Logbook loans, a type of loan where you use your car as collateral to receive credit, are available from Asap Credit Africa. These loans can range from 30% to 80% of the car’s value. If you own a car in Kenya, these loans are a good method to receive money quickly. A logbook loan normally has an interest rate of 1.6%, depending on the payback period and the amount borrowed. A logbook loan is a great option if you need cash assistance and have your car as security.
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Unlock Fast Cash With Logbook Loans: Secure Funds Against Your Vehicle's Value
You are qualified for this loan type if you require logbook loans in Nakuru, Eldoret, Kisumu, Nairobi, or Mombasa and possess a vehicle. Additionally, Asap Credit Africa allows anyone who owns a personal, business, or passenger automobile. When you apply for a logbook loan with Asap Credit Africat, you can receive a lump sum loan equal to up to 80% of the value of your vehicle. This is so that the loan is secured while taking into account the car’s depreciation value over time.
You have up to 24 months to pay back your current logbook loan at Asap Credit Africa. Normally, you are free to select the time period within which you would like to repay the principal plus interest. Due to the fact that this is a practical way of paying back loans on logbooks, borrowers may settle the obligation before the allotted time period expires without incurring any penalties.
Despite the fact that logbook loans vary based on the make, model, and year of the car, Asap Credit Africa guarantees that borrowers have access to sizable sums. Notably, the lender provides logbook loans with amounts ranging from 100,000 KES to 10,000,000 KES. To establish the largest loan amount you are eligible for, the lender will first assess your car while taking its market value into account.