List of Logbook Loan Providers in Kenya in 2021

In this section, I will show you where to get logbook loans in Kenya and how to apply for one.

A logbook loan as the name suggests is a form of loan where the borrower gives their car as collateral.

In this case, the borrower will still have the car and use it as they 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 are in dire need of emergency money and you have a car.

How does a logbook loan work?

This happens to be the most convenient way of getting quick money especially if you own a car and you need the money more or less worth your car.

When you take out a logbook loan, you hand over your registration documents or vehicle logbook to the lender until your loan is repaid.

Using a logbook loan you:

  • Can choose to borrow between 6 months and 5 years
  • Have to pay interest
  • Can spend the money on anything you like (not just buying a vehicle)

Summary: Logbook Loans Providers in Kenya

  • Fintech Credit
  • Ngao Credit
  • Platinum credit
  • Jijenge credit
  • Mwananchi credit limited
  • Africa Credit
  • Bridge Water Capital
  • Momentum Credit
  • Galpo Capital
  • Mogo credit
  • Samchi Credit

Where Can I get a Logbook loan in Kenya?

Here are places you can get a logbook loan in Kenya:

1. FinCredit

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 as well as payslips for both 6 months and 3 months respectively.

2. Ngao Credit

Ngao Credit gives you up to 50 percent of the value of your car in less than 24 hrs to repay within a period of up to 20 months.

Unlike other creditors, you can borrow up to Kes 3million depending on the value of your car.


  • Original logbook
  • Original national ID & PIN
  •  Latest 6 months bank statements
  •  Post-dated cheque(s)
  •  Comprehensive insurance

3. Platinum Credit Logbook Loans

Platinum credit comes in second as a top logbook loan provider in Kenya. Moreover, Platinum credit has been around for a while now offering the best to the customers. AtPlatinum Credit, all loans including the logbook loan are subjected to a loan appraisal process.

Once a loan has been approved the loan will be disbursed within 24 hours, either Via Mpesa, cheque or to a bank account.

Requirements to access this loan

  • Copy of KRA Pin.
  • One recent color passport-sized photographs
  • Original Vehicle Logbook
  • Clear copy of the original ID.
  • Certified Bank statements for the last six months
  • Valid Comprehensive Insurance cover.
  • Certificate of Incorporation/registration for business owners
  • Personal checkbook.
  • Latest 3 months payslips and Contract letter for Salaried Employees

Features of Platinum credit Logbook loan

  • Available within 24 hours of requesting for the loan
  • One can borrow a minimum of KES 50,000 and a maximum of KES 2,000,000
  • The repayment period is up to 12 months

For more information, feel free to reach out to Platinum credit through this number – 0709 900 000 or 0730 900 000

4. Jijenge Credit

Jijenge credit is another place whereby one can secure a genuine logbook loan in Kenya. With Jijenge credit, there is less hassle in securing your loan.

The loan product is designed for Jijenge Credit clients to enable them to access quick logbook loans especially to those who own motor vehicles.

A client is eligible for up to  60%  of the car market value.


  • Must have an original & 2 copies of the logbook
  • 2 colored passport size photos
  • Last 1-month bank & Mpesa statements certified
  • Original & 2 copies of National ID.
  • 2 copies of the KRA pin certificate
  • Valid Comprehensive Insurance certificate.
  • Certificate of Incorporation / registration. (For Business owners only)
  • Personal checkbook.
  • Latest 1-month payslip and employment letter for Salaried Employees

Features of Jijenge credit Logbook loan

  • This loan can be accessed in under an hour
  • All application is done online, just fill the form, click submit and wait for them to respond
  • Easy repayment
  • Quick approval – done under an hour
  • No guarantors are required to access this logbook loan

5. Mwananchi Credit Limited

Mwananchi credit limited is an incorporated private company that is one of the most popular logbook loans in Kenya provider.

The facility is secured using your cars’ logbook of up to KSH. 20 million.

Individual who qualifies for the loan product must have a car, van, or motorcycle which will act as collateral.

The loan is then available in less than 24hrs which is more convenient to a client who is in dire need of quick money.

Features of the logbook loan by Mwanachi Credit

  • The maximum processing time of this loan is 6 hours
  • If the loan is for six months, it attracts a compound interest rate of 6%
  • Up to 50% financing(forced sale value of the car)
  • If the loan is for a year(12 months), the interest rate is at 6% on reducing the balance
  • Moreover, Mwananchi credit charges a 5% processing fee and a 1% insurance fee of the loan amount.
  • One has to pay upfront a valuation fee of KES 4,000.
  • Other costs that one has to incur include CRB check – KES 300, application form – KES 300, tracking fee – KES 7,500, and transfer fee – KES 2,500.

Requirements to access this loan

  • The first thing to present of course should be your original logbook
  • KRA Pin of Applicant
  • A national ID of Applicant
  • 2 Passport Photos
  • 6 Months Bank Statements
  • Comprehensive Insurance Certificate

6. Africa Credit Limited

Africa Credit is a micro-finance company that offers loans serviced by motor vehicle logbooks.

7. Bridgewater Capital

With Bridge Water, you can request up to 1million logbook loans.

Once you qualify for the loan you will receive it in 24 to 48 hours. For you to be eligible for a loan, your vehicle should be at least up to 10 years old.


  • Must be a Kenyan Citizen
  • Be in a position to show you can afford to pay the loan. This may mean you have a running business or are employed.
  • Must own a vehicle that is free of finance and insured

8. Momentum Credit Logbook Loans

In addition to all the places listed above, Momentum credit offers the best logbook loans in Kenya. One can unlock up to 50% of the market value of their car within 24 hours of application.

At Momentum Credit a client is eligible for up to KES 5,000,000 to receive it within 24 hours.

The institution lends you up to 50% of the value of your car.


  • Must have 3 months payslip for the employed clients
  • You need 6 months of active bank account
  • Must have an original logbook
  • Copy of National ID
  • Copy of KRA Pin
  • Proof of Residence
  • One Passport Photo
  • Proof of Comprehensive Insurance

9. Galpo Capital

At Galpo Capital they arrange same day loans in exchange for the registration document, while you keep the use of your vehicle.

We finance 50% of the logbook value from a minimum of Ksh.50, 000.

 10. Mogo Credit

Mogo credit promises to offer you a top logbook car loan in Kenya in under 24 hours. Just like Jijenge credit, Mogo Credit requires minimum documentation from the customer to process their request.

Feature of the loan

  • One must own a car. If they do, you can access a loan of up to 80% market value of the car
  • Showing proof of income is also mandatory in addition to providing copies of ID, KRA Pin as well as a logbook
  • The loan repayment period is up to a maximum of 60 months – hence giving you ample time to repay it.
  • Please visit mogo to apply.

11. Samchi Credit

Samchi Credit is another top provider of top logbook loans in Kenya. Here are the features of the Samchi credit logbook loan.

  • Access a loan amount of up to 50% value of the car if it’s below 8 years. If the car is above 8 years, one can access up to 30% of its market value.
  • One is required to present a valuation certificate
  • Moreover, one should pay an upfront membership fee of KES 1,500
  • Other fees to be incurred include chattel cost KES 4,500 and processing fee of KES 5,500.