Logbook loans are secured loans that use your car as collateral to obtain credit. The majority of lending organizations give loans starting at 30% of the car’s value, whereas Mwananchi Credit offers loans up to 80% of the car’s worth. Cheap auto logbook loans in Kenya make it possible for car owners to obtain quick cash. With the majority of unsecured loans, these loans include variable interest rates that start as low as 1 per cent and can go as high as 12 per cent depending on the repayment plan and loan size. In the event that you require immediate cash and wish to utilize your vehicle as collateral, a logbook loan is a fantastic option for you.
Reasons, why you should take logbook loans, include: –
1. Logbook loan for Relocation.
You may be having plans to relocate but not have enough money on your budget. Instead of going for tiring loans at the bank, you can simply use what you have to get what you don’t. At Mwananchi Credit, you can just walk to our offices with your logbook, and after pre-approval, you will be given our loan contract to sign and later get your money within 6 hours. The loan will help you move without difficulties. You can then pay the loan in instalments, while in position.
2. Logbook loan for Home Renovation.
If you are remodelling your home and become stalled along the way, you may simply get a quick logbook loan from Mwananchi Credit and continue with your renovations.
3. Logbook loan for Expanding your Business.
If you are looking to expand your business but you don’t have the resources, an emergency logbook loan at Mwananchi Credit can be a great alternative. You get to have money with minimal requirements.
4. Logbook loan for Funding your Holiday.
You may have planned a holiday for your family but unfortunately, the time comes before the money is in. You can use your logbook to get a loan at Mwananchi Credit and still go for the planned holiday.
5. Logbook loan for Medical Emergencies.
It’s possible that you’ll find yourself in a scenario where you need emergency cash because of a serious health issue affecting a family member, a friend, or yourself. Even if you have the best insurance coverage, the procedure is being slowed down. In other cases, the insurance policy may only cover specific situations. To secure a loan, you will need to use your car. We look forward to welcoming you to Mwananchi Credit.
6. Logbook loan for Credit Score Improvement.
When you want to increase your credit score but don’t have the money to do it, you might borrow money against the value of your car. You can utilize the money to pay down your debt and raise your credit score at the same time.
To Wrap it up,
Mwananchi Credit really comes in handy when you are in need of emergency loans. Once you have a valid logbook, you can get quick loans to serve your many needs, be it credit score improvement, medical emergencies, funding your holiday, expanding your business, relocating or renovating your house. Come to Mwananchi Credit today and you will thank us later.
Mwananchi Credit, Investors in People.