Pioneer Credit Logbook Loan Details

Rates available from as of 1st April 2021
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Pioneer Credit

Logbook Loan
Ksh100k - 3M (60% of vehicle)
6 months - 12 months
Total Cost
5.2% - 5.4% per month + ksh7,550 additional fees
Typically approved within 24 hours
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Total Cost Breakdown (Loan Fees):

  • Monthly Interest: 5%
  • Processing Fee: 2.5%

Additional Third-Party Fees:

Pre-approval Fees:

  • Valuation:ksh3,000

Other Fees:

  • Logbook Search: ksh550
  • NTSA In-charge: ksh2000
  • Car Tracker: ksh2000 per month

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): Ksh7,550
  • Total Loan Repayment Amount: Ksh166,200
  • Monthly Loan Repayments: Ksh 13,333

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • % Financed: Up-to 60% of FSV
  • Minimum tenure: 6 Months
  • Max tenure: 12 Months
  • Minimum Amount: ksh100,000
  • Max amount: ksh3,000,000
  • Repayment Frequency: Monthly


  • Original Logbook
  • 3 months M-pesa Statements
  • 6 Months Bank Statements
  • KRA Pin and copy
  • National ID and copy
  • One passport photo
  • Comprehensive Insurance

Money254 Review


  • Up-to 60% of car value financing
  • Relatively low third-party fees (ksh7550)


  • Relatively high monthly interest rate of 5%
  • Car tracking device charged ksh2000 per month for the entire duration of the loan

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Pioneer Credit logbook loans are designed for individuals who own vehicles. Pioneer Credit offers logbook loans that cover up to 60% of your car's value. As of May 2022, Pioneer Credit has branches in Nairobi, Kisumu, Eldoret, and Kiambu.

Who is Eligible for Pioneer Credit Logbook Loan?

Pioneer Credit Logbook Loan Security/Collateral

Pioneer Credit Logbook Loan Limits and Interest Rates

Total Upfront Fees

Pioneer Credit Logbook Loan Interest Structure

Pioneer Credit Logbook Loan Interest Structure

How to Apply for Your First Pioneer Credit Logbook Loan

How to Make Pioneer Credit Logbook Loan Repayments


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