raising shortterm finance, where borrowers hand over the v5 logbook of their car to a lender in exchange for a loan. Their logbook loan facility is secured against the value of the borrowers car. Momentum credit can lend up to kes 5000000 to help you unlock trapped cash in your car within 24 hours to help meet your personal and business financial needs without selling your car. You can also use your log book to secure a loan in kenya.
You can get up to 5 million shillings in loan within 24 hours. By analyzing billions of data points from over 400 million aianalyzed video miles, nauto s machine learning algorithms continuously improve and impact driver behavior before events happen, not after. We provide auto logbook loans which is a loan that is secured against the value of your car using your vehicles logbook. Logbook loans have been described by the head of citizens advice as a toxic mix of the worst part of payday loans and unruly bailiffs. Asset finance, logbook loans, smeemployee loans new kcc loans, instant loans, fincredit staff and rep loans. The personal secured loan will help you get started and with flexible repayment periods up to 72 months. Credit kenya salary advance, asset, logbook loans, lpo. Mogo is one of the most reputable companies that offer logbook loans in kenya. Coop personal loan imagine the possibilities with a coop bank personal loan. Other services nairobi, freyr international ltd is offering you the following loan products auto logbook loans kes. The target clients are owners of commercial or private vehicles.
If you are looking to access secured loans in kenya, this firm will offer you. Log book loans are secured against your car and available anywhere in the uk. These are the places you can access online loans in kenya in 2020. Life is not certain and at times people find themselves in financial disarray and therefore they need a. The last resort for many of us has been borrowing from creditors.
Logbook loans in kenya genuine providers in 2020 urban. Car logbook loans in mogo maximum loan amount 000 kes quick and easy auto logbook loans regardless of the age and make of you car. Luckily, we have a variety of loan providers that can grant you instant online loans in kenya and help you save the situation. Car logbook loans in uganda easy logbook loan for old. Check out some of the places you can get quick loans in kenya for that rainy day. We can lend up to kes 5,000,000 to help you unlock trapped cash in your car within 24 hours to help meet your personal and business financial needs without selling your car.
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