Loans against logbook in kenya

Apply for an instant guaranteed logbook loan in kenya secured by the value of your car. 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. The log book loan is a loan that is secured against the value of your car. We arrange same day loans in exchange for the registration document, while you keep the use of your vehicle. We provide fast and reliable micro loans against logbooks and title deeds to individuals and small businesses. 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. 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. By filling in the form below, we will match you with the best and cheapest secured auto logbook loans provider in kenya. We offer log book loans in kenya as a form of financing whereby the loan advance is secured against the borrowers car. Jijenge credit now loans up to sh10,000,000 across the east african region. Thanks to the many creditors in kenya today, you can get your logbook loan almost immediately after application. Bashy african credit is a non deposit taking microfinance based in nairobi. Jan 24, 2020 the logbook loans in kenya are secured against the value of your car.

Our quick logbook loans are easy to secure and are usually based on a. Nic became a public company in 1971 and is currently quoted on the nairobi stock exchange with approximately 22,000 shareholders. Oct 18, 2019 auto logbook loans ngao credit offers quick loans against motor vehicles. Bashy african credit offers quick loans against motor vehicles. Customers prefer bashy african credit because of its flexible requirements. Logbook loans in kenya and how to apply instantly kenyans. You will still keep use of your vehicle even as you enjoy the loan facility. The company is primarily involved in small scale, financial services. First name last name telephone number email address type of loan. The loan is secured on the vehicle using a bill of sale and the customer is asked to sign a consumer credit agreement. A logbook loan may only be issued by an fca regulated company. Also car loans, title deed loans, salary advance, cheque cashing, trade finance. All you need is to have an active kcb account for a minimum of 3 months, and requisite security.

Log book loan in kenya up to 20 million from mwananchi credit. With jijenge credit, there is less hassle in securing your loan. For our logbook loans we consider the age of the vehicle up to 10 years old. We offer no guarantees that you will qualify for any loans. Best loans against item lenders in kenya loans kenya blog. 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 lbl is a form of financing, whereby the loan advanced is secured against the borrowers motor vehicle. By making timely payments you demonstrate that you can manage your debt. 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.

Aar credit services ltd gives loans with car logbooks as collateral. 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. 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. Today i have 11 lenders who can give out loans against logbooks in kenya in less than 24hrs. We also offer insurance for public and private companies. While some may check on your credit score, most companies in kenya rarely consider it to offer logbook loans. Samchi credit is another top provider of top logbook loans in kenya. Your repayment schedule can be on a weekly or monthly basis depending on your choice. Nov 12, 2019 5 logbook loans overlook credit checks. Offering a variety of loans including log book, civil servant, duty financing and mkopo kodi. Car loans in kenya car financing in kenya logbook loans. The last resort for many of us has been borrowing from creditors. Fincredit allows you to pledge your car as security for a loan.

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. You can continue to drive your car during the loan term. Logbook loans in kenya genuine providers in 2020 urban. Top 10 places to get quick emergency loans nairobi kenya 2019. 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. Momentum credit is one of the most popular credit companies in kenya. Barclays bank of kenya limited acquired 51% of nics total. You will also have to sign credit agreement and a bill of sale.

Your vehicle may be repossessed if you do not keep up repayments on your loan. Here are the features of the samchi credit logbook loan. We specialise in providing cash to you, our clients, fast whenever you need it so that you can achieve your goals. Valuation of the subject car by a reputable valuer such as aa of kenya. Logbook loan release cash from your vehicle in 1 hour car. Auto advance logbook loans kenya ltd home facebook. Loans against logbook bashy african credit offers quick loans against motor vehicles. By filling in the form below, we will match you with the best and cheapest secured loans provider in kenya. The event, which was held last evening at movenpick. We can lend up to kes 5,000,000 to help you unlock trapped cash in your car. Access salary advance, title deed loans, import duty finance.

Mwananchi credit ranked best in logbook loans business. Izwe loan pays up to 70% the car value, upto ksh 3,000,000. Apr 07, 2020 these are the places you can access online loans in kenya in 2020. Top 10 loan lenders against logbook in kenya plus their. People love to see cars as liabilities until they get into a fixture that required urgent funding. If the car is above 8 years, one can access up to 30% of its market value.

Personal loans in kenya, quick secured personal loans. Anyone who owns a private, commercial or passenger service vehicle. Auto advance logbook loans kenya ltd, nairobi, kenya. Logbook loans cash logbook loans secured against all. 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. Ashford house, 4145 church road, ashford, middlesex, tw15 2tq. 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.

The car is the primary security and therefore the loan is against your car. 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. Initially trading as mwananchi microlink ltd from 15th april 2010, it officially changed names to mwananchi credit. Milhan access capital offers affordable logbook loans in kenya among other loan products. 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. Luckily, we have a variety of loan providers that can grant you instant online loans in kenya and help you save the situation. Luckily, we have a variety of loan providers that can grant you instant online loans in kenya. Aug 28, 2019 logbook loans in kenya have become popular as the need for credit continues to grow. The personal secured loan will help you get started and with flexible repayment periods up to 72 months. Milhan access capital affordable logbook loans in kenya. Loans are available for a wide range of purposes, including.

They are loans secured against a vehicle, usually a car. Loans against logbook lenders in kenya tuko kenya online. This includes vans, commercial vehicles and personal vehicles. How to apply for a log book loan and where to access it. Access a loan amount of up to 50% value of the car if its below 8 years. Ironically, by getting small loans you will be well on your way to remove black marks from your financial name.

Platinum credit limited is a credit only microfinance company licensed in kenya under the companys act. Mwananchi credit limited was incorporated as a private limited company under the companies act cap 486 of the laws of kenya. Depending on the loan amount, period and the vehicle you wish to purchase, the annual percentage rate ranges from 30. On 10th january 2012, it later changed its names to mwananchi credit limited. Please be aware that to qualify for this loan you need to have a car as the asset which will secure your loan. In bashy we embrace all our customers and help them wherever we can. 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. With institutions adapting to new technologies, jijenge credit has a mobile lending services for its customers. Logbook loans get logbook loans in kenya nairobi, mombasa. Unlike most of the other lenders, jijenge credit offers a loan of up to 60%.

We have a team of professional valuers who verify ownership and market value in 2 hours. 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. Logbook loans uk online same day payouts auto advance. Besides logbook loans, mwananchi credit also offers an array of other financial solutions including.

Between 1993 and 1996, bbk divested its shares, selling 38% of its shares to the public in 1994. These loans are typically processed in approximately 24hrs. Auto logbook loans are great solutions for quick cash, and they are fairly easy to obtain. The company was founded in 2003 with a vision to provide emergency loans. This loan can be used for any purpose and is ideal for people looking to expand their. In fact, using emergency cash loans is one of the easiest ways to improve your credit rating. The lenders offices are located at 1st floor,methodist centre,loitoktok road,nairobi. Failure to repay the loan, the company will have the right to repossess the car. In general, loans against items in kenya are short term loans given within less than 24hrs and repayable in less than a year.

If you need cash urgently, sonix credit ltd will give you the quickest solution thanks to our logbook and title deed loan. 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. How to apply for a log book loan and where to access it platinum credit ltd. Asset finance, logbook loans, smeemployee loans new kcc loans, instant loans, fincredit staff and rep loans. It takes the shortest time just an hour to process your loan. Authorised and regulated by the financial conduct authority under number 677922 for consumer credit. We are incorporated as a limited company, as per the kenyan companys act. Once a loan has been approved the loan will be disbursed within 24 hours, either via mpesa, cheque or to a bank account.

To get loans against your car logbook from fairdeal for cash, call 0722169168 or 07361639. These are the places you can access online loans in kenya in 2020. We offer asset finance, bid bonds, logbook loans, loans on title deeds. 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. We offer this type of loan if you have less money to buy car or. Logbook loans are loans secured against your vehicle. Mwananchi credit limited is a leading provider of logbook loans in kenya. 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. A secured loan is a loan in which the borrower pledges some asset e. About logbook loans in nairobi instant cash on logbooks.

Documents required for loan processing are scanned or sent via email. A logbook loans, sometimes referred to as a v5 loan, is a shortterm loan that is secured on a vehicle. Jijenge credit jijenge credit pays up to 60% the car market value. Jijenge credit is another place whereby one can secure a genuine top logbook loans in kenya. 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 rise of logbook loans in kenya and what you need to know. The rise of logbook loans in kenya and what you need to. 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. 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. 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. Answers to frequently asked questions about logbook loans in kenya. About logbook loans in nairobi instant cash on logbooks fast. Mwananchi credit emerged the most preferred credit microfinance in logbook loans in the inaugural automotive sector excellence awards.

This samchi loan enables you to get cash using your vehicle as security. We are an awardwinning micro finance in logbook microfinancing. All log book loans are subjected to a loan appraisal process. What documents are needed to apply for a logbook loan. Logbook loans lbl is a form of financing, whereby the loan advanced is secured against. The amount of loan given per item is always a percentage of the item market value mostly placed at around 50% 60% recommended goods. Loans can be secured against more than one motor vehicle at the same time. Secured loan secured loan is offered against log book and tittle deed within only 12 hours.