Logbook Loan
Our logbook loans can be used for any purpose and are ideal for people looking to expand their business or sort out financial emergencies
A logbook loan is a type of loan that is secured against a vehicle and is used as collateral. Our logbook loans can be used for any purpose and are ideal for people looking to expand their business or sort out financial emergencies.
Requirements
Terms
- KRA pin
- Passport photo
- A Copy of the original ID
- Original logbook(strictly should bear the name of the borrower)
- Certified 6 month bank statement & M-PESA Statements
- Comprehensive insurance sticker ID
- The loan is based on the collateral provided.
- Maximum loan repayment period of 12 months.
- Minimum loan repayment period of 1 month.
- Postdated cheques
- Valuation Report (Process facilitated by the company)
- Car tracker (Provided by the company)
- An upfront payment fee of KES 10,000 (Valuation, Tracking, NTSA process-search, incharge, and discharge)
We offer logbook loans of up to 60% of your car’s value which enables you to get instant cash within 2 hours at competitive rates. A logbook loan is preferred to other secured loans, as it allows you to keep using your vehicle until you repay the loan.
- Interest starts from 5% P.M.
- Processing fees of 3% on the principle
Contact
-
Spur Mall 2nd Floor S33
Thika Superhighway, Exit 12/13 - 0720385700
- info@biznetcapital.com
Application Form & Brochures
Download Our Loan Application Form And Brochure
