Hakki Car Finance Logbook Details

Rates available from as of 1st April 2021
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Hakki Car Finance

Logbook Loan
Amount
Ksh100k - 1.5M (50% of vehicle)
Duration
3 months - 2 years
Total Cost
3.18% - 10.02% per month
Typically approved within 24 hours
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Total Loan Cost Breakdown

  • Minimum monthly Interest: 3.1%
  • Maximum monthly Interest: 3.35%
  • Application fees: ksh20,000 for loans below 150K and ksh30,000 for loans above 150k
  • Valuation: Free
  • Logbook In-charge + Discharge: Free
  • Car Tracker: Free

Loan structure

  • Type: Secured
  • Interest structure: Reducing balance

Loan  Details

  • % Financed: Up-to 50% of FSV
  • Minimum tenure: 3 Months
  • Max tenure: 24 Months
  • Minimum Amount: ksh100,000
  • Max amount: ksh1,500,000
  • Repayment Frequency: Monthly

Documents

  • 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

Money254 Review

Pros

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

Cons

  • Relatively high application fees of ksh20k to ksh30k

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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

Contacts

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