About Logbook Loan
This loan product is available to individuals, registered businesses or companies running small and medium business. The facility is granted to fund business expansion, bridging finance and working capital needs of the Borrower. The facility amount is pegged on the discounted value of the collateral offered and is repaid through equated monthly instalments.
Key Features
Registration fee: KES 1,000
Commitment Fees: 5%
Credit Life insurance: 0.083% per month
Collateral-based financing
Business expansion support
Flexible repayment terms
Requirements
Valid vehicle logbook
Proof of income
Valid identification documents
Business registration (for businesses)
Insurance coverage
