A logbook loan is a type of secured loan where the borrower uses their vehicle's logbook (registration certificate) as collateral. It allows you to unlock the value of your vehicle while still being able to use it.
2. How do I Apply for a Logbook Loan?
Applying for a logbook loan with Auto Advance Logbook Loans is easy. Simply click on the "Apply Now" button on our website, fill out the application form, and follow the instructions provided. Our user-friendly process ensures a quick and seamless experience.
3. What Documents Do I Need to Apply?
To apply for a logbook loan, you will need the following documents:
KRA Pin of the applicant
Two passport size photos
Six-month bank statement
Six-month Mpesa statement
Original national ID card of the applicant
4. Are There Hidden Charges?
No, Auto Advance Logbook Loans is committed to transparency. We do not have hidden charges. The terms and conditions, including any applicable fees, will be clearly communicated to you during the application process.