Quick Logbook Loans in Kenya
From Kenya's Most Trusted Credit Micro-Finance.

Mwananchi Credit Limited can help you get the money you need as a fast loan - without the need to sell. Motor vehicles, trucks & Lorries, tractors, excavators etc.

The amount you can borrow depends on the value of your vehicle. At Mwananchi Credit Limited you can borrow anything from 100,000 to 25 Million. When you apply one of our consultants will take your details, either online or over the phone, and provide you with a no-obligation quotation. Once we have completed the loan for you, the money will be in your account in minutes.

Before applying for a loan you should be fully aware of the risks involved and confident that you are able to make all the payments. If you are unable to repay the loan, your vehicle can be repossessed. You should also check that there are no hidden fees, such as early repayment fees, that will increase the total amount you are repaying. Find a logbook loan company that you can trust. Mwananchi Credit Limited is a fully licensed lending company and committed to ethical and responsible lending.

A logbook loan is suitable for anyone, whether they have bad credit or an impeccable credit score. It will not affect your credit rating as the loan is secured against the vehicle. All you need is a car that you own outright, without any existing finance on it.

The logbook loan is secured against your car, so if you fail to make payments your car will be at risk. If your circumstances have changed and you are in financial difficulty, get in touch to discuss a way we can assist you. We can make a more suitable and realistic payment plan to get you back on track

A logbook loan can be particularly helpful for those who are on benefits or unemployed as you do not need to have a good credit score and even a credit check to apply. However, you need to be sure that you can make the payments each week or you risk losing your car. The loan is secured against your car and it will be repossessed if you fail to make the payments. If you are already in financial difficulty and do not have a reliable income then taking out a logbook loan is not advisable.

Yes, you can use your car exactly as you normally would. You are responsible for all insurance and maintenance of the car. While the loan is secured against the car, the only difference you will notice is that you cannot sell it until the loan is repaid.

If you find yourself in financial difficulty and cannot make your weekly or monthly payments, your car will be at risk. It will not be repossessed immediately and you will receive a default notice before this happens. It is advisable to get in touch with the logbook loan lender as soon as you know your financial situation has changed or if you are having trouble making the payments.

An average logbook loan agreement will be spread out over a year. Some are longer and some are shorter. Mwananchi Credit Limited will tailor the payments to meet your requirements and unlike many logbook loan companies, they do not charge fees for early repayment or exit fees, so you can repay the loan early if you want to, which will reduce the amount of interest you pay in total.

If there is already finance on the car it will need to be cleared before the logbook loan can begin. Alternatively, if you have taken out a logbook loan with another company, you can switch to Mwananchi Credit Limited. With our 'Switch and Save' option we guarantee to save you 10% and the transition will be hassle-free and completed within 6 hours.

You can repay the loan either weekly or monthly. This will be agreed during your consultation with us. Mwananchi Credit Limited will accept Paybill option, electronic bank transfer, direct cash or cheque payment.

While a logbook loan is secured against your vehicle, it does not change your responsibilities as owner of the car, so you are still responsible for all aspects of maintaining and driving the car, such as insurance, and tax.

If you have an accident or your car is stolen you will still have to repay the loan.

By taking out a logbook loan the loan company effectively takes ownership of the car, so you cannot sell the vehicle while you still owe money to the company. If you do sell the car illegally, the loan company can repossess the car from the new owner, who can then take legal action against you. A search will show that the vehicle has finance outstanding on it and stop anyone from buying the car, so it is always advisable to carry out a search before buying a car.

Mwananchi Credit Limited does not run a credit check to assess suitability for a logbook loan, so it will not affect your credit rating. However, if you default on the loan and cannot make the payments this can result in a negative effect on your credit rating.

Once the loan agreement has been completed, either in our office or at your home or an address of your choice, Mwananchi Credit Limited will transfer the money directly to your bank account, so you will have access to the money within minutes.

You can use a logbook loan for just about anything. Some people choose to use it for house refurbishments, or a luxury holiday or even a wedding. It gives you a little financial flexibility, allowing you to spend money on something you really want or need. For more ideas on how a logbook loan could help you, see our News page. Mwananchi Credit Limited is committed to responsible lending, encouraging people to apply only if they are confident they can make the payments each week or month without suffering from financial difficulty as a result. See our lending policy for more details.

At Mwananchi Credit Limited our focus is on a positive customer experience. That is why we offer a best rate promise and will beat another lender's price by a significant margin. We also offer a Switch and Save policy, allowing you to switch over to us, saving you a lot with a swift and hassle-free transition. While some lenders will penalise customers by charging unnecessary fees, we make a point of not charging admin fees, exit fees or repayment fees.