Hakki Car Finance Logbook 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.

Hakki Car Finance

Logbook Loan
Ksh100k - 1.5M (50% of vehicle)
3 months - 2 years
Total Cost
3.18% - 4.77% per month + ksh3,000 upfront fees
Typically approved within 24 hours
visit website

Total Loan Cost Breakdown

  • Monthly Interest: 3.1%
  • Application fees: ksh20,000 for loans below 150K and ksh30,000 for loans above 150k
  • Valuation: ksh3000
  • Logbook In-charge + Discharge: Free
  • Car Tracker: Free

Loan structure

  • Type: Secured
  • Interest structure: Reducing balance

Loan  Details

  • % Financed: Up-to 50% of FSV
  • Year of Manufacture cut-off: 2010
  • Minimum tenure: 3 Months
  • Max tenure: 24 Months
  • Minimum Amount: ksh100,000
  • Max amount: ksh1,500,000
  • Repayment Frequency: Monthly
  • Early repayment: Allowed, not charged


  • Original Logbook
  • 6 months M-pesa or Bank Statements
  • KRA Pin
  • National ID
  • Pay slip if employed
  • Business certificate if Self employed

Representative Example of Loan Costs

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 37.2%
  • Application fees: ksh20,000
  • Other Fees: ksh9,808
  • Total Loan Repayment Amount: Ksh167,008
  • Monthly Loan Repayments: ksh13,924

This product is provided by Hakki Africa. Hakki Africa is a Non-deposit taking Microfinance Institution duly registered under the Companies Act No 17 of 2015.

Money254 Review


  • No Up-front fees charged
  • Relatively low monthly interest(3.1% )
  • Interest on reducing balance


  • Relatively high application fees of ksh20k to ksh30k

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

Hakki Car finance logbook loans are designed for individuals who own vehicles. Hakki offers logbook loans that cover up to 50% of your car's value, for cars not older than 12 years. As of May 2022, Hakki Car Finance has a branch in Nairobi.

Who is Eligible for Hakki Car Finance Logbook Loan?

Hakki Car Finance Logbook Loan Security/Collateral

Hakki Car Finance Logbook Loan Limits and Interest Rates

Other Fees

Total Upfront Fees

Total Upfront Fees

Estimated Total Minimum and Maximum Monthly Cost of Hakki Car Finance Logbook Loan

How to Apply for Your First Hakki Car Finance Logbook Loan

How to Make Hakki Car Finance Logbook Loan Repayments


Download the new Money254 App and don’t miss out on your next opportunity.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

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

Stay up to date with your money - download the new Money254 App Today

Get it on Google Play
Download the Money254 app on Google Playstore

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.