Kifedha Credit Auto Logbook Loan Details

Rates available from as of 1st April 2021
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Kifedha Credit

Auto Logbook Loan
Easy Apply
Ksh50k - 1M (Up-to 50% of vehicle)
3 months - 24 months
Interest Rate
5% per month
Total Cost Including Institution's Other Fees
5.03% - 5.20% per month + ksh3,000 upfront fees
Typically approved within 24 Hours
visit website
Easy Apply

Loan Type

Logbook Loan

Total Cost Breakdown (Loan Fees):

  • Monthly Interest: 5%
  • Processing fee: ksh2400 for loans below 500K and ksh4800 for loans above 500k
  • Late fees: 10% of monthly installment

Pre-approval Fees:

  • Valuation: ksh3,000 for cars below 500k and ksh4000 for cars above 500K
  • No Valuation for Loans Below 100k

Additional Third-Party Fees:

  • NTSA Search: ksh550
  • NTSA In-charge: ksh2000
  • Car Tracker: ksh3000
  • Legal fees: ksh4500

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • % Financed: Up-to 50% of FSV
  • Year of Manufacture cut-off: 2008
  • Maximum tenure: 24 Months
  • Minimum Amount: ksh50,000
  • Max amount: ksh1,000,000
  • Repayment Frequency: Monthly
  • Early Repayment : Allowed
  • Late fees: 10% monthly (of 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: Ksh500,000
  • Example Loan Tenure: 12 months
  • Representative APR: 60%
  • Total Third-Party Fees (See Cost Breakdown above): Ksh5,550
  • Monthly Loan Repayments: Ksh66,667
  • Total Loan Repayment Amount: Ksh800,000

Money254 Review


  • Cars of any age eligible for financing
  • Loan duration up to 24 months


  • Relatively high monthly interest of 5%

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