Asset finance, logbook loans, smeemployee loans new kcc loans, instant loans, fincredit staff and rep loans. Secured loan secured loan is offered against log book and tittle deed within only 12 hours. Logbook loans are loans secured on your vehicle, so the lender owns your vehicle until you pay the loan back. Barclays bank of kenya limited acquired 51% of nics total shares through the acquisition of mercantile in the 1970s and standards shareholding in nic in the 1980s. Loans against logbook lenders in kenya tuko kenya online. Logbook loans lbl is a form of financing, whereby the loan advanced is secured against the borrowers motor vehicle. These loans are typically processed in approximately 24hrs. We offer asset finance, bid bonds, logbook loans, loans on title deeds. Anyone who owns a private, commercial or passenger service vehicle.
The rise of logbook loans in kenya and what you need to. About logbook loans in nairobi instant cash on logbooks fast. Answers to frequently asked questions about logbook loans in kenya. With institutions adapting to new technologies, jijenge credit has a mobile lending services for its customers. Mwananchi credit limited was incorporated as a private limited company under the companies act cap 486 of the laws of kenya. Customers prefer bashy african credit because of its flexible requirements. These are the places you can access online loans in kenya in 2020. The rise of logbook loans in kenya and what you need to know. Thanks to the many creditors in kenya today, you can get your logbook loan almost immediately after application. Once a loan has been approved the loan will be disbursed within 24 hours, either via mpesa, cheque or to a bank account. We arrange same day loans in exchange for the registration document, while you keep the use of your vehicle.
You can borrow up to 50% of the value of your motor vehicle in less than 24hrs,and repay within a period of up to 12 months. Personal loans in kenya, quick secured personal loans kcb. Documents required for loan processing are scanned or sent via email. Loans against logbook lenders in kenya when you decide to take a logbook loan, it means that you have made up your mind to hand over your vehicle registration documents with all your details to proof that you own the vehicle. Access salary advance, title deed loans, import duty finance. Best loans against item lenders in kenya loans kenya blog. We are an awardwinning micro finance in logbook microfinancing. Logbook loans uk online same day payouts auto advance.
Loans against your logbook or title deed if you need cash urgently, sonix credit ltd will give you the quickest solution thanks to our logbook and title deed loan. It initially started operations under the names mwananchi microlink ltd which was incorporated on 15th april 2010. To get loans against your car logbook from fairdeal for cash, call 0722169168 or 07361639. The main difference between logbook loans and guarantor loans is that logbook loans are secured in this case, on your car, whereas guarantor loans are unsecured. 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. Barclays bank of kenya limited acquired 51% of nics total. Nov 16, 2016 in general, loans against items in kenya are short term loans given within less than 24hrs and repayable in less than a year. Authorised and regulated by the financial conduct authority under number 677922 for consumer credit. Izwe loan pays up to 70% the car value, upto ksh 3,000,000. The event, which was held last evening at movenpick.
Jijenge credit is another place whereby one can secure a genuine top logbook loans in kenya. The loan is secured on the vehicle using a bill of sale and the customer is asked to sign a consumer credit agreement. Between 1993 and 1996, bbk divested its shares, selling 38% of its shares to the public in 1994. Valuation of the subject car by a reputable valuer such as aa of kenya. Loans are available for a wide range of purposes, including. Loans against logbook bashy african credit offers quick loans against motor vehicles. Bashy african credit think different grow big shyrican%credit%. Initially trading as mwananchi microlink ltd from 15th april 2010, it officially changed names to mwananchi credit. No credit check one of the advantages of logbook loans in kenya is that you can access them even when you have been denied credit elsewhere.
Logbook loans lbl is a form of financing, whereby the loan advanced is secured against. Offering a variety of loans including log book, civil servant, duty financing and mkopo kodi. Platinum credit limited is a credit only microfinance company licensed in kenya under the companys act. The lenders offices are located at 1st floor,methodist centre,loitoktok road,nairobi. 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. 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. When you take out an auto log book loan with wezesha credit, you provide the original logbook, which is be held for the duration of the loan and returned to you as soon as the loan is settled. Auto advance logbook loans kenya ltd, nairobi, kenya. Here are the features of the samchi credit logbook loan. Besides logbook loans, mwananchi credit also offers an array of other financial solutions including. Top 10 places to get quick emergency loans nairobi kenya 2019. For our logbook loans we consider the age of the vehicle up to 10 years old.
A secured loan is a loan in which the borrower pledges some asset e. Unlike most of the other lenders, jijenge credit offers a loan of up to 60%. They are loans secured against a vehicle, usually a car. We offer log book loans in kenya as a form of financing whereby the loan advance is secured against the borrowers car.
Mwananchi credit emerged the most preferred credit microfinance in logbook loans in the inaugural automotive sector excellence awards. Milhan access capital affordable logbook loans in kenya. The last resort for many of us has been borrowing from creditors. Jan 24, 2020 the logbook loans in kenya are secured against the value of your car. A logbook loans, sometimes referred to as a v5 loan, is a shortterm loan that is secured on a vehicle. May 16, 2020 loans against logbook lenders in kenya when you decide to take a logbook loan, it means that you have made up your mind to hand over your vehicle registration documents with all your details to proof that you own the vehicle.
This loan enables borrowers to tap into the value of their car without having to sell it, and can be secured against almost any type of vehicle, including motorcycles, motorhomes, vintage cars and even boats and light aircraft. You are joining a very large family and we invest in transparency. Also car loans, title deed loans, salary advance, cheque cashing, trade finance. Top 10 loan lenders against logbook in kenya plus their. The logbook loan lender is given ownership of your car until you fully pay back the loan, although the lender owns the vehicle, you can. Aug 28, 2019 logbook loans in kenya have become popular as the need for credit continues to grow. By filling in the form below, we will match you with the best and cheapest secured loans provider in kenya. Apr 07, 2020 these are the places you can access online loans in kenya in 2020. You can continue to drive your car during the loan term. We offer this type of loan if you have less money to buy car or. Please be aware that to qualify for this loan you need to have a car as the asset which will secure your loan. The log book loan is a loan that is secured against the value of your car.
Auto logbook loans ngao credit offers quick loans against motor vehicles. What you need to know about logbook loans in kenya. Bashy african credit is a non deposit taking microfinance based in nairobi. Logbook loans cash logbook loans secured against all. Loans can be secured against more than one motor vehicle at the same time. Luckily, we have a variety of loan providers that can grant you instant online loans in kenya. By filling in the form below, we will match you with the best and cheapest secured auto logbook loans provider in kenya. Logbook loans in kenya genuine providers in 2020 urban. A logbook loan may only be issued by an fca regulated company. The personal secured loan will help you get started and with flexible repayment periods up to 72 months. All you need is to have an active kcb account for a minimum of 3 months, and requisite security.
Business loans, small business loans in kenya nic bank. All log book loans are subjected to a loan appraisal process. Personal loans in kenya, quick secured personal loans. While we do not want to speak on behalf of other providers of logbook loans in kenya, we at mwananchi credit can guarantee that we are priced at very. Failure to repay the loan, the company will have the right to repossess the car. We offer no guarantees that you will qualify for any loans.
We can lend up to kes 5,000,000 to help you unlock trapped cash in your car. How to apply for a log book loan and where to access it platinum credit ltd. Your vehicle may be repossessed if you do not keep up repayments on your loan. Milhan access capital offers affordable logbook loans in kenya among other loan products. Your repayment schedule can be on a weekly or monthly basis depending on your choice. Bashy african credit offers quick loans against motor vehicles. Please feel free to complete the form below and a member of our team will be in contact with you to provide a free quote. Auto advance logbook loans kenya ltd home facebook. Nov 27, 2018 luckily though,some lenders not mainstream, tend to consider owned goods for example cars to give out loans against them and forget about the client being employed or in business. In general, loans against items in kenya are short term loans given within less than 24hrs and repayable in less than a year. This loan can be used for any purpose and is ideal for people looking to expand their. Logbook loans in kenya and how to apply instantly kenyans. First name last name telephone number email address type of loan.
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. This includes vans, commercial vehicles and personal vehicles. Aar credit services ltd gives loans with car logbooks as collateral. Fincredit allows you to pledge your car as security for a loan. The company is primarily involved in small scale, financial services. Today i have 11 lenders who can give out loans against logbooks in kenya in less than 24hrs. You will still keep use of your vehicle even as you enjoy the loan facility. Luckily though,some lenders not mainstream, tend to consider owned goods for example cars to give out loans against them and forget about the client being employed or in business.
Logbook loans cash logbook loans secured against all vehicles. In bashy we embrace all our customers and help them wherever we can. Apply for an instant guaranteed logbook loan in kenya secured by the value of your car. It takes the shortest time just an hour to process your loan. Car loans in kenya car financing in kenya logbook loans. Access a loan amount of up to 50% value of the car if its below 8 years. We provide fast and reliable micro loans against logbooks and title deeds to individuals and small businesses. While some may check on your credit score, most companies in kenya rarely consider it to offer logbook loans. With jijenge credit, there is less hassle in securing your loan. Jijenge credit now loans up to sh10,000,000 across the east african region. On 10th january 2012, it later changed its names to mwananchi credit limited. In fact, using emergency cash loans is one of the easiest ways to improve your credit rating.
Auto logbook loans are great solutions for quick cash, and they are fairly easy to obtain. We specialise in providing cash to you, our clients, fast whenever you need it so that you can achieve your goals. Our quick logbook loans are easy to secure and are usually based on a. Mwananchi credit limited is a leading provider of logbook loans in kenya. By making timely payments you demonstrate that you can manage your debt. We are incorporated as a limited company, as per the kenyan companys act. You will also have to sign credit agreement and a bill of sale. If the car is above 8 years, one can access up to 30% of its market value. Nic became a public company in 1971 and is currently quoted on the nairobi stock exchange with approximately 22,000 shareholders. Auto advance logbook loans is a trading name of dtw associates limited, registered in england and wales under number 05305220. 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.
The borrower can use their vehicle throughout the duration of the loan, and it is the borrowers responsibility to ensure the car is insured, taxed and kept in. Oct 18, 2019 auto logbook loans ngao credit offers quick loans against motor vehicles. Log book loan in kenya up to 20 million from mwananchi credit. Logbook loans get logbook loans in kenya nairobi, mombasa. Samchi credit is another top provider of top logbook loans in kenya. How to apply for a log book loan and where to access it. Logbook loan release cash from your vehicle in 1 hour car. The amount of loan given per item is always a percentage of the item market value mostly placed at around 50% 60% recommended goods. We also offer insurance for public and private companies. Luckily, we have a variety of loan providers that can grant you instant online loans in kenya and help you save the situation.
Momentum credit is one of the most popular credit companies in kenya. Ironically, by getting small loans you will be well on your way to remove black marks from your financial name. Due to the ongoing coronavirus pandemic and the governments social distancing instructions to help reduce the spread of the virus, we have decided to temporarily halt the provision of logbook loans. 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. People love to see cars as liabilities until they get into a fixture that required urgent funding. What documents are needed to apply for a logbook loan. Nov 12, 2019 5 logbook loans overlook credit checks. This samchi loan enables you to get cash using your vehicle as security. This means that, should you default on the repayments for the loan, the lender would have the power to seize your vehicle so that they can recoup their costs. Nov 15, 2019 flexible amount since logbook loans are secured against a car, the amount of money you can borrow is flexible, one can borrow up to 5million depending on the value of the car. Jijenge credit jijenge credit pays up to 60% the car market value. We have a team of professional valuers who verify ownership and market value in 2 hours. Depending on the loan amount, period and the vehicle you wish to purchase, the annual percentage rate ranges from 30.
Logbook loans are loans secured against your vehicle. As the name suggests, logbook loans are loans secured against the value of your vehicle either a personal car or a company vehicle, most logbook loans lenders offer loans from 50% the value of your vehicle which you can repay within 20 months. Mwananchi credit ranked best in logbook loans business. About logbook loans in nairobi instant cash on logbooks.
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