Use your logbook to get a Loan

By: CreditJenga0 comments

Introduction to the Product

The Log Book Loan is a loan that is secured against the value of your car.  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 1hour, 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
  • Clear copy of original ID.
  • Certified Bank statements for the last six months.
  • Copy of KRA Pin.
  • One recent colour passport sized photographs
  • Original Vehicle Logbook
  • Valid Comprehensive Insurance cover.
  • Certificate of Incorporation / registration. (For Business owners only)

Term

Repayment period ranges from 1 to 12 months.

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

Amounts

Minimum loan amount: Ksh. 50,000
Maximum loan amount: Ksh. 5,000,000

Our Promise:

Cash in 1 hour

Before starting you will need to consider if you meet the above

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