Umba 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 50% of vehicle
Loan Period
3 months - 1 year
Interest Rate
3% per month
Total Cost
(incl fees)
3.54% - 5.17% per month + ksh3,150 upfront fee
Product Details
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Loan Cost

  • Monthly Interest: 3%
  • Processing Fee: 4%
  • Insurance fee: 2.5%
  • Disbursement fee: ksh0
  • Valuation:ksh2500
  • Logbook Search: ksh650
  • Logbook In-charge: Ksh1175
  • Logbook Transfer: ksh1175
  • Chattel Registration: ksh2000
  • Car Tracker: ksh20000
  • Membership fee: ksh1000

Loan structure

  • Type: Secured
  • Interest structure: Flat rate

Loan  Details

  • % Financed: Up to 50% of FSV
  • Year of Manufacture cut-off: 2009
  • Minimum tenure: 3 Months
  • Max tenure: 12 Months
  • Minimum Amount: ksh100,000
  • Max amount: ksh1,000,000
  • Repayment Frequency: Monthly
  • Early Repayment: Allowed, not charged
  • Late repayment: 2% daily (of installment amount)


  • Original Logbook and copy
  • 6 months M-pesa Statements
  • 6 Months Bank Statements
  • Payslip if employed/Business registration certificate if in business
  • KRA Pin
  • National ID
  • Passport photo
  • Valuation report

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 63%
  • Monthly Loan Repayments: Ksh15,130
  • Total Loan Repayment Amount: Ksh181,560
Our Review
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  • Relatively low interest: Monthly interest of as low as 3%


  • Upfront fees: Valuation fee of ksh2500 paid upfront
  • Maximum amount: Maximum loan amount is ksh1M
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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.

Welcome to Money254 - your simple way to compare loans online.

At Money254, we're dedicated to helping you find the right loans for your business or personal needs. Easily compare over 150 verified loans from banks, MFIs, and digital lenders, and make informed decisions without having to visit a physical branch.

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