Often life throws unexpected financial emergencies our way, and accessing quick cash can be challenging. But if you own a car, you could be in luck! Accessing a logbook loan could be a convenient and easy way to access quick cash.
These loans allow vehicle owners to borrow money using their car’s logbook as collateral without selling the vehicle.
Here’s a closer look at some of Kenya’s top logbook loan providers:
Jijenge Credit Limited
Jijenge Credit is one of Kenya’s most trusted logbook loan providers, known for its fast processing and flexible repayment terms. It offers loans on both private and commercial vehicles, making it a great option whether you need personal funds or cash to support your business. You can borrow up to 80% of the value of your vehicle, and the loan is processed within 24 hours!
Also Read: What You Need to Know Before Taking a Logbook Loan
Mogo Kenya
Mogo is a well-established financial institution offering logbook loans for cars and motorcycles. They provide up to 70% of the vehicle’s value, with a repayment period of up to 60 months, making them ideal for anyone seeking manageable instalments. The best part? You can keep driving your car while repaying the loan.
Shika Loan
For those seeking speed and convenience, Shika Loan is a popular option. They offer an easy online application process, allowing you to apply from the comfort of your home. With fast approvals and flexible terms, Shika ensures that you can secure the cash you need without lengthy procedures.
Mwananchi Credit
Mwananchi Credit offers competitive logbook loan services with quick processing and a customer-friendly approach. They allow vehicle owners to access up to 60% of their car’s value, and you can enjoy flexible repayment periods ranging from 12 to 48 months. With Mwananchi, you can expect transparency and no hidden fees.
Also Read: How to Create and Stick to a Budget That Works for You
Autochek Financing
Autochek stands out by offering both vehicle financing and logbook loans. Their application process is straightforward, and they work with numerous banking partners to ensure you get the best rates possible. Autochek’s focus is on providing a seamless experience, allowing customers to focus on their financial needs while still retaining the use of their vehicle.
Why Choose a Logbook Loan?
- Fast Processing: Most logbook loans are approved within 24-48 hours.
- Keep Your Car: You continue using your vehicle while repaying the loan.
- Flexible Repayments: Providers offer various repayment plans tailored to your financial capacity.
If you’re looking for a quick and hassle-free way to secure cash, a logbook loan might be the solution you need. With Kenya’s leading providers offering competitive terms and speedy approvals, you’ll be back on your feet in no time!
