Cheap car logbook loans in kenya

The total amount of the loan that can be borrowed will depend on the value of the car and the borrowers requirements, but logbook loans are also good for those with bad credit as well as those that need quick access to a cash loan. Nic became a public company in 1971 and is currently quoted on the nairobi stock exchange with approximately 22,000 shareholders. Logbook loans explained guide to v5 car loans in the uk. Logbook loans for older cars ideally, your car should be 10 years old at the most, but whatever the age of your vehicle, we will always try to help you as best we can. The logbook loans in kenya are secured against the value of your car. Logbook loan get a same day logbook loan from loans 2 go. What is a logbook loan and other faqs, auto advance. Other companies that offer instant car loans in kenya secured by logbooks include mwananchi credit, ngao credit, and bcf kenya. Ksh 10m car loans for top civil servants as seen above, there are multiple car loans in kenya. Car logbook loans companies are specialist lenders who can lend to you regardless of your credit history, and its different from a traditional car finance, as you get to keep driving the car, and receive your loan. These loans are typically processed in approximately 24hrs. You can get a cheap one at 400,000 from one of its old generation makes, or up to 2m for the latest model.

Visit us at the fit xpress offices for your personalized car logbook loan solution. The logbook loan lender is given ownership of your car until you fully pay back the loan, although the lender owns the vehicle, you can. Log book loan in kenya up to 20 million from mwananchi credit. You no longer have to sell your car to release its value, thanks to an auto advance logbook loan. Not all legitimate lenders do this though especially the mainstream commercial banks who dont ask for collateral right away. By getting the best car loan deals for your financial situation, you will need to compare the interest rates and terms. The logbook loan covers up to 80% of your cars value irrespective of the age and model. Logbook loans logbook money v5 loans log book loans. In kenya, mogo provides financing to passenger cars and logbook loans from 100,000 to 1,000,000 kenyan shillings for a period of 6 to 60 months. If you want a fast loan secured on your car, then auto advance logbook loans can help and the process couldnt be easier. Logbook loans are usually available up to the value of your car or other vehicle. You are free to drive your car and you will make payments on a debit card each month to pay back the amount you.

Cars with loans cannot access logbook loans as the ownership is still not yet with the customer. In kenya, more and more people are buying cars, and many. Depending on the loan amount, period and the vehicle you wish to purchase, the annual percentage rate ranges from 30. Buy or sell new or second hand cars in kenya s biggest auto bazaar. Modern motorcycles can cost as much or more than a small car. Logbook loans in kenya genuine providers in 2020 urban. Logbook loans cash logbook loans secured against all vehicles.

Mwananchi credit limited is a leading provider of logbook loans in kenya. The reason they are called logbook loans is that the logbook your vehicle registration. Apply for an instant guaranteed logbook loan in kenya secured by the value of your car. All log book loans are subjected to a loan appraisal process. There are certain age restrictions for car loans in kenya. Musoni is the future of high quality microfinancial services and leverages information communication technology ict heavily to manage its operations much more efficiently than peer organizations, and to scale rapidly as it delivers better services to clients. This loan can be used for any purpose and is ideal for people looking to expand their. We offer asset finance, bid bonds, logbook loans, loans on title deeds. The loan facility is secured using your cars logbook up to ksh. Car logbook loan requirements fit xpress kenya quick car. At varooma we offer fast, same day logbook loans which means the cash can be transferred into your bank account within hours of a successful application.

What is the cheapest car you can buy in kenya with ksh 500,000 or less. We also do buy off loans from yards, bank or other microfinance. Once the loan is disbursed, the log book is kept by samchi credit limited and is transferred back upon repayment of the loan. Due to the ongoing coronavirus pandemic and the governments social distancing instructions to help reduce the spread of the virus, we have decided to temporarily halt the provision of logbook loans.

Starting the application process for a motorbike logbook loan is very simple indeed. In exchange, the lender will keep the logbook of the borrower with them. Musoni is the future of high quality microfinancial services and leverages information communication technology ict heavily to manage its operations much more efficiently than peer organizations, and. This service is being offered by cheki kenya in collaboration with major kenyan banks. These loans will give you a chance to get money very, very quickly. Once you have submitted all the necessary documents, you get your loan after 24 hours. Logbook loans cash logbook loans secured against all. Apply for a uk log book loan today and, using your vehicles v5c certificate, you may be able to secure funds up to.

Buy or sell new or second hand cars in kenyas biggest auto bazaar. If you are looking for car finance, kenya car bazaar ltd. In comparison to small bank loans, there are less formalities and paperwork with instant payday loans even with bad credit. Expiry duration of all inspection bookings from 16th march were adjusted to expire on 30th may, 2020. Logbook loans are a special kind of personal loans secured against a vehicle. Some people choose to sell items around their home that they may not be using anymore, and others go to a financial institution to get a loan. You can easily repay a loan in affordable installments as you are able. The loan is secured on the vehicle using a bill of sale and the customer is asked to sign a consumer credit agreement. Logbook loans are simply a form of secured lending, using your car, motorbike or other vehicle as security against a loan.

For momentum credit, the car s manufacturing date should not exceed fifteen years. We can lend up to kes 5,000,000 to help you unlock trapped cash in your car. This loan can be used for any purpose and is ideal for people looking to expand their business, foray into new ventures or supplement the working capital cash flow deficits. This kind of loan is subject to a loan appraisal process. The borrower can use their vehicle throughout the duration of the loan, and it is the borrowers responsibility to ensure the car is insured, taxed and kept in. After all, you do not want to own a car that will end up being. We are happy for you to use them as collateral for a logbook loan.

Log book loans are secured against your car and available anywhere in the uk. Affordable cars in kenya with the ever increasing pace of life, cars are becoming a necessity for every working class person. So whilst you may have been turned down for other types of loans and finance, many borrowers are able to release. If you cannot get a normal loan or have nothing to sell, logbooks loans may be what you need. Car logbook loans companies are specialist lenders who can lend to you regardless of your credit history, and its different from a traditional car finance, as you get to keep driving the car, and receive your loan as well. A logbook loan is cheaper than a payday loan because it is secured against the value of your car. Documents required for loan processing are scanned or sent via email.

We have the quickest loans, all our products are processed in under an hour. The guaranteed logbook loan in kenya can be used by individuals to meet personal expenses such as medical, school fees, purchase of household goods etc. Using your vehicle as security means a lower interest rate and lower repayments. Logbook loan release cash from your vehicle in 1 hour car. You can apply for the logbook loans online without needing to speak to anyone initially and the whole process can be very quick. Cash generator logbook loans loan against car get a. Secondly, shop around for the best possible price for the car you would love. The appeal of a logbook loan lies in the promise of quick. The exciting aspect about our product is that we also allow a third party logbook with a signed consent from the owner.

Quick car logbook loans are now easy to get courtesy of fit xpress kenya. Also car loans, title deed loans, salary advance, cheque cashing, trade. The appeal of a logbook loan lies in the promise of quick cash without the need for a credit check, which makes them particularly attractive to customers with a poor credit history. Just apply for logbook loans and you will get loan same day. Barclays bank of kenya limited acquired 51% of nics total shares through the acquisition of mercantile in the 1970s and standards shareholding in nic in the 1980s. Logbook loans are loans secured against your vehicle. They prefer employment or business documents before asking for any owned tangibles. Borrowers transfer ownership of their car, van or motorcycle to the. Older car logbook loans on older cars 8 years and older the age of your car isnt a concern if it has value then theres a good chance you could lend against it.

Car logbooks can be used to access quick loans in kenya from some lenders as security. Check out the minimal requirements needed to get you easy car logbook loan. We are located in the cbd on the 6th floor of townhouse. Our lenders can, however, compare logbook loan rates across the market to help you find the most competitive quote. Your four wheeler vehicles, any new or old car can. If you intend to use the car with business models such as uber, for example, the car logbook may be required not to be transferred to another persons possession separate from you and this might bar.

Do you know you can buy a car with just ksh 200, 000. Cheapest cars in kenya cars for sale in kenya car bazaar. Logbook loans are designed as a finance solution for those with bad credit. Therefore, always go for a car loan amount that you can repay comfortably.

We can lend up to kes 5,000,000 to help you unlock trapped cash in your car within 24 hours to help meet your personal and business financial needs without selling your car. Rapid logbook loans nairobi get finances to support any personal business projects in 24 hours using your logbook certificate and continue driving it in different towns. Logbook loans logbook money v5 loans log book loans uk wide. Jijenge credit now loans up to sh10,000,000 across the east african region. The great thing about logbook loans from varooma is that you can just carry on as normal. Logbook loan alternative high acceptance free instant. A logbook loan may only be issued by an fca regulated company. A logbook loan is a form of secured lending in the united kingdom and is the most common modern example of a security bill of sale. Read on to find out more about our shortterm loans and how one could help you should a financial emergency arise. Cheki finance is a car loan service designed to effectively meet the financing needs of car buyers in kenya. Payday loans dont have any collateral, meaning interest and repayments are higher. Cars for sale in kenya buy new and used cars auto bazaar. But did you know you can also get motorbike logbook loans. Quick loans,emergency loans in kenya, small loans in kenya.

But as you plan to buy one, remember there are costs that come with this move, which include fuel and maintenance. You no longer have to sell your car to release its. Its a realtime mobile and web platform that enables those that want to do searches and verifications of legal documents in kenya such as ntsakra logbook search and verificationcar and vehicle registration search to do so with easily on their phone or computer without having to. Car logbook loans are great solutions for quick cash, and they are fairly easy to obtain since your logbook acts as collateral for the loan.

Same day online logbook loans for older cars up to. Not all legitimate lenders do this though especially. You may find other older car lenders refuse to lend against older cars typically over 8 years, in fact you may have been refused a loan before for this reason. Logbook loans apply for cash loans secured against car. Use your logbook to get a quick financial solution from us. Car cash point our logbook loans are never beaten on price. Free to apply for a no obligation quote with instant decision. We offer log book loans in kenya as a form of financing whereby the loan advance is secured against the borrowers car. Car logbook loan requirements fit xpress kenya quick. With institutions adapting to new technologies, jijenge credit has a mobile lending services for its customers. If you intend to use the car with business models such as uber, for example, the car logbook may be required not to be transferred to another persons possession separate from you and this might bar you from accessing a logbook loan. Logbook loans lbl is a form of financing, whereby the loan advanced is secured against the borrowers motor vehicle.

The reason they are called logbook loans is that the logbook your vehicle registration certificate, also known as your v5 is taken by the lender for duration of the loan term, temporarily resulting in the lender owning your vehicle. So whilst you may have been turned down for other types of loans and finance, many borrowers are able to release money from the car, bike or van that is sitting in their drive way. This means that you can access some money by leveraging your vehicle logbook as security. The log book loan is a loan that is secured against the value of your car. You have probably spotted a few platinum credit adverts or billboards while on the road. Its a realtime mobile and web platform that enables those that want to do searches and verifications of. Instant cash from online car logbook loans for older cars. Cheki finance provides car buyers with quick car loans for the purchase of kenyan used cars, foreign used cars, or brand new cars that are listed on. Very bad credit, ccjs, arrears and defaults too may apply and qualify for logbook loans.