What Is a Logbook Loan?
A logbook loan is a secured financing solution where you use your vehicle’s logbook as collateral and retain full use of your car while accessing quick funds. Borrowers can receive between 30% to 80% of the car’s market value, making this a powerful emergency cash solution .
Why Choose ASAP Credit Africa for Your Logbook Loan
- Fast Disbursement: Get your loan approved and funded within 24 hours, ensuring immediate access to cash.
- Competitive Interest Rates: Enjoy one of the lowest logbook loan rates in Kenya, starting at 1.6% per month, keeping repayments affordable .
- High Loan-to-Value (LTV): Borrow up to 80% of your vehicle’s value, depending on the model and condition asapcredit.africa.
- Transparent Fees: No hidden charges or upfront deductions what you apply for is what you receive .
- No Credit Check Hassles: Approval is based on your vehicle, not your credit score, making it accessible even if you have a limited credit history.
Benefits of a Logbook Loan
| Benefit | Description |
|---|---|
| Keep Using Your Vehicle | Continue driving your car even while repaying the loan |
| Quick & Easy Access | Fast loan processing ideal for emergencies or urgent business needs |
| Flexible Repayment Terms | Choose repayment plans from 6 to 36 months, tailored to your budget |
| No Hidden Fees | Fully transparent fee structure with no surprises |
How much can I borrow with a logbook loan?
You can borrow 30% to 80% of your car’s market value, depending on its age, model, and condition.
How fast is the loan approval?
ASAP Credit Africa processes logbook loans within 24 hours, ensuring fast access to funds .
Can I still drive my car during the loan period?
Yes, you retain full use of your vehicle throughout the repayment period only the logbook is held .
Requirements for a Logbook Loan with ASAP Credit Africa
- Original vehicle logbook registered in your name
- Valid National ID and KRA PIN
- Recent bank statements or payslips (3–6 months)
- Comprehensive insurance must remain active on the vehicle
How to Apply
- Reach out via our website or visit one of our branch offices
- Fill out a quick online form or apply in person
- Vehicle valuation is conducted to determine eligibility
- Loan agreement with loan amount, rate, and schedule
- Disbursement occurs within 24 hours funds go straight to your bank
- Repay according to your agreed monthly plan and reclaim your logbook when complete
Maximize Your Financial Flexibility
Whether you need funds for medical emergencies, business investment, debt consolidation, or urgent repairs, ASAP Credit Africa’s logbook loans in Kenya deliver fast, reliable, and transparent solutions without losing access to your vehicle.
Get Started Today
Visit asapcredit.africa
call +254 768 222 111 or
Email: [email protected]
to unlock the value of your vehicle and get the cash you need fast. Borrow confidently with ASAP Credit Africa.