Frequently Asked Questions on Log Book Loans
The amount depends on the value and condition of the vehicle, your repayment capacity and the outcome of our credit assessment.
Yes. Generally, you retain possession and use of the vehicle during the loan period, subject to the security arrangement and terms of your loan agreement.
Processing time depends on the completeness of your documentation, verification, valuation and credit assessment. If all documentation are in place, disbursement is done within the same day.
No early payment charges.
If a repayment is missed, we will engage with you to regularize the account. Where the account remains unresolved for 30 days, appropriate recovery measures may follow in accordance with your loan agreement and applicable Kenyan law, including action relating to the vehicle security.
Frequently Asked Questions on Upesi Loans
Upesi Loans range from KSh 5,000 to KSh 100,000, subject to credit assessment and repayment capacity.
Upesi Loan has a one-month repayment period.
No. A motor vehicle logbook is not required for an Upesi Loan.
You may apply for up to KSh 200,000. The amount approved will depend on your credit assessment and demonstrated ability to repay.
Early repayment is subject to the terms of your loan agreement. Any applicable interest or charges will be disclosed before you accept the facility.
If repayment is not made as agreed, recovery action may be taken in accordance with the loan agreement and applicable Kenyan laws.
Frequently Asked Questions on Biashara Loans
Loans start from KSh 10,000 and may grow up to KSh 200,000, subject to credit assessment and demonstrated repayment capacity.
New customers generally start with a maximum initial facility of KSh 50,000, depending on business performance, cash flow and credit assessment.
The typical repayment period is 2 to 3 months, depending on the facility and agreed terms.
Talk to us on how you can improve your financial position or expand your business.