Logbook loans in kenya

In kenya we have several companies which offers these kind of logbook loans. If you need cash urgently, sonix credit ltd will give you the quickest solution thanks to our logbook and title deed loan. Apr 07, 2020 these are the places you can access online loans in kenya in 2020. Read on to find out more about our shortterm loans and how one could help you should a financial emergency arise. When you take out a logbook loan, you hand over your registration documents or vehicle logbook to the lender. In comparison to small bank loans, there are less formalities and paperwork with instant payday loans even with bad credit. Offering a variety of loans including log book, civil servant, duty financing and mkopo kodi. Mwananchi credit ranked best in logbook loans kenyan digest. Unlike most of the other lenders, jijenge credit offers a loan of up to 60%. Asset finance, logbook loans, smeemployee loans new kcc loans, instant loans, fincredit staff and rep loans. There are websites like go fund me kenya that support crowd funding the digital version of harambee, you can also get a logbook loan from companies like milhan access capital, or get financing from nonprofit lenders.

Documents required for loan processing are scanned or sent via email. Milhan access capital offers affordable logbook loans in kenya among other loan products. You are joining a very large family and we invest in transparency. It takes the shortest time just an hour to process your loan. We are a top 100 medium size company 2014 and 2016.

With the need to access credit for both individuals and businesses in kenya, most people are moving away for banks to acquire credit from smaller players in the market. Apply now for vihecle log book loans, salary advance loans title deed loans at affordable interest rate. Logbook loans logbook money v5 loans log book loans. Momentum credit is one of the most popular credit companies in kenya.

Mwananchi credit limited is an incorporated private company that tops this list of top logbook loans in kenya. The loans once approved is made available within 24 hours. Anyone who owns a private, commercial or passenger service vehicle. With institutions adapting to new technologies, jijenge credit has a mobile lending services for its customers. Logbook loans lbl is a form of financing, whereby the loan advanced is secured against the borrowers motor vehicle. Mar 05, 2020 at platinum credit, all loans including the logbook loan are subjected to a loan appraisal process. In fact, using emergency cash loans is one of the easiest ways to improve your credit rating. However companies with more than one year of revenue have more financing available to them. All log book loans are subjected to a loan appraisal process. Once a loan has been approved the loan will be disbursed within 24 hours, either via mpesa, cheque or to a bank account. Milhan access capital affordable logbook loans in kenya. 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. Momentum credit can lend up to kes 5000000 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. Logbook loan estimated lead time up to 24 hours access upto 50% of logbook value loans from kes 100,0008,000,000 1.

Logbook loans in kenya genuine providers in 2020 urban. We are incorporated as a limited company, as per the kenyan companys act. Nov 27, 2018 car logbook loan givers in kenya car logbook loans car logbooks can be used to access quick loans in kenya from some lenders as security. Job field sales marketing retail business development. Auto advance logbook loans kenya ltd home facebook. Auto advance logbook loans kenya ltd, nairobi, kenya. Shortterm loans of between 1 and 4 months can be given to employees who apply for them. Ironically, by getting small loans you will be well on your way to remove black marks from your financial name. We have the quickest loans, all our products are processed in under an hour. You have to ensure that you get the best deal possible in the market. 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. 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. Other companies that offer instant car loans in kenya secured by logbooks include mwananchi credit, ngao credit, and bcf kenya. Apply for an instant guaranteed logbook loan in kenya secured by the value of your car.

Fincredit is a premier credit only microfinance institution with operations in kenya and uganda. Fincredit allows you to pledge your car as security for a loan. Cheki finance is a car loan service designed to effectively meet the financing needs of car buyers in kenya. We managed to make sure that you are sorted within the lowest time possible. Nov 19, 2019 there are websites like go fund me kenya that support crowd funding the digital version of harambee, you can also get a logbook loan from companies like milhan access capital, or get financing from nonprofit lenders. If you do take one out, check that the lender is a member of a trade body and it complies with a code of practice, specifically on logbook loans. Free to apply for a no obligation quote with instant decision.

Car logbook loans car logbooks can be used to access quick loans in kenya from some lenders as security. This is a great opportunity to take ownership and grow with kenyas leading nonbank lender. The log book loan is a loan that is secured against the value of your car. Car loans in kenya car financing in kenya logbook loans. This samchi loan enables you to get cash using your vehicle as security. Mwananchi credit emerged the most preferred credit microfinance in logbook loans in the inaugural automotive sector excellence awards. Logbook loans in kenya have increasingly become popular. Thanks to the many creditors in kenya today, you can get your logbook loan almost immediately after application. Also car loans, title deed loans, salary advance, cheque cashing, trade. Edenbridge capital is a non bank financial services company registered in kenya.

Why take an auto logbooks loan with ngao credit ltd. This happens to be the most convenient way of getting quick money especially if you own a car and you need the money more or less worth your car. Loans can be secured against more than one motor vehicle at the same time. We have the most competitive and attractive rates in town. Aug 28, 2019 logbook loans in kenya have become popular as the need for credit continues to grow. About logbook loans and how does it work we changed the narrative of lending, just an hour and you are sorted. Car logbook loans in mogo maximum loan amount 000 kes quick and easy auto logbook loans regardless of the age and make of you car. 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. Valuation of the subject car by a reputable valuer such as aa of kenya. Individuals, small and medium businesses have the potential to thrive, but lack access to capital required to do so. They prefer employment or business documents before asking for any owned tangibles. Quick logbook loans from kenyas most trusted credit only microfinance.

As seen above, there are multiple car loans in kenya. Access salary advance, title deed loans, import duty finance. Employed, nairobi, kenya my friend recommended me to ecredit for a quick loan. Initially trading as mwananchi microlink ltd from 15th april 2010, it officially changed names to mwananchi credit limited on 10th january 2012. 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. We offer log book loans in kenya as a form of financing whereby the loan advance is secured against the borrowers car. Luckily, we have a variety of loan providers that can grant you instant online loans in. Logbook loans can seem tempting if you need cash fast and have a poor credit rating, but there are always alternatives. Logbook loans in kenya mwananchi credit limited youtube. Logbook loan alternative high acceptance free instant. We arrange same day loans in exchange for the registration document, while you keep the use of your vehicle. 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. Personal loans in kenya, quick secured personal loans. This service is being offered by cheki kenya in collaboration with major kenyan banks.

The last resort for many of us has been borrowing from creditors. People love to see cars as liabilities until they get into a fixture that required urgent funding. The logbook loans in kenya are secured against the value of your car. The target clients are owners of commercial or private vehicles. Log book loans are secured against your car and available anywhere in the uk. Logbook loans cash logbook loans secured against all vehicles. Logbook loans in kenya and how to apply instantly kenyans. Log book loan in kenya up to 20 million from mwananchi credit. We specialise in providing cash to you, our clients, fast whenever you need it so that you can achieve your goals. These are the places you can access online loans in kenya in 2020. By making timely payments you demonstrate that you can manage your debt. In comparison to small bank loans, there are less formalities and paperwork with. Logbook loans get logbook loans in kenya nairobi, mombasa.

Some of the companies that offer car logbook loans in kenya include. First name last name telephone number email address type of loan. Reporting to the business development officer, you will play a crucial role in driving. Besides logbook loans, mwananchi credit also offers an array of other financial solutions including. This loan can be used for any purpose and is ideal for people looking to expand their.

We offer asset finance, bid bonds, logbook loans, loans on title deeds. Auto logbook loans are great solutions for quick cash, and they are fairly easy to obtain. Quick logbook loans from kenya s most trusted credit only microfinance. Aar credit services ltd gives loans with car logbooks as collateral. Nov 12, 2019 logbook loans in kenya have increasingly become popular. The lenders offices are located at 1st floor,methodist centre,loitoktok road,nairobi. Hypac investments limited log book loans in kenya salary.

Cheki finance provides car buyers with quick car loans for the purchase of kenyan used cars, foreign used cars, or brand new cars that are listed on. The personal secured loan will help you get started and with flexible repayment periods up to 72 months. Oct 18, 2019 auto logbook loans ngao credit offers quick loans against motor vehicles. Loans against logbook lenders in kenya tuko kenya online. Personal loans in kenya, quick secured personal loans kcb. Mwananchi credit limited is a leading provider of logbook loans in kenya. You will still keep use of your vehicle even as you enjoy the loan facility. Business loans in kenya, asset finance in kenya, car loans. Luckily, we have a variety of loan providers that can grant you instant online loans in kenya and help you save the situation. Platinum credit offer logbook loans within 24 hours disbursed via cheque, mpesa or bank account. Auto logbook loans ngao credit offers quick loans against motor vehicles. Momentum credit expanding your possibilities, we are a microfinance company in kenya that provides working capital, lpo financing, unsecured low price competitive financing within 24 hours to individual entrepreneurs, smes and medium businesses and help transforming africa. Not all legitimate lenders do this though especially the mainstream commercial banks who dont ask for collateral right away. We changed the narrative of lending, just an hour and you are sorted.

Below we will list the most genuine providers of logbook loans. Depending on the loan amount, period and the vehicle you wish to purchase, the annual percentage rate ranges from 30. Jijenge credit now loans up to sh10,000,000 across the east african region. These loans are typically processed in approximately 24hrs. Secured personal loan a secured loan is a loan in which the borrower pledges some asset e. About logbook loans in nairobi instant cash on logbooks.

We finance 50% of the logbook value from a minimum of ksh. Done this for a long time and all our benefactors can attest to this. 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 auto logbook loans provider in kenya. Apr 14, 2020 below we will list the most genuine providers of logbook loans. The processing of the loan is always quick and easy, and one can apply online or by visiting the leaders company offices. Logbook loans cash logbook loans secured against all. Bcf kenya bcf kenya gives up to 50% the value of the car and repayment is up to 12 months. Jan 24, 2020 the logbook loans in kenya are secured against the value of your car. 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. Life is not certain and at times people find themselves in financial disarray and therefore they need a. The event, which was held last evening at movenpick hotel in westlands, nairobi, was attended by automotive industry players including insurance, transport sector players and manufacturers.