In Kenya, the majority of vehicle owners can secure financing using their vehicles. This includes employees on a salary, self-employed individuals, business owners, and SMEs. You don’t need to have a specific credit score to qualify for a vehicle. It depends on your income, your documents and your vehicle. Kenyans opt for this form of […]
There are four factors that you need to consider for how much money you can borrow against your car in Kenya. They include the following: The value of your car Its condition and age Your capacity to repay And your lender’s loan-to-value (LTV) policy. Let’s take an example of that. For a new car, Mwananchi […]
Vehicle valuation is the process of determining the value of a vehicle in the present market. An expert valuer examines the car. Afterwards, they consider things such as age, make, model, mileage, condition, demand, and so on. This outcome benefits buyers, sellers, insurers and lenders in making sound financial decisions. Vehicle Valuation – What is […]
It’s a matter of choice between a logbook loan and a bank loan. They all have different functions. Moreover, it’s important to understand how they differ to choose the right one. Logbook Loan vs Bank Loan at a Glance Factor Logbook Loan Bank Loan Security Vehicle logbook May be unsecured, or require other security […]
Logbook financing does not work for all cars. On a general level, the value, age and status of the vehicle all impact its appropriateness. This guide offers insights into the elements to consider when determining if a vehicle is a good match. Prepare yourself before applying! Please keep in mind that certain lenders may have […]
Here’s a quick and easy way to calculate how much your secured vehicle financing may end up costing you every month! Use our secured vehicle financing calculator for a quick and easy estimate. Fill in a few pieces of information, and we will display your estimated repayments on the spot. Calculate Your Secured Vehicle Financing Repayment […]
You must meet a few requirements as a borrower. This includes the vehicle and the documentation before applying for a vehicle financing in Kenya. This guide tells you just what you need. So you can prepare with confidence before submitting your application. Quick Checklist: What Do You Need for a Vehicle Financing? You must submit […]
So, where are you looking to get a car financing options? Make sure you are eligible. Next, compile all your documents. Once done, submit an application, fill out the vehicle valuation and go through approval. This guideline will take you through every step of the process. How to Get a Logbook Loan in Kenya? How […]
If you’re unfamiliar with the term “vehicle-based financing,” you might be wondering what it entails. You’re not alone. Many Kenyans are interested in this form of financing but don’t know how it works. This is a simple guide to it. What Is a Vehicle-Based Financing? Logbook loans are secured lending products. A vehicle-based financing is […]
Need cash and want to keep your car? Car financing options are the answer to this problem. They allow you to borrow against your car as you continue to drive it. Consequently, thousands of Kenyans have shifted from taking bank loans to car financing options. In this article, we explore the real benefits of car […]
