What Are Logbook Loans?
Logbook loans are a type of secured loan allowing you to borrow money using your vehicle as collateral. Essentially, you temporarily transfer your vehicle’s ownership to us while still being able to use it during the repayment period. Once the loan is repaid in full, the ownership is transferred back to you. Logbook loans offer a convenient way to access quick cash with minimal requirements and a simplified application process.
To be eligible for logbook loans at Lloyds Capital, you must meet specific criteria, including being at least 18 years old, legally owning the vehicle, ensuring it is free of outstanding finance or having minimal finance left, and having valid insurance. Loan limits for logbook loans depend on your vehicle’s value and condition, and you can get anywhere from 40% to 90% of its current market value. Flexible repayment plans range from a 3 months up to 24 Months, allowing you to choose a preferred period that suits your financial situation.
Logbook loans are a secured borrowing option where your vehicle serves as collateral. You temporarily transfer ownership to us, retaining the ability to use the vehicle during repayment. Once fully repaid, ownership reverts to you. They provide quick cash access with simple requirements and an easy application process.
To qualify with Lloyds Capital, you must be at least 18, own the vehicle outright, ensure it’s free of significant finance, and have valid insurance. Loan amounts depend on your vehicle’s value, ranging from 40% to 90%. Repayment plans span 3 to 24 months, offering flexibility to match your financial needs.
Effortless Application
Get fast loans with no hassle. Logbook loans offer instant funds, ensuring swift access to meet your financial requirements.
Credit check not needed
Since your vehicle acts as collateral, logbook loans bypass the need for a credit check, suiting individuals who may not meet the criteria for standard loans
Competitive Interest Rates
Competitive interest rates are available with logbook loans, thanks to their secured nature compared to unsecured options
Dedicated to Your Satisfaction
Complete the form with your personal and vehicle information, and our specialists will promptly review and reach out within 30 minutes to discuss loan options.
Clear and Transparent
Loan Terms Our logbook loan terms are clear and transparent, with no hidden fees or charges, ensuring you understand everything upfront
Experienced Professionals
Our seasoned team brings vast expertise in finance, guiding you through logbook loans with expert advice and unwavering support throughout.
Keep Your Vehicle While Borrowing
With a logbook loan, your vehicle serves as collateral but remains accessible for your daily transportation, ensuring no interruption to your routine
Customizable Payment Options
We offers flexible repayment terms up to 24 months, enabling you to align payments with your budget and financial objectives
Privacy Guaranteed
Our logbook loan service prioritizes confidentiality and security, safeguarding your personal and financial data with utmost care.
Once your application is reviewed and approved, you’ll sign a loan contract outlining the terms and conditions. Upon completing the required paperwork, the loan disbursement will be sent directly to your bank account, typically within 24 hours. You can then continue to use your vehicle while making regular repayments on a monthly basis according to the agreed-upon schedule.
Discover The Advantages Of Quick Logbook Loans
- Our logbook loans at Lloyds Capital come with a host of benefits, making them an excellent option for those seeking financial assistance.
- These loans offer a quick and hassle-free solution, helping you address unexpected financial challenges or fund your personal projects.
- We have designed a straightforward application process, offer competitive interest rates, flexible repayment terms, and have a dedicated professional team to ensure logbook loans are easily accessible and convenient for you.
- Logbook loans are an ideal choice for individuals who might not qualify for traditional loans due to poor credit or a lack of credit history.
- You can use your vehicle as collateral, allowing you to secure the necessary funds while still enjoying the use of your vehicle during the loan period.
- We encourage you to consider our logbook loan services as a practical solution for your financial needs.
- Our commitment to transparency, customer satisfaction, and tailored solutions ensures you receive the best support and guidance throughout your borrowing journey.
- Explore the wide range of possibilities that logbook loans have to offer and take the first step towards achieving your financial goals with Lloyds Capital today.
Frequently Asked Questions
The most common logbook financing available remains secured by vehicles, meaning the vehicle’s original logbook secures the loan granted. Besides, you can also get logbook loans for motorbikes if you don’t own a car.
We offer higher loan amounts value to all your clients and guarantee fast processing of all logbook loan applications. Our easy logbook loans ensure our clients enjoy flexible repayment schedules at competitive rates which are transparent.
Mwananchi Credit offer logbook loans in Nairobi, Mombasa, Nakuru, and Kisumu, Kitengela and Thika. We ensure you different applicants get premier logbook loan services across different parts. This is because we offer a higher logbook loan amount at competitive rates and with flexible repayment plans
We have a monthly repayment plan of up to 24 months to choose your preferred period. That is, you can choose to repay the loan within a period of one to 24 months.
Car loans are loan types where borrowers deposit vehicles as collateral using logbooks. The vehicle secures the loan while settling the debt within the specified period. When the borrower fails to repay, the lender gains the vehicle’s rights to recover the debt.
We offer car loans to different people across Kenya to ensure everybody who owns a car can access fast cash. However, we have offices that facilitate logbook loans in Eldoret, Nakuru, Mombasa Thika, Nairobi, Kisumu, and Kitengela.