Copy of id for kenyan directors and valid passport for non citizens. All log book loans are subjected to a loan appraisal process. Auto advance logbook loans kenya ltd, nairobi, kenya. Auto advance logbook loans kenya ltd home facebook. Salary overdraft get an instant line of credit with our overdraft facility. 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 once your car has been evaluated you are eligible to 50 per cent of the value of your car. This loan can be used for any purpose and is ideal for. Platinum credit limited is a credit only microfinance company licensed in kenya under the companys act. We have several of these creditonly institutions in kenya most based in nairobi the capital. 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. About logbook loans in nairobi instant cash on logbooks. Some people choose to sell items around their home that they may not be using anymore, and others go to a financial institution to get a loan.
Data from the central bank of kenyas credit survey released yesterday showed the local banking sectors loan book growth had shrunk by 0. We are an awardwinning micro finance in logbook microfinancing. We are incorporated as a limited company, as per the kenyan companys act. Cooperative bank is regulated by the central bank of kenya. Access salary advance, title deed loans, import duty finance. With platinum credit services 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.
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. Besides logbook loans, mwananchi credit also offers an array of other financial solutions including. Logbook loans lbl is a form of financing, whereby the loan advanced is secured against the borrowers motor vehicle. Log book loan in kenya up to 20 million from mwananchi credit. Launch the app and link your facebook account and you will be ready to start using the. Logbook loans cash logbook loans secured against all. How to apply for a log book loan and where to access it platinum credit ltd. These are registered businesses providing loans to kenyans without being regulated by the central bank. Logbook loans in kenya have become popular as the need for credit continues to grow. Offering a variety of loans including log book, civil servant, duty financing and mkopo kodi. This loan can be used for any purpose and is ideal for people looking to expand their business, foray into new ventures or supplement the working capital cash flow deficits. How to apply for a log book loan and where to access it.
Loans against logbook lenders in kenya tuko kenya online. 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. Results of the motor vehicle registration check online, are sent directly to your phone as sms. People love to see cars as liabilities until they get into a fixture that required urgent funding. Imagine the possibilities with a coop bank personal loan. To access tala loans, you need to have an android smartphone as well as an active facebook account. The unsecured personal loans are granted to individuals in order to meet their personal needs without the requirement for a security deposit. Thanks to the many creditors in kenya today, you can get your logbook loan. It takes the shortest time just an hour to process your loan. Apply for an instant guaranteed logbook loan in kenya secured by the value of your 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. 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. Bl98182 position summary client recruitment, business development and relationship management customer primary liaison meeting set targets position requirements must have relevant experience in selling log book loans ability to work on your own initiative as well as a part of a team excellent negotiation. Documents required for loan processing are scanned or sent via email. Logbook loans can seem tempting if you need cash fast and have a poor credit rating, but there are always alternatives. The range of the loan amount that can be borrowed is from kshs.
Bcf kenya bcf kenya gives up to 50% the value of the car and repayment is up to 12 months. Auto logbook loans are great solutions for quick cash, and they are fairly easy to obtain. Izwe kenya is a non deposittaking financial institution authorised by the government of kenya to offer unsecured check off loans to all civil servants, tsc members in all counties, as well as selected parastatals and private institutions. Bidii credit limited suite 301, 3rd floor applewood adams, off ngong road p. Car financing in kenya get used car financing in mogo. Jijenge credit now loans up to sh10,000,000 across the east african region. Asset finance, logbook loans, smeemployee loans new kcc loans, instant loans, fincredit staff and rep loans.
Although at momentum credit we advance loans of up to 5,000,000. Anyone who owns a private, commercial or passenger service vehicle. First name last name telephone number email address. 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. The logbook loans in kenya are secured against the value of your car.
Jambo credit limited the leading shortterm business and. Personal loan get cash immediately with our easy to process personal unsecured loan. This loan can be used for any purpose and is ideal for people looking to expand their. Logbook loans in kenya genuine providers in 2020 urban. They provide awide range of secured loan facilities including but not limited to. Our primary objective is support individuals and businesses through our loan and cash advance facilities. You are joining a very large family and we invest in transparency. By filling in the form below, we will match you with the best and cheapest secured auto logbook loans provider in kenya. Milhan access capital offers affordable logbook loans in kenya among other loan products. A logbook loan is a great way to secure cash quickly or if you have been refused credit before and you are looking for a quick decision on a loan. The log book loan is a loan that is secured against the value of your car.
Car loan apply for our high limit auto loan and get moving in that perfect car. Logbook loans logbook money v5 loans log book loans. If you cannot get a normal loan or have nothing to sell, logbooks loans may be what you need. Mwananchi credit limited is the leading provider of logbook loans in kenya. Logbook loans get logbook loans in kenya nairobi, mombasa. Aar credit services ltd gives loans with car logbooks as collateral. 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. Apply now for vihecle log book loans, salary advance loans title deed loans at affordable interest rate. Tala was the the first instant mobile loans app launched in kenya as mkopo rahisi in 2014.
The loans, on the other hand, come with lower interest rates as compared to different types of loans, even for people with bad credit, such as payday loans. Logbook loans are when you deposit your logbook with a financier as collateral for a loan most which is offered quicker than in other banking institutions. Whether you want to make a major purchase, finance a wedding or pay school fees, a coop bank personal loan is a simple and convenient borrowing solution to help you reach your goals. Interest rates on logbook loans in kenya can be high compared to mainstream finance.
The company was founded in 2003 with a vision to provide emergency loans to civil servants, tsc members and employees of selected companies. The amount of money you can borrow depends on the value of your car vehicle and how much you can comfortably afford to repay the higher the value of your car, the more cash you can potentially borrow but you must be able to afford the cost of the loan repayments. Well fincredit allows you to pledge your car as security for a loan of up to 12 months. With institutions adapting to new technologies, jijenge credit has a mobile lending services for its customers. These loans are typically processed in approximately 24hrs. Loans can be secured against more than one motor vehicle at the same time. Milhan access capital affordable logbook loans in kenya. Nic became a public company in 1971 and is currently quoted on the nairobi stock exchange with approximately 22,000 shareholders. If you do take one out, check that the lender is a member of a trade body and it complies with. Depending on the loan amount, period and the vehicle you wish to purchase, the annual percentage rate ranges from 30. Open to employedselfemployed individuals with a regular steady income. Loans are available for a wide range of purposes, including. Once the loan is disbursed, the log book is kept by samchi credit limited and is transferred back upon repayment of the loan.
Between 1993 and 1996, bbk divested its shares, selling 38% of its shares to the. Jambo credit limited is a credit only business registered in november 2018. Small personal loans in kenya, instant online loans, easy. These loans will give you a chance to get money very, very quickly. About logbook loans in nairobi instant cash on logbooks fast. The lenders offices are located at 1st floor,methodist centre,loitoktok road,nairobi. We offer asset finance, bid bonds, logbook loans, loans on title deeds. 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. When it comes to quick loans, it is hard to beat the efficiency and service from us.
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