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This is a loan against ones personal/ private motor vehicle.
Customers can borrow up to 60% of the value of the car between Ksh, 100,000 and Ksh. 5,000,000. Loan limit will be based on the make and value of the car as well as year of manufacture.
The loan processing time is 6 hours or less at 3.5% per month with a repayment period of 24 months.
One can borrow up to 60% of the value of the vehicle with a minimum amount of Ksh. 100,000 and a maximum of Ksh. 5,000,000.
A Kenyan citizen with a legal source of income and a registered logbook .
Yes. The minimum age of the car is between 2004 and 2006.
Processing fees and chattels fees, which are deducted from the loan. Monthly tracking charges are capitalized as part of the loan.
There is a flexible repayment period of up to 24 months.
This is a type of Logbook loan. It’s a top up that is borrowed and disbursed via the mobile phone (M-Pesa) for existing or active clients, who can acess the funds anytime, anywhere.
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