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Top Companies Offering Logbook Loans in Kenya

Logbook loans have become a popular financing option in Kenya, offering a quick and accessible way to get cash using your car as security. With numerous lenders in the market, it can be overwhelming to choose the right one. This article explores some of the top reputable companies offering logbook loans in Kenya:

  1. Bashy Africa Credit

Bashy Africa Credit is a leading bank in Kenya, offering a variety of financial products, including logbook loans. Their Bashy Africa Credit logbook loan product caters to individuals and businesses seeking financing for immediate needs.

  • Features:
    • Minimum loan amount of KSh 100,000.
    • Loan applicable to private and commercial vehicles (excluding PSVs like matatus and buses).
    • Competitive interest rates.
    • Loan repayment period up to 12 months.
    • Convenient online application process.

Option for comprehensive motor insurance at favorable rates through NCBA Insurance Agency. Jordanshoes

  1. KCB Bank Kenya

KCB Bank Kenya is another established financial institution offering logbook loans in Kenya. They are known for their wide reach and customer service.

  • Features:
    • Competitive interest rates.
    • Loan terms tailored to individual needs.
    • Requires an active KCB account for a minimum of 3 months for eligibility.
    • Loan secured by the applicant’s vehicle logbook.
  1. Mogo

Mogo is a popular lender specializing in asset-backed financing, including logbook loans for cars, motorcycles (bodabodas), and tuk-tuks.

  • Features:
    • Competitive interest rates.
    • Offers some of the lowest monthly repayments in the market.
    • Loan amounts ranging from Ksh 70,000 to Ksh 2,500,000.
    • Repayment period up to 60 months.
    • Known for their fast and efficient loan application process.
  1. G4S Cash Solutions

G4S Cash Solutions is a security solutions company that has diversified into financial services, including logbook loans. Their focus on security can be a plus for some borrowers.

  • Features:
    • Competitive interest rates.
    • Streamlined loan application process.
    • Security of a well-established security company.
  1. Credit Plus

Credit Plus is a licensed financial institution offering various loan products, including logbook loans. They are known for their customer-centric approach.

  • Features:
    • Competitive interest rates.
    • Flexible loan repayment terms.
    • Focus on customer service and satisfaction.

Important Considerations Before Choosing a Logbook Loan Provider:

  • Interest Rates and Fees: Always compare interest rates and fees from different lenders before making a decision. Ensure you understand the Annual Percentage Rate (APR) which reflects the total cost of borrowing over a year, including interest and most fees.
  • Loan Terms: Carefully review the loan repayment period and any prepayment penalties that might apply.
  • Eligibility Requirements: Ensure you meet the lender’s eligibility criteria, such as minimum age, income verification, and vehicle requirements.
  • Reputation and Customer Reviews: Research the lender’s reputation and read customer reviews to get an idea of their customer service and loan processing timelines.


Logbook loans can be a helpful financial tool when used strategically. By understanding the different lenders, their offerings, and the associated costs, you can make an informed decision and choose the right company for your logbook loan needs in Kenya. Remember, it’s always advisable to explore alternative financing options and borrow responsibly.


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