Habari LogBook Loan
Our Logbook Finance loan is a credit facility that aims at issuing cash against the logbook of our customer’s motor vehicle. This solution is only available to individuals with a logbook for a motor vehicle registered in their names. What makes our Logbook Finance product special, is the speed with which we process the loan i.e. 12 hours’ maximum
Who Qualifies?
Anyone with a steady and evident source of income, and has a car with its logbook registered in his or her name.
We will carry out the following to ascertain and secure the value and ownership of the motor vehicle; Search at URA for ownership, encumbrances and tax liabilities Valuation of the vehicle using professionals.
Eligibility
- 2 passport photos
- Personal bank statements for the last 6 months.
- Pay slips for the last 3 months if salaried.
- A copy of your employment contract or employment ID. Original Log book in your names (Customer)
- Execution of chattel mortgage forms.
- Latest utility bill in Customer’s names as proof of residence. Cheque leaves covering the loan term.
- National I.D / Passport / Driving permit.
- Place a caveat on the Log book in favor of Platinum Credit through URA.
- Comprehensive insurance of the vehicle covering the loan term.