Izwe Logbook Loan Details

Rates available from as of 1st April 2021
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Logbook Loan
Ksh50k - 20M (75% of vehicle)
6 months - 18 months
Total Cost
3.7% - 5.17% per month + ksh3,600 upfront fees
Typically approved within 24 hours
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Total Cost Breakdown (Loan Fees):

  • Monthly Interest tiers:
    *6 Months - 4.5%
    *12 Months -3.8%
    *18 Months- 3.5%
  • Processing Fee: 4%

Additional Third-Party Fees:

Pre-approval Fees:

  • Valuation: ksh3,600

Other Fees:

  • NTSA Logbook In-charge: ksh1,175
  • Car Tracker: ksh1800 per month
  • Car tracker Installation: ksh1,800
  • Legal fees: ksh1,000

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • % Financed: Up-to 75% of FSV
  • Year of Manufacture cut-off: 2008
  • Minimum tenure: 6 Months
  • Max tenure: 18 Months
  • Minimum Amount: ksh50,000
  • Max amount: ksh20,000,000
  • Repayment Frequency: Monthly
  • Early repayment: Allowed, not charged
  • Late fees: 0.55% daily (of installment balance)


  • Original Logbook
  • Valid Driver's license
  • Post dated cheques for the loan term
  • 6 Months Bank Statements
  • KRA Pin
  • National ID

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 45.6%
  • Total Third-Party Fees (See Cost Breakdown): ksh7,175
  • Total Loan Repayment Amount: ksh166,200
  • Monthly Loan Repayments: ksh11,833

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

Money254 Review


  • Up-to 60% of car value financing
  • Relatively low Third-Party fees(ksh7,175)


  • Relatively high processing fee of 4% of amount disbursed

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Izwe Kenya logbook loans are designed for individuals who own vehicles. Izwe offers logbook loans that cover up to 70% of your car's value for vehicles not older than 15 years. As of May 2022, Izwe has branches in Nairobi, Embu, Eldoret, Kitale, Machakos, Malindi, Mombasa and Kisumu.

Who is Eligible for Izwe Kenya Logbook Loan?

Izwe Kenya Logbook Loan Security/Collateral

Izwe Kenya Logbook Loan Limits and Interest Rates

Total Upfront Fees

Other Fees

Other Fees

Estimated Total Minimum and Maximum Monthly Cost of Izwe Kenya Logbook Loan

How to Apply for Your First Izwe Kenya Logbook Loan

How to Make Izwe Kenya Logbook Loan Repayments


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