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Logbook loans
A logbook loan is a loan that is backed by the value of your vehicle. This loan can be used for anything and is ideal for people who want to expand their business or deal with financial difficulties.

Our logbook loan is available to anyone who owns a personal, commercial, or passenger service vehicle. Get access to the money in as little as 6 hours while keeping your driving privileges without the need to sell your vehicle.

Our car logbook loans in Kenya are simple to apply for and are usually based on a flexible credit history analysis. Our online loan calculator will assist you in determining how much you will be required to pay each month.

Frequently Asked Questions On Logbook Loans
HOW MUCH CAN I GET FOR A LOGBOOK LOAN?

You can get a logbook loan in Nairobi from Edenbridge Capital for between Kshs 20,000 and Kshs 5,000,000. Our average loan is Ksh 100,000.

The amount of money you can borrow is determined by the value of your car. When you apply, one of our consultants will take your information and provide you with a no-obligation quote. The money will be in your account in less than 6 hours once the application process is completed.

WHAT IS A LOGBOOK LOAN CALCULATOR?

You can use a logbook online loan calculator to figure out how much you’ll have to pay back. Use our Logbook Loan calculator on our website to see how much you’ll have to pay out on a range of terms and interest rates.

HOW LONG WILL IT TAKE BEFORE MY LOAN IS APPROVED?

6 Hours

HOW DO LOGBOOK LOANS WORK?

The car owner must be the legitimate owner of the vehicle. The car’s value must be the market value at the time of the sale, not the price at which it was bought

The vehicle owner must hand over the logbook and registration papers to the moneylender in order to proceed with the loan. Both parties must sign a credit agreement, stating that the lender is the vehicle’s temporary owner.

Logbook loans in Kenya are dispersed in the form of a check or direct bank deposit. But they may also be issued in cash which may incur some fees.

LOGBOOK LOANS ONLINE – CAN I GET A LOGBOOK LOAN ONLINE?

Yes, at Edenbridge Capital, you can apply for a logbook loan online. Our online application form uses Google AMP technology, which means it’s fast, simple, and easy to fill out. The majority of people complete our online application form in less than two minutes.

If the loan application process has been completed, we will make a direct deposit into your account in less than 6 hours subject to availability, suitability, and compliance with our terms and conditions.

CAN I GET A LOG BOOK LOAN WITH BAD CREDIT?

Yes, even if you have bad credit, you can get a short-term loan online. Edenbridge Capital is a direct lender that focuses on assisting individuals with poor credit. Affordability takes precedence over credit score. A logbook loan is suitable for anybody, regardless of their credit rating, whether they have good or bad credit. The loan would have no impact on your credit score since it is backed by the vehicle. You’ll need a car that you own outright and aren’t in debt for.

LOGBOOK LOANS FOR OLDER CARS?

This is not the case. Older vehicles are not eligible for logbook loans.

We do not have loans for older vehicles at Edenbridge Capital. Old cars, we’ve discovered, are a high-risk investment because they have little or no market value and are difficult to resell/auction if a consumer defaults on the loan.

CAN I STILL USE MY CAR WITH A LOGBOOK LOAN?

Yes, you are free to drive your car normally. You are solely responsible for the insurance and maintenance of the vehicle. The only difference is that the loan is secured against the car, and you won’t be able to sell it until the loan is paid off. Although a logbook loan is secured against your vehicle, it does not affect your duties as the owner of the vehicle; you are also responsible for all aspects of car maintenance and driving, including insurance and taxes.

HOW LONG BEFORE THEY RECLAIM MY CAR IF I DON’T PAY THE LOGBOOK LOAN?

Since the logbook loan is secured to your vehicle, if you default on payments, your vehicle will be repossessed. If your circumstances have changed and you are experiencing financial difficulties, please contact us to see how we can help. To get you back on track, we will devise a more appropriate and practical payment schedule.

If you have financial issues and are unable to make your weekly or monthly payments, your car would be at risk. It won’t be repossessed right away; instead, you’ll get a default note first. If you note a change in your financial position or are having trouble making payments, you can contact the logbook loan lender as soon as possible.

WHAT HAPPENS IF I HAVE AN ACCIDENT?

If you have an accident or your vehicle is stolen, you will always be responsible for repaying the logbook loan. Accidents and robbery do not absolve you of your responsibilities.

CAN I SELL MY CAR IF I HAVE A LOGBOOK LOAN ON IT?

When you take out a logbook loan in Nairobi, the loan company effectively takes ownership of the vehicle, which means you won’t be able to sell it because you still owe them money. If you sell the car illegally, the loan company will seize it from the new owner, who will then file a complaint against you. A search will show that the car has outstanding finance, making it impossible for anyone to buy it. So it is always advisable to carry out a search before buying a car.

WHAT CAN I USE A LOGBOOK LOAN FOR?

Customers are encouraged to use our loans for unanticipated emergency costs such as vehicle repairs, medical bills, or unforeseen home repairs. Short-term credit, as the name implies, is intended to help tackle a short-term problem and can never be used to attempt to solve a long-term debt problem. A logbook loan can be used for almost anything.

Human desires are insatiable, and as a result, there is an ongoing need to meet those requirements. It allows you to have some financial freedom, allowing you to spend money on something you really want or need.

DO YOU OFFSET LOANS FROM OTHER INSTITUTIONS?

Following consultation and negotiation of terms and conditions, Edenbridge Capital offsets and buys off loans previously taken from other financial and money lending institutions.

CAN ONE CLEAR THE LOAN BEFORE MATURITY?

Yes, you can pay off the loan at any time, even before the scheduled due date. The less you pay in interest and fines for late payments, the less you pay in late fees. We recommend our customers to pay before the maturity date to save money.

Loan Requirements
We shall generally require that you support your application for a log book loan with the following documents:
•Your original logbook
•A copy of your original national ID •
•2 passport-sized coloured photos
•3 months approved bank statements •
•A copy of your KRA pin
•Postdated cheque leaves
•Valid comprehensive insurance cover
•Edenbridge application form
How Much Do You Need
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Kshs0
Min loan amount - Kshs 100,000
Max Loan Amount - Kshs 10,000,000
Max Repayment Period - 12 Months
Edenbridge Capital Log Book Loans
Edenbridge Capital is committed to providing world-class customer service and an enjoyable experience. In times of need, we prioritize our customers' needs and provide financial freedom in the form of fast, easy, and affordable logbook loans in Kenya. We take pride in the fact that our processing time is unrivalled, and you can rest assured that you will receive the funds you need in the shortest time possible. Our virtue is transparency, as there are no secret fees in the fine print.

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