Business Loans

Bashy African Credit Limited Logbook Loan Details

Rates available from as of 1st April 2021
Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

Bashy African Credit Limited

Logbook Loan
Amount
Ksh50k - 600k (80% of vehicle)
Duration
3 months - 12 months
Total Cost
10.4% - 15% per month + ksh27,500 additional fees
Typically approved within 2 Hours
visit website

Total Cost Breakdown (Loan Fees):

  • ‍‍Monthly Interest: 10%
  • Processing Fee: 5%

Additional Third Party fees:

Pre-approval Fees:

  • Valuation(+logbook In-charge): ksh4500

Other Fees:

  • Car Tracker: ksh20k
  • Disbursement fee: nil

Loan structure‍

  • Type: Secured
  • Interest structure: Reducing balance

Loan  Details‍

  • % Financed: Up to 80% of FSV
  • Year of Manufacture cut-off: 2005
  • Max tenure: 12 Months
  • Minimum Amount: ksh50,000
  • Max amount: ksh600,000
  • Repayment Frequency: Monthly
  • Early repayment: Allowed

Documents

  • Original logbook
  • Original national ID
  • KRA PIN
  • 2 passport photos
  • Comprehensive Insurance cover

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 120%
  • Total Third-Party Fees (See Cost Breakdown): Ksh24,500
  • Total Loan Repayment Amount: Ksh247,500
  • Monthly Loan Repayments: Ksh18,333

Money254 Review

Pros

  • Quick loan processing time (2 hours)
  • Interest on Reducing balance
    ‍

Cons

  • Legal fees charged ksh3000
  • Car tracking device relatively expensive(20k upfront or 5k per month)

Use Money254's free search to view the best Business Loans available in Kenya today

We have aggregated all of the Business Loans from Kenya's top financial institutions.
See all Business Loans

What is Money254?

Money254 is a new platform focused on helping you make more out of the money you have. We’ve created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts have tirelessly collected.  
‍

We’ve just launched but will be adding more product categories and tools over the coming months.

Sign-up to our newsletter and social channels to stay up-to-date!
Learn more about Money254

Learn more about business loans with these recent articles from the Money254 blog:

Cost of Electricity to Shoot Up 78% - Money Weekly
News and Analysis

Cost of Electricity to Shoot Up 78% - Money Weekly

January 26, 2023
Why a Bosco is the Ideal Pet for Dog Lovers
Money Management

Why a Bosco is the Ideal Pet for Dog Lovers

January 26, 2023
Inflation is Your Biggest Enemy in 2023: 6 Smart Ways to Invest Your Money
Money Management

Inflation is Your Biggest Enemy in 2023: 6 Smart Ways to Invest Your Money

January 26, 2023
Types of Internships That Can Supercharge Your Career After Graduation
Money Management

Types of Internships That Can Supercharge Your Career After Graduation

January 25, 2023

Stay up to date with your money - sign up for our newsletter today.

Get updates from the Money254 team on financial news and new Money254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
DOWNLOAD THE APP
Get it on google play
About
CompanyTerms of UsePrivacy PolicyEditorial Standards
Contact Us
Products
Personal LoansBusiness LoansAuto LoansLogbook LoansSavings AccountsCurrent AccountsCredit Cards

Disclaimer: The information that Money254 provides on this website is obtained from publicly available resources and is intended for information or educational purposes only. Money254 strives to keep the information on the website up to date and does not warranty that all the information will be as the financial institutions updated or changed information at all times. Money254 does not own any of the information provided by or obtained from third party financial institutions. Take note that the institutions represented on this website may vary their terms at any time or may offer you terms different to what you have seen on the website due to their own analysis of your individual circumstances or change of terms and you are encouraged to review the specific financial institution’s terms and conditions when obtaining their services or products. Money254 is not a financial institution, insurance provider or financial adviser and is not liable for any decisions any individual makes based on the information provided on the website.  Please refer to our terms and conditions and privacy policy before using this website.