Logbook loans are a fast and efficient product for car owners looking for large amounts of financing in a short period of time. Secured against your car, logbook loans can be accessed by all car users, and the funds can be used for any use case. They can be a helpful source of financing for both individuals and businesses.
We’ve aggregated Kenya’s fastest logbook loans below. While the loans listed can all be approved quickly, the speed of approval fully depends on how quickly you can gather the required documents and visit a branch for car valuation and tracker installation.
Cheaper logbook loans may also exist than those listed below. To easily compare all logbook loans on Money254, click here.
Good for: Car owners with older car models, Jijenge accepts all car models and ages as long as the vehicle is in working good.
Good for: Car owners looking to pay off their loan quickly, Bashy's reducing balance repayment plan means you can cut your monthly repayments quickly by paying more.
Good For: Car owners with older cars or anyone who doesn't have comprehensive insurance and is looking for less than Ksh 500k.
Good for: Anyone with outstanding defaults at a credit reference bureau, Ngao's flexible underwriting process doesn't include a CRB check.
Good for: Flexible underwriting, can accept either M-Pesa or Bank statements for income verification.
Good for: Watu Gari has affordable interest rates and also doesn't charge any upfront fees.
Good for: Momentum also has no upfront fees and accepts M-Pesa or bank statements for income verification.