If you’re in Nairobi and need quick access to cash, a logbook loan from Jijenge Credit might be the solution you’re looking for. Here at Jijenge we have become a popular option for individuals who own a vehicle and need to unlock its value without selling it. This simple and fast loan option allows you to borrow money using your car logbook as security.
What is a Logbook Loan?
A logbook loan is a type of secured loan where your car serves as collateral. In exchange for the loan, Jijenge Credit temporarily holds your logbook (vehicle ownership documents) until you’ve fully repaid the loan. The good news is – you still get to use your car as usual while repaying the loan.
Also Read: Cheapest Logbook Loans in Nairobi: What You Need to Know
Why Choose Affordable Logbook Loans in Nairobi?
Many lenders in Nairobi, like Jijenge Credit, now offer flexible and affordable logbook loans tailored to meet different needs. Whether it’s for medical bills, school fees, business capital, or unexpected emergencies, we can provide a lifeline without lengthy paperwork or strict requirements.
Here’s why they are popular:
- Fast Processing – Most loans are approved within 24 hours at Jijenge Credit.
- Flexible Repayment Terms – Repayments are structured to suit your financial situation.
- Keep Using Your Car – Your vehicle remains in your possession.
- No Need for a Perfect Credit Score – Approval is primarily based on the value of your car.
How Much Can You Borrow?
The loan amount is usually determined by the value of your car. Jijenge Credit typically offers up to 50-80% of your vehicle’s forced sale value. The better condition your car is in, the higher the loan you can qualify for.
Also Read: Top 5 Mistakes to Avoid When Applying for a Digital Loan
Requirements:
- Original logbook
- National ID and KRA PIN
- Proof of income or business
- Comprehensive insurance for the car
In a nutshell, affordable logbook loans in Nairobi from Jijenge Credit are a convenient way to get the cash you need without losing access to your car. However, it’s important to borrow responsibly – ensure the repayment terms align with your income to avoid the risk of losing your vehicle.
If you’re considering a logbook loan, compare different lenders in Nairobi, and you’ll find Jijenge Credit among the top for competitive rates and flexible repayment plans.
