Mogo Logbook Loan: Product Details and How to Apply is not a lender. We verify loan rates and provide cost breakdowns from Kenya's top lenders to help you apply for loans with confidence.
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Logbook Loan
Loan Amount
Up to 75% of vehicle
Loan Period
6 months - 5 years
Interest Rate
2.5% per month
Total Cost
(incl fees)
2.8% - 4.6% per month
Product Details
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Total Cost Breakdown (Loan Fees):

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

Loan Structure

  • Type: Secured
  • Interest structure: Reducing Balance

Loan  Details

  • % Financed: Up-to 75% of FSV
  • Car Age limit: 1998
  • All vehicle makes accepted
  • Minimum tenure: 6 Months
  • Max tenure: 60 Months
  • Minimum Amount: ksh70,000
  • Max amount: ksh2,500,000
  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • 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
  • Monthly Loan Repayments: ksh14,848
  • Total Loan Repayment Amount: ksh174,000

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.

Our Review
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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 a high 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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How to Apply for a Mogo Logbook Loan: Requirements, Repayment Details, Fees and Contacts

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

Mogo Auto Logbook Loan Interest Structure

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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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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