Izwe Logbook Loan: Product Details and How to Apply

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Logbook Loan
Loan Amount
Up to 75% of vehicle
Loan Period
6 months - 18 months
Interest Rate
3.5% per month
Total Cost
(incl fees)
3.7% - 5.17% per month
Product Details
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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%

Pre-approval Fees:

  • Valuation: ksh3,600

Additional Third-Party Fees:

  • NTSA In-charge: ksh1,175
  • Legal Fees: Ksh1000
  • Car Tracker installation: ksh1800
  • Monthly Tracker Fee (included in installment amount): ksh1800

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • % Financed: Up-to 75% of FSV
  • Year of Manufacture cut-off: 2007
  • Vehicle Makes not accepted: Alfa Romeo, Cadillac, Chrysler, Chery, Citroen, Daewoo, Dodge, Fiat, Foton, Lincoln, Maserati, Mini, Peugeot, Renault
  • 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): ksh7,575
  • Monthly Loan Repayments: ksh11,833
  • Total Loan Repayment Amount: ksh166,200

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.

Our Review
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  • Up-to 75% 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

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


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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.

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