This section will show you where to get logbook loans in Kenya and apply for one.
As the name suggests, a logbook loan is a loan where the borrower gives their car as collateral.
The borrower will still have the car and use it to continue paying the loan but cannot claim ownership. This is because the lender has the car’s logbook.
The car belongs to the lender until the loan has been fully paid.
In most cases, this form of loan can be classified as an emergency loan, especially if you need emergency money and have a car.
Where Can I get a Logbook loan in Kenya?
Here are places you can get a logbook loan in Kenya:
FinCredit offers you a secure way to access top logbook loans within the shortest turnaround time. It is, therefore, among the top logbook loan places in Kenya to try out the next time you require a quick loan.
Requirements to access this loan as just as those listed above for other firms. One will need to present the following:
- Utility bills copy to act as proof of your place of residence
- Copy of ID and KRA pin or a Passport if a resident in Kenya
- Car valuation certificate
- Certified bank statements and payslips for six months and three months, respectively.