Mogo Credit Logbook Loan Details

Rates available from as of 1st April 2021
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Logbook Loan
Ksh100k - 2.5M (75% of vehicle)
6 months - 5 years
Total Cost
2.8% - 4.6% per month
Typically approved within 24 Hours
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Total Cost Breakdown (Loan Fees):

  • Monthly Interest: 2.5%
  • Processing Fee: 2%
  • Application fee: 10%
  • Valuation: Free
  • Logbook Discharge: Free
  • Car Tracker: Free
  • Monthly Loan monitoring fee: $20

Loan Structure

  • Type: Secured
  • Interest structure: Reducing Balance

Loan  Details

  • % Financed: Up-to 75% of FSV
  • Car Age limit: No limit
  • Minimum tenure: 6 Months
  • Max tenure: 60 Months
  • Minimum Amount: ksh100,000
  • Max amount: ksh2,500,000
  • Repayment Frequency: Monthly
  • Early repayment: Allowed, not charged
  • Late fees: 1% daily (of installment balance)


  • Original logbook
  • Original ID and copy
  • KRA pin
  • 6 months bank statement
  • 6 months M-pesa statement
  • Comprehensive insurance

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 30%
  • Processing & Application Fees: ksh12,000
  • Other Fees: ksh27,000
  • Total Loan Repayment Amount: ksh174,000
  • Monthly Loan Repayments: ksh14,509

This Product is provided by Mogo Auto. Mogo Auto is a Non-deposit taking Microfinance Institution duly registered under the Companies Act No 17 of 2015.

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  • Pay no fees unless you receive the loan: unlike some Logbook Loans, you do not need to pay the valuation fee, tracker or any other fees prior to the loan being approved and disbursed. These fees are added to the loan amount and paid back over the loan duration. 
  • Receive a high loan amount against the value of your car:  Mogo will offer you up to 75% of your car’s distressed sale value as a loan. This is higher than the industry average of 60%. 
  • Good for people with bad credit: Mogo does not check your CRB status when you apply for the loan.


  • High additional fees: This loan comes with an application fee of 10% which is added onto to the total repayment amount and paid back over the duration of the loan.

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Mogo Auto logbook loans are designed for individuals who own vehicles. Mogo offers logbook loans that cover up to 80% of your car's value regardless of age, brand, or model. As of May 2022, Mogo has branches in Nairobi, Mombasa, Nakuru, Eldoret, and Kisumu.

Who is Eligible for Mogo Auto Logbook Loan?

Mogo Auto Logbook Loan Security/Collateral

Mogo Auto Logbook Loan Limits and Interest Rates

Other Fees

Total Upfront Fees

Total Upfront Fees

Estimated Total Minimum and Maximum Monthly Cost of Mogo Auto Logbook Loan

How to Apply for Your First Mogo Auto Logbook Loan

How to Make Mogo Auto Logbook Loan Repayments


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