Kifedha Credit Auto Logbook Loan Details

Rates available from as of 1st April 2021
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Kifedha Credit

Auto Logbook Loan
Ksh50k - 1M (50% of vehicle)
3 months - 24 months
Total Cost
5.02% - 5.20% per month + ksh3,000 upfront fees
Typically approved within 24 Hours
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Total Cost Breakdown (Loan Fees):

  • Monthly Interest: 5%
  • Processing fee: ksh2400 for loans below 500K and ksh4800 for loans above 500k
Additional Third-Party Fees:

Pre-approval Fees:

  • Valuation: ksh3,000 for cars below 500k and ksh4000 for cars above 500K

Other Fees:

  • NTSA Search: ksh600
  • NTSA In-charge & transfer: ksh4000
  • Car Tracker installation: ksh3000
  • Legal fees: ksh4500
  • Logbook search: ksh2000

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • % Financed: Up-to 50% of FSV
  • Year of Manufacture cut-off: 2005
  • Minimum tenure: 1 Month
  • Max tenure: 18 Months
  • Minimum Amount: ksh50,000
  • Max amount: ksh1,000,000
  • Repayment Frequency: Monthly
  • Early Repayment: Allowed, not charged
  • Late fees: 10% monthly (on installment balance)


  • Vehicle Original Logbook and copy
  • Original ID
  • 2 Passport photos
  • 2 blank but signed motor vehicle ownership transfer forms
  • 6 months bank statements
  • Latest utility bill or rental lease for proof of residential address
  • Execution of a chattels mortgage
  • Valuation report and vehicle's photograph
  • comprehensive insurance

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 60%
  • Total Third-Party Fees (See Cost Breakdown above): Ksh5,550
  • Total Loan Repayment Amount: Ksh166,050
  • Monthly Loan Repayments: Ksh13,333

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

Money254 Review


  • Cars of any age eligible for financing
  • Loan duration up to 18 months


  • Relatively high monthly interest of 5%

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Kifedha Credit logbook loans are designed for individuals who own vehicles. Kifedha offers logbook loans that cover up to 50% of your car's value. As of May 2022, Kifedha Credit has branches in Nairobi, Thika, and Kiambu.

Who is Eligible for Kifedha Credit Logbook Loan?

Kifedha Credit Logbook Loan Security/Collateral

Kifedha Credit Logbook Loan Limits and Interest Rates

Other Fees

Total Upfront Fees

Total Upfront Fees

Estimated Total Minimum and Maximum Monthly Cost of Kifedha Credit Logbook Loan

How to Apply for Your First Kifedha Credit Logbook Loan

How to Make Kifedha Credit Logbook Loan Repayments


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