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Money254 Introduces Ksh2,000 Reward for Logbook Loan Applicants
Money254 Introduces Ksh2,000 Reward for Logbook Loan Applicants
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Money254 Introduces Ksh2,000 Reward for Logbook Loan Applicants

Money254
Eric Ndubi, Managing Editor
April 8, 2022

NAIROBI Friday, April 8 - Since March, Money254 has been making it easy for consumers and business owners to directly apply for financial products through our new Easy Apply process. 

To celebrate, Money254 is pleased to announce the launch of a Ksh2,000 reward offer for all successful logbook loan applicants who apply via the Money254 platform.

This is a first in a series of rewards for users using the Money254 platform to search, compare and directly apply for different financial products.

We enable you to compare products that you qualify for on the terms that matter most for you whether it is eligibility, the sheer amount that you qualify for, the total cost of the financial product or the speed within which your application will be processed. 

This offer is currently exclusive to successful logbook loan applications. If you are looking for a logbook loan in Kenya, you can compare; terms, fees, eligibility, the percentage of your car value that a lender can lend you, processing fees and disbursement periods all on one screen to help you make the best decision. 

What is Easy Apply?

A first in the financial services industry, Easy Apply by Money254 allows you to conveniently apply for different financial products directly from your phone or laptop via the Money254 platform without the hustle of going to a branch. 

Applying for a logbook loan with Money254 Easy Apply has numerous advantages. On top of making sure you find the best product for your needs, Easy Apply provides;

1. Speed

We have dedicated relationship officers at our partner institutions who contact you immediately you make an application to ensure it is processed fast. In addition, at any point during your application, you can call Money254 to get the clarifications you may need before proceeding. As such, with Easy Apply, you do not have to wait for callbacks, that may sometimes take days, before receiving a verdict on your application.

2. Security

Money254 has partnered with credible financial insitutitions to make sure your application is secure. All data shared via Money254 to support your application is secure and only shared with the lender of your choice. . 

3. Free to Use

Money254 does not markup prices or charge any fees. We work in partnership with the institutions directly to offer Easy Apply products. The total cost of the product you have chosen remains the same as determined by the lender. 

How to Qualify For the Ksh2,000 Logbook Loans Cash Back Promotion

Note: logbook loans are loans between Ksh 50,000 and 25m and are secured against your car. This means you must own a car in order to qualify for the deal. 

  1. You must have a vehicle logbook in your name - Please make sure you indicate that you have a logbook in your name when searching for a personal loan in the Money254 guided search flow
  2. Compare from the 6 verified lenders featured on Money254
  3. Choose your preferred lender based on the terms that matter to you
  4. Click on ‘Easy Apply’ button on your preferred lender’s card and fill in the brief interest  form
    NOTE you can call Money254 at any point during this process for guidance

It is as easy as that! Once you submit the form one of our agents will call you to walk through the next steps before passing your information over to the partner of your choice.

Money254 will send you the Ksh2,000 cash back once the lender has approved your logbook loan application and deposited the borrowed amount into your bank account. 

Disclosure

Money254 does not charge any additional fees for using the platform, from searching, comparing and directly applying for the logbook loan through the platform. 

We provide the information and the ability to apply directly to the lender for free to all our users. 

The terms; interest rates, percentage of car value that can be given as a loan, penalties, disbursement periods and documents required to be eligible remain as determined by the lender. 

So if you are looking for a logbook loan, why not apply through Money254? In addition to being able to compare, on one screen the terms and conditions from lenders offering logbook loans, you are also getting a Ksh2,000 cashback that helps make your loan even cheaper!

We will be building out more lending categories in the near future so check back soon. 

New to Logbook Loans? Learn More Below…

All You Need to Know About Logbook Loans in Kenya

Advantages and Disadvantages of Logbook Loans in Kenya

Logbook Loan Fees and Terms; All You Need to Know

Things to Consider Before Taking a Logbook Loan in Kenya

Eric Ndubi is the Managing Editor at Money254. He holds an MSc in Media and Communications from the London School of Economics and Political Science. Prior to leading Money254's editorial team, he worked as the Editor at Kenyans.co.ke, social media manager at Citizen TV and editorial manager at Hivisasa.com. You can find him on twitter @Eric_Ndubi

Learn more about Personal Loans available in Kenya on Money254

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected.

Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.
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