Izwe Logbook Loan Details

Rates available from as of 1st April 2021
Customise your results to find loans you're eligible for by answering 5 more questions
Customize Results
Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.


Logbook Loan
Easy Apply
Ksh50k - 5M (60% of vehicle)
6 months - 18 months
Interest Rate
3.5% per month
Total Cost Including Institution's Other Fees
3.7% - 4.92% per month + ksh7,175 additional fees
Typically approved within 24 hours
visit website
Easy Apply

Loan Type

Logbook Loan

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 In-charge: ksh1,175
  • Legal Fees: Ksh1000
  • Car Tracker installation: ksh1400
  • Monthly Tracker Fee (included in instalment amount): ksh1400

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

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • % Financed: Up-to 60% of FSV
  • Minimum tenure: 6 Months
  • Max tenure: 18 Months
  • Minimum Amount: ksh50,000
  • Max amount: ksh3,000,000
  • Repayment Frequency: Monthly


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

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

See more Personal Loans available in Kenya on Money254

From short-term app loans to long-term bank loans, we have aggregated all of the unsecured Personal Loans from Kenya's top financial institutions.

See All Personal Loans

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

Izwe Kenya Logbook Loan Interest Structure

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


Welcome to Money254!

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected. Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.

Explore All Products On Money254

Stay up to date with your money - sign up for our newsletter today.

Get updates from the Money254 team on financial news and new Money254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.