The Best Logbook Loans in Kenya


To get a logbook loan, you should produce your original logbook to serve as a security document during the transaction. Also, you need to provide the vehicle’s or motorbike’s valuation report and Ksh 4,000 to kick off the process. Besides, the lender may ask for a personal 6 months bank account statement. Apart from logbook loans, you can consider online loan apps for small facilities.

According to many logbook loan providers, one can get a loan as low as Ksh. 15,000 to as high as Ksh. 5 million. Also, you can get the loan within 24 hours after approval. Some lenders are also issuing motorbike logbook loans to help bodaboda riders build their businesses.

Logbook Loan Providers in Kenya

Logbook loan provider Requirement   Contact Location
Ngao Credit
  • Original logbook
  • Original ID and PIN
  • Latest six months bank statement
  • Comprehensive insurance
  • Valuation fee of Ksh 4,000 Post-dates cheque

0709 650000

  • Nairobi
  • Mombasa
  • Nakuru
  • Kitengela
  • Eldoret  
Jijenge Credit
  • 2 copies of the original ID
  • Recent passport-sized photo
  • Original vehicle logbook
  • Sales agreement
  • Copy of KRA Pin
  • Valid comprehensive insurance cover



0703 282727

  • Nairobi
Mwananchi Credit
  • Original car or motorbike logbook
  • Applicant KRA PIN
  • Original national ID
  • 6 months bank statement
  • Comprehensive insurance cover
  • Two passport-sized photos

0709 147000

  • Nairobi
  • Kitengela
  • Kisumu
  • Thika
  • Eldoret
  • Mombasa  
Fin Credit Limited
  • Copy of ID or valid passport for non-Kenyan citizen
  • Copy of PIN
  • Utility bill copy
  • 3 months certifies payslips
  • 6 months bank statement
  • Signed chattels mortgage document

+254 20 3861673-5

  • Nairobi
Meridian Acceptance Limited  
  • Original logbook
  • Personal ID or passport
  • Proof of income
  • Vehicle age from the year 2000

0704 444888

0707 787787

  • Nairobi
Africa Credit Limited
  • 6 months personal or business bank statement
  • National ID or Passport copy
  • PIN certificate
  • Utility bill
  • Original logbook and copy Car valuation report and a photo
  • Nairobi
Wezesha Credit Limited
  • Address proof
  • Kenyan ID
  • 6 months financial statement
  • Original vehicle logbook
0796 580580
  • Nairobi
KCB Bank
  • 3 months KCB account
  • Original logbook
  • Valid Kenyan Id or passport
  • Latest original payslips


0732 187000

0720 287000

  • Nairobi
  • Logbook in your name
  • Personal ID or passport
  • Income proof

0768 469112

  • Nairobi
  • Mombasa
  • Eldoret
  • Kisumu
Bidii Credit Limited
  • Proper working vehicle under your name
  • Employed for more than 2 years
  • Latest utility bill
  • Clean credit history
  • Motor vehicle logbook and valuation

0709 840000

  • Nairobi

List of Car & Motorbike Logbook Loans in Kenya

1. Ngao Credit 

Ngao credit is a non-deposit-taking microfinance institution that offers financial services. It offers logbook loans up to 60% of the value of your vehicle. To access the loan, you need to provide

  • the vehicle’s original logbook
  • your original ID
  • last six months’ bank statement
  • comprehensive insurance
  • Ksh. 4,000 for the valuation of your vehicle

It takes about 6 hours for Ngao Credit to process your loan.

2. Jijenge Credit

Jijenge Credit offers quick logbook loans for successful applicants. Within 24 hours, the company disburses the amount through Mpesa, cheque, or bank account. The lender gives you 1 to 12 months to repay your loan. The minimum amount you can borrow is Ksh. 50,000, while the maximum is Ksh. 10,000,000.

To qualify for the loan, you need to provide:

  • two copies of your original ID
  • KRA Pin
  • vehicle’s logbook
  • passport photo
  • vehicle insurance cover
  • the motor valuation report
  • sales agreement

3. Mwananchi Credit Limited    

Mwananchi Credit is a leading car and motorbike logbook loans provider in Kenya. The lender processes your logbook loan within 6 hours after a successful application. You can access a logbook loan, whether you have a private, commercial, or passenger vehicle.

Besides, you can get up to 80% of your motor’s value. The logbook loan provider gives you 1 to 24 months to repay your loan. At Mwananchi Credit, you can access a loan between Ksh. 150,000 to Ksh. 20,000,000 depending on your vehicle’s market value.

4. Fin Credit Limited

Fin Credit allows you to offer your car as a security for a loan. The lender gives you up to 12 months to repay your loan. You get up to 50% of your vehicle’s value. Besides, the company allows you to continue using your car while enjoying the loan.

You can apply as an individual or group as long as you have a vehicle. For individual applications, you should provide:

  • a copy of your ID
  • utility bill
  • 3 months certified payslips
  • 6 months approved bank statement
  • signed chattels mortgage document
  • a report of your vehicle valuation

5. Meridian Acceptances Limited

Meridian is a finance company that allows you to get a logbook loan as you continue to drive your vehicle. You can get a loan worth 60% of the value of your motor. Also, the Meridian processes it within 6 hours after application.

The cheap logbook loans from Meridian Acceptance ranges between Ksh. 150,000 to Ksh. 5,000,000. You pay back the loan in installments depending on the repayment period you choose. Finally, your vehicle must be from 2000 to recent models to access a logbook loan.

6. Africa Credit Limited

At Africa Credit Limited, you can enjoy a logbook loan of up to Ksh. 500,000 within 24 hours. You need to provide:

  • 6 months’ personal or business bank statement
  • a copy of your PIN certificate
  • the vehicle’s records with KRA

The logbook loan providers require you to fill out a loan application form that you submit for approval. You can visit their offices in Nairobi to inquire more about logbook loans.

7. Wezesha Credit Limited

The company provides quick logbook loans processed within 5 hours. Besides, Wezesha accepts most vehicles older than ten years. To successfully apply for a loan, you need to provide:

  • proof of address
  • the original vehicle logbook
  • passport-sized photo
  • financial statement for the last 6 months
  • a copy of your KRA PIN

Enjoy a logbook loan from Wezesha as you continue to drive your car.

8. KCB Logbook Loans

KCB is one of the best banks in Kenya that offers people logbook loans. The bank gives you a flexible repayment period of up to 72 months. To qualify for the loan, you need to:

  • have an active KCB account for a minimum of 3 months
  • vehicle’s logbook as security
  • valid Kenyan ID or passport
  • latest original payslips
  • proof of your source of income

The logbook loan provider charges an interest of 13%.

9. Mogo

Mogo logbook loan requirements are flexible. The company gives you a loan of up to 80% of your car’s value. The company also offers motorbike logbook loans in Kenya at friendly rates.

You are given a repayment period of up to 5 years. Also, when you apply for a loan, you access it within the next 24 hours.

The logbook loan provider offers loans from Ksh. 100,000 to Ksh. 1,500,000. You don’t have to worry if you want a logbook loan in Mombasa; Mogo has got your back. With a car or motorbike of any make or age, Mogo can lend you.

10. Bidii Credit

It is a logbook loan provider in Nairobi. Bidii offers you a loan of up to 60% of your car’s value. You must have operated a licensed or registered business for more than two years to qualify for the loan. Also, if you have been employed for more than two years, you can get a loan.

You need to provide your vehicle’s logbook and a valuation report to the company. Access a logbook loan in Thika through Bidii Credit to pay your child’s school fees or expand your business.

Car & Motorbike Logbook Loans in Kenya FAQs

Q: What is a logbook loan?

A: It is a form of secured loan. When you apply for a logbook loan, the lender uses your car’s or motorbike’s logbook as security. In case you default on payments, the lender sells your vehicle to recover the debt. This means that lenders determine how much they can lend and the repayment period.

Q: What is a logbook?

A: A car or motorbike logbook is an official document issued by the NTSA. It contains different information about your vehicle, such as:

  • the registration number of the car or motorbike
  • make and model of the car or motorbike
  • brand and color of the car or motorbike

Q: What are the advantages of getting a logbook loan?

A: When applying for a logbook loan, you can get money quickly. If approved, you can access the loan within 24 hours. Additionally, you only pay back the loan and do not incur additional charges that go with other types of loans like interest or late payment penalties.

Q: What are the disadvantages of a logbook loan?

A: The biggest drawback is that if you default on payments of a logbook loan, the lender can repossess your car or motorbike. This means that you lose your investment and get no money at all.

Q: How much can I borrow?

A: The lender determines how much they can lend you based on the value of your car or motorbike. Most logbook loan providers give 40-70% of the value of your collateral, i.e. vehicle or motorbike. The minimum amount you can borrow is around Ksh. 50,000, while some lenders offer maximums of up to Ksh. 10 million.

Q: What is the interest rate of logbook loans in Kenya?

A: For personal loans, interest rates range from 18-25% per annum. However, there are other charges that you may incur in processing the loan. These costs include insurance, registration, valuation, and other legal fees.

Q: What is the repayment period?

A: The total term of a logbook loan in Kenya is between 6 months and 5 years. Additionally, you can repay or refinance your loan before it expires or at any time. Logbook loan providers will charge an early repayment penalty.

Q: Do I need collateral to apply for a logbook loan?

A: Yes, you need to have a car or motorbike as collateral.

Q: Do I have to be employed for a logbook loan?

A: No, the loans are available to everyone. However, if you default on repayments, the lender may ask your employer for outstanding loan installments through deductions from your salary.

Q: What is a valuation report?

A: A vehicle or motorbike valuation report describes the current state of your car’s or motorbike’s condition. It also details how much your asset is worth at present. The lender will use this information to determine how much they can lend you and come up with a repayment plan that works for you.

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