25/03/2015
How Logbook Loans work
If you want a fast loan secured on your car, then Auto Advance Logbook Loans can help – and the process couldn't be easier!
You no longer have to sell your car to release its value, thanks to an Auto Advance Logbook Loan. We arrange same day loans in exchange for the Logbook, while you keep the use of your vehicle. You can borrow as little or as much as you want; anything from Ksh 25,000 to 70% value of your car – although we will only lend you what we believe you can afford to pay back in order to minimise your risk of losing your vehicle.
As a strong alternative to Payday lending, Logbook Loans use your car as your guarantee, while you keep driving.
What do I need to bring?
Your car's Logbook document in your name
Utility Bill (Proof of address) dated within 8 weeks
Most recent bank statements
Photo ID (National ID or Passport)
Insurance Certificate (For loans over Kshs100,000)
How do Logbook Loans work?
The way a Logbook Loan works is when you use your vehicle as security for obtaining a loan. The minimum agreed term is 1 month, ranging all the way up to 24 monthly payments (depending on loan value and circumstances). However, with our Logbook Loans, you can pay off in as little as 1 month if you wanted to, saving yourself some money and earning a rebate on the interest. Best of all, with no early repayment fees or charges. The agreement is secured, which you retain a copy of once the loan is completed, as well as a Loan agreement. The only thing you hand over is the vehicle Logbook.
See the list below that explains the simple process to releasing your cars value today.
Apply for a logbook loan online or by calling our friendly team on +254 723 319338
We’ll be in touch as soon as possible with an offer
We’ll clearly explain the terms of your Logbook Loan
We arrange an appointment in a premises of your choice to carry out the logbook handover.
We process the documentation and you sign the agreed terms We pay the money straight into your bank account or hand over cash or a cheque.
The entire process can take as little as 1 hour, proving that Logbook Loans really are fast loans!
Email: [email protected]
