Logbook Loans in Kenya

Online application

Absa Kenya lets you borrow up to 80% of your car’s value, using your logbook as security, and you’ve got up to 5 years to clear the loan. Interest starts from around 1.5% per month on a reducing balance, and you still get to use your car as usual.

Advantages

You can unlock big money without selling your car—up to 80% of what it’s worth.
Repayment terms are generous—up to 60 months means smaller, manageable instalments.
The starting interest is lower than what most shylocks or fast lenders charge.
Absa also finances your car insurance 100%, which means less stress upfront.
You don’t lose your car—they just hold the logbook while you drive.

Disadvantages

That 1.5% monthly rate still adds up over time if you stretch the loan too long.
If your car’s valuation is low, your loan limit might disappoint.
No car, no loan—so it’s not for everyone.

I’d say this is one of the more balanced logbook loans in the market—fair on the rates, big on flexibility, and backed by a trusted bank.

Online application

Equity Bank offers logbook loans that can cover up to the full value of your vehicle, with repayment periods of up to five years. Interest is pegged to the bank’s base rate (EBRR), plus a small margin—meaning rates generally fall between 13% and 20% per year depending on your profile.

Advantages

You can get 100% financing based on your car or business asset—no need for top-up cash.
The five-year repayment plan gives you room to breathe, especially for long-term projects.
If your salary comes through Equity, it’s easier to qualify and repayments are deducted automatically.
They’ve integrated everything into their mobile and online banking—you can track or repay from your phone.
Once your paperwork checks out, approvals tend to move pretty fast.

Disadvantages

The interest might look fair on paper, but when you add up 13%–20% yearly, it’s not cheap.
There’s a lot of paperwork—logbook, valuation, payslips, PIN certificate, and more.
If you don’t own a car or any asset to secure the loan, this one won’t work for you.

Equity’s logbook loan makes solid sense for people with regular income and a car—they offer good limits and time to repay, but don’t walk in blind to the total cost.

Online application

Co-op Bank offers asset finance loans that cover up to 80% of your car’s or equipment’s value, with repayment terms running as long as 6 years. The loan includes built-in insurance support and is structured so that your asset remains in use while serving as security.

Advantages

You get access to serious capital—up to 80% of your asset’s worth—without needing to sell anything.
The 72-month repayment plan spreads your costs and gives your business time to grow.
You can take the loan in either Kenya Shillings or US Dollars, depending on your business needs.
Co-op helps you sort out your insurance upfront and reminds you when it’s due—so you stay covered.
The asset you’re buying is the collateral—no need to touch your land or house.

Disadvantages

The process isn’t instant—there’s paperwork involved: invoices, valuations, statements, the works.
Interest and fees depend on what you’re financing—terms may shift if it’s a car, a fridge, or farm gear.
You’ll need to deal with branch staff—not the kind of loan you sort over lunch via an app.

For people looking to expand their hustle or business using a car or key equipment, Co-op Bank’s asset finance offers muscle and structure—as long as you’re ready to go through the full process.

Online application

Stanbic Bank Kenya offers logbook loans starting from Ksh 150,000, with flexible repayment terms of up to 6 years. Borrowers pay interest between 1.7% and 2.3% monthly on a reducing balance, and the loan comes bundled with insurance support to keep your vehicle protected.

Advantages

You can borrow from as low as Ksh 150K—great for small businesses and individual hustles.
Up to 72 months to repay means you can space out your instalments without choking your cash flow.
Interest is on reducing balance, so you don’t keep paying the same amount even as the loan drops.
They finance your car insurance too, and even send reminders before expiry—no risk of cover lapsing.
Your car stays with you—you use it, they just hold the logbook.

Disadvantages

That interest builds up over the years—stretch the loan too long and it’ll cost more than you expected.
The paperwork is not light—you’ll need your logbook, valuation, insurance, ID, and bank statements.
No quick app or mobile approvals—this is a proper bank process, not an instant loan.

For someone looking to raise serious cash while keeping their car on the road, Stanbic’s logbook loan gives you room to grow—but you’ve got to go in prepared and read the fine print.

Online application

NCBA Bank gives you access to a logbook loan of up to 50% of your car’s value, and you can choose to repay it monthly or seasonally depending on how your income flows. Approval can take as little as 12 hours, with loan terms stretching between 3 and 60 months.

Advantages

You can unlock quick cash from your car without giving it up—just hand in the logbook.
Repayments are flexible—whether you earn monthly or in bursts, they’ll work with your schedule.
The process moves fast—some clients report getting approval in under a day.
Your vehicle stays on the road, which means it keeps working for you.
It’s a clean way to raise funds without touching your salary or savings.

Disadvantages

You only get 50% of the car’s value—great for speed, not so much for size.
If your logbook isn’t clean or you’ve got loans tied to the car already, you might hit a wall.
There are extra charges—valuation, processing fees—that can push up the total cost.

For a car owner looking to plug a short-term cash gap without derailing their lifestyle, NCBA’s logbook loan is a sharp, structured option that works—if you’re realistic about the limits.

Online application

KCB Bank Kenya gives borrowers access to logbook loans starting from Ksh 100,000, with repayment terms of up to 36 months. Interest rates fall between 2% and 3% per month on a reducing balance, and you still get to use your car while they hold the logbook.

Advantages

You don’t need millions to qualify—you can start from just Ksh 100K.
Three years to repay gives you some room to breathe and manage your business or household budget.
Interest reduces as you pay down the loan, so you’re not stuck paying the same amount every month.
Approval doesn’t take forever—most clients hear back in about 48 hours.
Your car stays with you—only the logbook goes to the bank.

Disadvantages

The interest can climb quickly—at 3% a month, it adds up if you’re not repaying fast.
The loan term is capped at 36 months, which might feel tight for larger borrowing.
Be ready with all the paperwork—valuation, insurance, logbook, bank statements—the whole kit.

This is a solid option for someone who needs to unlock quick cash from their car without jumping through too many hoops—but it only works if you stay disciplined on repayments.

Online application

KCB HF Group offers logbook loans starting from Ksh 100,000, with a repayment period of up to 48 months. The car must be less than 15 years old and free of any existing loans or charges—once approved, you keep using the car while they hold the logbook.

Advantages

You can unlock money from your car without selling it—just hand in the logbook.
A 4-year repayment window gives you space to plan your finances without pressure.
Vehicles up to 15 years old are accepted, which covers a wide range of common models on Kenyan roads.
The loan process is fairly straightforward if your logbook is clean.
No salary tie-downs—just your car as security, which keeps it simple for business people and self-employed folks.

Disadvantages

The bank doesn’t publish interest rates or extra fees, so you’ll need to ask in person and go through the breakdown.
If your car already has a loan on it, you’re locked out—you need a clean logbook.
Everything happens in-branch—there’s no app-based shortcut for this one.

I see this loan as a practical way to raise cash if you’ve got a car sitting idle or underused, but the devil is in the rates—ask, calculate, and negotiate before you sign.

Online application

Family Bank offers logbook loans starting from Ksh 100,000 with repayment periods of up to 48 months. They accept vehicles under 12 years old and process approvals within 48 hours, while also covering insurance premiums as part of the loan package.

Advantages

You get feedback fast—within two working days, you’ll know where you stand.
A four-year repayment window gives you space to manage your finances without pressure.
The car age limit is fair—most used vehicles in Kenya fall within the 12-year range.
They sort out your insurance upfront, so you stay covered without digging deeper into your pocket.
You keep your car during the loan—you drive, they hold the logbook.

Disadvantages

They don’t list the interest rate publicly—you’ll need to ask and get everything broken down at the branch.
Your car must be in good shape, fully owned, and have a clean logbook—no outstanding loans.
The loan process isn’t digital—you’ll need to visit a branch and go through the paperwork in person.

For someone with a solid car and clear papers, Family Bank’s logbook loan gives you breathing room and decent timelines—but walk in with questions and leave with the numbers.

Online application

Sidian Bank offers logbook loans of up to Ksh 5 million, with borrowers required to raise a 20% deposit and the bank topping up the rest—up to 95% of the car’s value. Repayment runs for up to 24 months, and while interest is risk-based, most clients see rates around 13% per year, with additional setup and renewal fees.

Advantages

You get up to 95% of your car’s value, meaning minimal capital is needed to unlock serious financing.
Decisions are made quickly—SMEs report turnarounds in just a few days.
You still use your car or asset as usual—they hold the logbook, not the vehicle.
Repayments are flexible—you can go weekly or monthly depending on how your cash flows.
Insurance is sorted and structured into the deal, so you’re not left exposed.

Disadvantages

The 20% upfront deposit can be tough to raise if your cash is already stretched.
The loan runs for a maximum of two years—shorter than many other lenders offering 3–5 years.
Additional fees—3% facility fee plus 1.5% annual renewal—can quietly raise your total cost.

Sidian’s logbook loan makes sense for business owners who want to move quickly and don’t mind paying a bit more for that speed and access.

Online application

Rafiki Microfinance Bank gives borrowers access to up to 60% of their car’s market value through a logbook loan, with disbursement often done within 24 hours. Repayment runs for up to 36 months, and the monthly interest sits around 3%, calculated on a reducing balance.

Advantages

Turnaround is quick—some clients walk out with cash on the same day.
You keep your car while repaying, which is a big plus for business owners using their vehicle daily.
Loans go up to 60% of the car’s value—not the highest in town, but enough to plug serious gaps.
A 3-year repayment window gives you enough time to stretch payments without choking.
Requirements are clear—valid ID, clean logbook, six months of bank or M-Pesa statements, and a KRA PIN.

Disadvantages

That 3% monthly interest adds up—don’t be fooled by the short-term feel, it bites over time.
Vehicles with loans or encumbrances won’t be accepted—your logbook must be clean.
The paperwork has to be complete—no shortcuts or soft approvals if documents are missing.

Rafiki’s logbook loan works well for someone who values speed and doesn’t mind paying a bit more for fast, no-nonsense access to cash using their car.

Online application

Mwananchi Credit dishes out logbook loans from as little as Ksh 50,000 all the way up to Ksh 25 million, with money hitting your account in under six hours. Repayment runs between 3 and 48 months, and the all-in annual interest hovers around 20%, clearly structured without hidden fees.

Advantages

You don’t wait—loan approvals and disbursements often happen the same day.
The loan size fits everyone—from boda riders to fleet owners, as long as the car’s clean and insured.
Interest is flat and upfront—you know exactly what you’re paying from the start.
They don’t stress about your CRB status—it’s the asset that talks.
You keep driving your car as usual—they just keep the logbook until you’re done repaying.

Disadvantages

Flat interest looks simple, but over time it can cost you more than a reducing-balance loan.
Your vehicle must be fully owned and insured—no logbook, no loan.
The 4-year repayment cap might feel short for someone handling a larger amount.

I like Mwananchi Credit’s speed and flexibility, but you’ve got to do the maths and be sure you’re not paying more just for the convenience.

Online application

Platinum Credit offers logbook loans of up to Ksh 2 million, processed within 24 hours once your paperwork checks out. You keep driving your car while they hold the logbook, and repayments are structured to match your income flow.

Advantages

The cash hits your account fast—most clients say within a day.
Borrowing limits are solid—up to 2 million depending on the value of your car.
The paperwork is light—you only need your logbook, ID, passport photo, and a few months of bank statements.
You can apply straight from your phone using *619# or visit a nearby branch.
You don’t lose your car—they just hold the logbook while you handle business.

Disadvantages

The interest rate isn’t published—you’ll need to get that info from the agent before making a call.
Loans cap at 2M—so if you’re chasing big capital, you may need to look elsewhere.
If your logbook isn’t clean or your car’s under finance, you’ll likely be locked out.

For car owners who value speed and don’t want to get bogged down with red tape, Platinum Credit gets the job done—but always ask for a breakdown of the full cost before you commit.

Online application

Momentum Credit gives car owners access to loans of up to Ksh 3 million using a logbook as security, with disbursement happening in less than 24 hours. Repayment is spread across 24 months, and you still keep driving your vehicle as the logbook stays with them.

Advantages

Approval takes minutes and the money lands fast—some clients report same-day disbursement.
Loan size is generous—Ksh 3 million is more than enough for most business needs.
The process is clean—no long queues or hidden charges buried in the paperwork.
You can apply from the app, via USSD, or walk into one of their 19 branches.
They hold the logbook, not the car—so your business doesn’t stop while the loan runs.

Disadvantages

Interest rates aren’t published publicly—you’ll need to ask before signing anything.
The repayment window is capped at 24 months, which may feel tight for some.
You must own the car outright—no logbook, no deal.

Momentum Credit nails it on speed and convenience, but I’d advise anyone borrowing to get the full cost breakdown upfront and do the maths before jumping in.

Online application

Ngao Credit offers logbook loans starting from Ksh 100,000 and going up to Ksh 4 million, with disbursement often done in under six hours. You can borrow up to 60% of your car’s value and repay it over a period of up to 24 months, at a fixed monthly interest of about 3.5%.

Advantages

Turnaround is lightning-fast—most borrowers get their cash on the same day they apply.
You can raise serious capital using your car without selling it or transferring ownership.
The flat monthly rate helps you know exactly what you’ll pay every month—no surprises.
You don’t need to worry about your CRB status—they focus on the value of your car, not your past.
Branches are spread across the country—Nairobi, Mombasa, Nakuru, Eldoret, Kisumu, and more—making access easy.

Disadvantages

That 3.5% flat monthly interest can quietly pile up, especially if you take the full term.
The loan is tied strictly to your car—you’ll need a clean logbook, valid insurance, and no outstanding charges.
The paperwork isn’t light—you’ll need your ID, KRA PIN, and at least six months’ bank or M-PESA statements.

Ngao Credit’s logbook loan gets points for speed and flexibility, but anyone going for it needs to go in with their numbers right and eyes wide open on the cost.

Online application

Izwe Kenya offers logbook loans ranging from Ksh 50,000 to Ksh 5 million, with disbursement often done within a day. You repay the loan over 6 to 18 months at a flat interest rate between 3.5% and 4.5% monthly, plus a one-time processing fee of 4%.

Advantages

You get your money fast—some clients say they’re sorted within 24 hours.
The loan covers up to 75% of your car’s value, giving you solid borrowing power.
Repayment is short and sharp—cleared in as little as half a year or stretched to 18 months.
The flat rate makes it easy to track your monthly costs—no surprises.
They’re upfront with fees, so you know what you’re paying before you sign anything.

Disadvantages

Flat interest adds up—if you’re not careful, the total cost could be heavier than you expect.
The paperwork isn’t light—you’ll need everything from your logbook to post-dated cheques and recent bank statements.
The short repayment term might squeeze your cashflow if you’re not planning well.

Izwe’s logbook loan works best for car owners who need quick, no-drama funding—but the short terms and higher flat rates mean it’s best treated like a sprint, not a marathon.

Online application

Jijenge Credit gives you access to between Ksh 50,000 and Ksh 10 million through a logbook loan, and in most cases, the cash hits your account in under six hours. Repayment runs from 1 to 24 months, and if you’ve got more than one vehicle, you can stack them to borrow a bigger amount.

Advantages

The process is quick—clients say they’re approved and paid within the same day.
You can borrow serious money—up to Ksh 10 million, depending on your car’s value.
You’re allowed to secure the loan with more than one vehicle if you want to unlock a higher amount.
The two-year max term helps you clear the loan without stretching too far.
They accept even hybrid or electric vehicles, which is rare in the market.

Disadvantages

They don’t publish their interest rates—so you need to ask clearly and get everything in writing before committing.
You’ll need a full set of documents: logbook, ID, PIN, insurance, and recent statements from your bank or M-PESA.
The 24-month limit might be tight if you’re looking for a longer-term repayment plan.

Jijenge’s logbook loan works well if you need cash fast and have a car to back it—but you need to be sharp on the numbers and make sure the rate makes sense before you jump in.

Online application

Premier Credit offers logbook loans of up to Ksh 3 million, with most approvals processed and cash disbursed within the same day. Repayments are structured over 6 months, and the process requires just a clean logbook, your ID, KRA PIN, and 12 months of M-PESA or bank statements.

Advantages

You get the money fast—many clients walk out with cash just hours after applying.
Ksh 3 million is a solid ceiling—enough to handle business emergencies or personal obligations.
The paperwork is simple and doesn’t drag—you only submit the essentials.
You can apply at a branch or by dialling *522#, which saves you time.
You keep your car—Premier only takes the logbook, not the keys.

Disadvantages

The repayment period is short—six months can feel tight if you’re borrowing on the higher side.
Interest rates aren’t listed publicly—you have to ask at the branch and go through the numbers properly.
The vehicle must be fully owned—no active loans or encumbrances allowed.

Premier Credit’s logbook loan is great for quick, no-frills borrowing—but you’ve got to go in with a plan, especially with that short repayment window.

Lender	Institution Type	Loan Amount (KES)	Loan Term	Interest Rate (per month)	Bonuses/Promotions
Absa Bank Kenya	Bank	Up to 80% of vehicle value	Up to 60 months	Starting from 1.5%	Check for seasonal promotions
Equity Bank Kenya	Bank	50,000 – 5,000,000	12 – 60 months	~1.8% – 2.5%	Special offers for existing customers
Co-operative Bank of Kenya	Bank	Up to 70% of vehicle value	Up to 48 months	~2.0%	Financing for insurance premiums available
Stanbic Bank Kenya	Bank	From 150,000	Up to 60 months	~1.7% – 2.3%	N/A
NCBA Bank	Bank	Up to 80% of forced sale value	Up to 48 months	Competitive rates for newer vehicles	Asset financing packages available
KCB Bank Kenya	Bank	From 100,000	Up to 36 months	~2.0% – 3.0%	Check website for current offers
HF Group	Bank	From 100,000	Up to 48 months	Competitive market rates	N/A
Family Bank	Bank	Up to 60% of vehicle value	Up to 24 months	~2.5%	N/A
Sidian Bank	Bank	From 100,000	Up to 36 months	Risk-based pricing	Focus on SME financing
Rafiki Microfinance Bank	Bank	Up to 60% of vehicle value	Up to 36 months	~3.0%	N/A
Mwananchi Credit	MFI	Up to 25,000,000	Up to 24 months	Starting from 1.6%	Fast processing (within 6 hours)
Platinum Credit	MFI	70,000 – 2,000,000	Up to 24 months	~3% – 5%	Civil servant loans available
Momentum Credit	MFI	Up to 3,000,000	Up to 24 months	Starting from 2%	Loan buy-off services offered
Ngao Credit	MFI	100,000 – 4,000,000	Up to 24 months	~3.5%	Quick approval within 6 hours
Izwe Kenya	MFI	Up to 1,000,000	Up to 60 months	Risk-based pricing	Primarily for government employees
Jijenge Credit	MFI	Up to 2,000,000	Up to 12 months	~5%	Same-day loan processing
Premier Credit	MFI	Up to 5,000,000	Up to 24 months	~4%	Financing up to 50% of car value