Guide to Logbook Loans in Kenya


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This article will show you where to get logbook loans in Kenya and how to apply for one.

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

In this case, 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.

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 vehicle.

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:

  • You can choose to borrow between 6 months and five years

  • Have to pay interest

  • You can spend the money on anything you like (not just buying a vehicle)

Where Can I get a Logbook loan in Kenya?

Here are places you can get logbook loans in Kenya:

1. FinCredit

At FinCredit, you must give your car security by pledging it for 12 months. However, you can use the car as you enjoy the loan.

Once your car has been evaluated, you are eligible for 50 percent of the value of your car.


  • Copy of PIN
  • Copy of Utility Bill
  • Certified Payslips (3 months)
  • Certified Bank Statements (6 mths)
  • Signed chattels mortgage document

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 3 million, depending on the value of your car.


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

3. Platinum Credit

All loans, including the logbook loan, are subjected to a loan appraisal process at Platinum Credit.

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


  • 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 three months’ payslips and Contract letter for Salaried Employees

4. Jijenge Credit

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

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


  • Must have an original & 2 copies of the logbook
  • Two colored passport-size photos
  • Last 1-month, bank & Mpesa statements certified
  • Original & 2 copies of National ID.
  • Two 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

5. Mwananchi Credit Limited

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

Individuals who qualify for the loan product must have a car, van, or motorcycle that will act as collateral.

The loan is then available in less than 24hrs which is more convenient for a client who needs quick money.


  • Original Logbook
  • KRA Pin of Applicant
  • A national ID of the Applicant
  • 2 Passport Photos
  • 6 Month’s 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 a 1 million logbook loan.

Once you qualify for the loan, you will receive it in 24 to 48 hours. To be eligible for a loan, your vehicle should be 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

At Momentum Credit, a client can receive up to KES 5,000,000 within 24 hours.

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


  • Must have three months payslip for the employed clients
  • You need six months 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 using your vehicle.

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

Vivian Munga
Vivian Munga
Hi, Vivian here. I am a professional banker and personal trainer on personal finance matters. You will find some of my work on personal loans in this blog on personal loans, and feel free to email me if you have a question. Enjoy your stay here.

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