Logbook loans lenders in Kenya

Top 10 Best Logbook Loans Lenders in Kenya

Car logbook lenders in Kenya are a haven for those seeking emergency loans against their cars usually within 24 hours. Most lenders offer as much as 50% of the current value of the car. When you request a logbook loan, you surrender your logbook to the lender and the details are amended at the NTSA to reflect joint ownership.

You will still remain with the car during the period of the loan as you continue to service the logbook loan. However, failure to honour the loan terms will see you losing the car to the lender.

Read: Best Loan Apps in Kenya for Instant Loans

Best Car Logbook Loans Lenders in Kenya

In no particular order, here is a list of top logbook loan lenders in Kenya, the documents required, and loan details:

1. Mogo Logbook Loans

Mogo Kenya finances up to 75% of the current value of the car. You can borrow from Ksh. 70,000 up to Ksh. 2,500,000 payable up to 36 months.

Mogo charges between 2.8% to 4.6% per month, which comprises the interest and other fees.


  • Original logbook in your name
  • Original National ID and copy
  • KRA pin
  • 6 months bank statement
  • 6 months M-pesa statement

In addition to the above documents, your car should have a comprehensive insurance cover and you should be between 23 and 70 years old.

2. Mwananchi Credit

Mwananchi logbook loans

Mwananchi Credit offers logbook loans of up to 25 million Kenya shillings with a flexible repayment period of between 3 months and 24 months.

This popular logbook lender in Kenya will finance you up to 60% of the current value of the car at a cost of between 3.79% to 12.33% per month.

Usually, the logbook loan is granted within 6 hours and you can use more than one automobile to secure the loan.

Read Also:   List of KCB Bank Branches in Kenya and Their Contacts

Documents Required

  • Original Logbook in your name
  • National ID card
  • KRA Pin
  • 2 Passport Photos
  • 6 months Bank statements
  • Comprehensive Insurance Certificate

Charges Overview

The interest rate is charged at 5% pm for a six-month loan. For 12 months it’s 6% pm on a reducing balance. The processing fee is 5% of the loan amount and the insurance fee is 1%.

Here are other Mwanchi Credit logbook loan charges:

  • Valuation: Ksh. 4000, paid upfront
  • CRB Check: Ksh. 500
  • NTSA Logbook Search: Ksh. 550
  • Logbook In-charge: Ksh. 3000
  • Car Tracker Installation: Ksh. 7,500
  • Car Tracker maintenance: Ksh. 4,000
  • Legal fees: Ksh. 500
  • Bank disbursement fee: Ksh. 1000

3. Platinum Credit Logbook Loans

Platinum credit offers logbook loans up to 60% of the FSV of the car. You can borrow between Ksh. 70,000 and Ksh. 2,500,000 payable. The loan tenure is between 3 months and 2 years charged from 4.19% to 5.46% per month.

Other charges

  • Valuation fee: Ksh. 2,700 – Ksh. 4,200
  • Logbook Search: Ksh. 600
  • Post Logbook Search fee: Ksh. 750
  • NTSA In-charge: Ksh. 1,175
  • Logbook Discharge: Ksh. 1,175
  • Chattel Registration: Ksh. 1,050
  • Car Tracker: Ksh. 5,000

4. Jijenge Credit Ltd

Jijenge Credit offers logbook loans up to 80% of the FSV car value, payable from 1 month to 2 years at a total cost of between 6.75% and 12.5% per month.

The minimum amount is Ksh. 50,000 while the maximum amount is Ksh. 10 Million.

Charges Overview

  • Logbook search: Ksh. 2,000
  • NTSA In-charge: Ksh. 4,200
  • Valuation: Ksh. 2,500
  • Car Tracker Installation: Ksh. 1,500
  • Car Tracker Maintenance fee: Ksh. 3,000
  • Car Tracker removal fee: Ksh. 1,500
  • Legal Fee: Ksh. 500
  • Legal fee: Ksh. 3000

5. Izwe Logbook Loans

Izwe offers financing up to 75% of the vehicle value. You can borrow from Ksh. 50,000 to a maximum of Ksh. 20 million, payable between 6 to 18 months. The logbook loan is charged from 3.7% to 5.17% per month depending on the tenure.

Read Also:   List of National Bank of Kenya (NBK) Branches

Documents Required

  • Original Logbook
  • Valid Driver’s License
  • KRA Pin
  • National ID
  • 6 Months’ Bank Statements
  • Post-dated cheques as the loan term

6. Fin Credit Logbook Loans

Fin Credit offers logbook lending up to 50% of the value of the car payable within 12 months. The loans are available to either an individual or a business.

Requirements for an individual

  • 2 Recent passport photos
  • Copy of national ID
  • 12 Months Bank statements
  • 12 Months MPESA / Airtel Money Statements
  • Recent Utility Bill for proof of residence
  • 3 months’ recent certified Payslips
  • Copy of Logbook
  • Valuation report

Business applicants will require the following in addition to the above documents:

  • Copy of certificate of registration or incorporation
  • Copy of Kenya Revenue Authority PIN Card for business and proprietors
  • Management accounts for the past three (3) years
  • 2 Recent passport photos of the proprietors

7. Momentum Credit Logbook Loans

Borrow up to 60% of the value of the vehicle to a maximum of Ksh. 2,000,000 payable within 2  years. The loan incurs the following charges:

  • Monthly loan repayment charge: 4.36% to 7.65%
  • NTSA In-charge: Ksh. 5,050
  • Car Tracker installation: Ksh. 5,000
  • Legal Fee: Ksh. 2,450
  • Valuation: Ksh. 2,900

8. Umba Logbook Loans

Umba finances from Ksh. 100,000 to 1 million or 50% of the value of the car. The loan is payable between 3 months and 2 years at a rate of 3.18%  to 4.42% per month, depending on the loan tenure.


  • KRA Pin
  • National ID
  • Passport photo
  • Original and copy of Logbook
  • 6 months M-pesa Statements
  • 6 months Bank Statements
  • Payslip if employed or Business registration certificate if in business
  • Valuation report
Read Also:   Zash Loan App: How to Download and Apply for Loan

9. Citizens Credit Limited

The loan can be secured against more than one motor vehicle at the same time. The following documents are required before applying for the loan:

  • Original Logbook
  • National ID of Applicant
  • 2 Passport Photos
  • KRA Pin of Applicant
  • 6 Months Bank Statements
  • Comprehensive Insurance Certificate

10. Ngao Credit

Ngao offers car logbook loans of up to 60% of the value of the car. The loan is payable within 3 months to 2 years at a rate of between 3.6% and 7.5% per month.

Other charges include:

  • NTSA Search: Ksh. 3,000
  • NTSA Logbook In-charge: Ksh. 3,675
  • Car Tracker Installation: Ksh. 4,000
  • Monthly tracker fee: Ksh. 2,000
  • Valuation: Ksh. 3,000

Documents required

  • KRA Pin
  • National ID
  • Original Logbook
  • 6 Months Bank Statements
  • Post-dated cheques for the duration of the loan


Logbook loan lenders usually charge a monthly flat rate comprising the interest rate and processing fee among other charges.

Late repayment carries a penalty charged weekly or as deemed fit by the provider. So it is worth going through the terms and conditions of the lender before committing your car as security.

It is also good to know the lender’s repossession policy in case you fail to meet the loan repayment obligation.

Disclaimer: This article is for information only and should not be taken as the final advice when committing your vehicle as security for a loan. Take due diligence, know the rates, and your ability to repay the logbook loan so that you don’t put your vehicle on the line.

Read: Berry Loan App: How to Apply for a Loan in Simple Steps