LOGBOOK EMERGENCY CASH LOAN

This product enables the client to access quick finance to meet an urgent financial need. This emergency cash loan is secured by a logbook or any motor vehicle such as saloon car, lorry, etc

Features

  • Amount borrowed shall be up to 50% of the value of the motor vehicle.
  • The motor vehicle shall be ten years and below since the year of manufacture.
  • Competitive Interest rates[u1]
  • Loan processing within 48 hours, where all requirements are in place.
  • Monthly loan repayment.
  • Repayment period of up to 6 months
  • Easy and convenient disbursement and repayment through mobile banking, among other platforms

Requirements

  • Personal ID and PIN
  • Business registration documents where applicable
  • Motor Vehicle Log book
  • The client must have been in business for at least two years or in permanent employment
  • Certified bank/Mpesa statements for 1 year
  • Utility Bill