VEHICLE LOGBOOK LOANS

Vehicle LogBook Loan

Loan size:

KES 50,000 - KES 2,500,000

Maximum term:

12 Months

Fees payable upfront by the client:

Valuation Fee KES 3,000 , NTSA Search KES 550

Min Security(Collateral required):

Loan value to not exceed 50% of forced value of vehicle.

Documents required (Salaried):

Personal salary bank statements for the last 3 months

Pay slips for the last 3 months

Copy of your employment contract or job ID

Two passport photos

Copy of your national ID or passport

Copy of the PIN of the registered owner of the car

Copy of the car record with Kenya Revenue Authority

A current utility bill as proof of residence

The original car logbook

Motor vehicle valuation & photograph

Two blank but signed motor vehicle ownership transfer forms

Chattel Form - filled signed and submitted to company lawyer

Documents to show proof of car comprehensive insurance

View of motor vehicle is required

Documents required (Self Employed):

Personal or business bank statement for the last 6 months

Copy of your employment contract or job ID

Two passport photos

Copy of your national ID or passport

Copy of the PIN of the registered owner of the car

Copy of the car record with Kenya Revenue Authority

A current utility bill as proof of residence

The original car logbook

Motor vehicle valuation & photograph

Two blank but signed motor vehicle ownership transfer forms

Chattel form - filled signed and submitted to company lawyer

Documents to show proof of car comprehensive insurance

View of motor vehicle is required

Credit bureau check:

CRB Rating not less than 450