Logbook Loan

Habari Logbook Loan

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.

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