Get a Logbook Loan
Today – Fast Approval
and Quick Cash.

Quick Decision

Money can be in your bank in a matter of hours

Keep Your Car

You can keep driving your car with a logbook loan

Repay Early & Save on Interest

Loan of up to KES 1,000,000 and Flexible Loan Repayment Period of up to 24 Months

Image of car

Flexible, reliable and transparent log book loan in Kenya

Unlock the capital you need while retaining ownership of your vehicle, with our log book car loans.

Our competitive rates, seamless application process, and dedicated customer support ensure a smooth journey towards your financial goals. With transparent terms and a commitment to your success, we empower you to drive your business forward.

Don't let funding limitations hold you back. Start the conversation today!

Checklist

To qualify for a loan, you need to have:

- Original Logbook and copy
- 6 months M-pesa Statements
- 6 Months Bank Statements
- KRA Pin
- National ID
-Passport photo
-Valuation report

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How it works

To qualify for a loan, you need to have:

Sure! Here are the provided items listed as bullet points:- National ID / Passport & Alien ID

Two people working

Sure! Here are the provided items listed as bullet points National ID / Passport & Alien ID

Two people working

Sure! Here are the provided items listed as bullet points:- National ID / Passport & Alien ID

Two people working

Sure! Here are the provided items listed as bullet points:- National ID / Passport & Alien ID
- KRA PIN certificate

Two people working

Loan Details

Financed: Up to 70% of FSV
Minimum tenure: 3 Months
Max tenure: 24 Months
Minimum Amount: KSH 100,000
Max amount: KSH 1,000,000
Repayment Frequency: Monthly

Loan Cost

Monthly Interest (Flat Rate):
1-12 months: 2.99%
13-18 months: 2.75%
19-24 months: 2.49%

Processing Fee: 3.25%
Insurance fee: 1.75%
Upfront cost: KSH 0
Disbursement fee: KSH 0
Valuation: KSH 0 (May only offer!)
Logbook Discharge: KSH 0
Car Tracker: KSH 0

Example

Example Loan Amount: KSH 500,000
Example Loan Tenure: 12 months
Representative APR: 60% Monthly Loan Repayments: KSH 59,447
Total Loan Repayment Amount: KSH 713,369

Logbook Loan Calculator

Frequently asked questions

Who is Umba?
Umba is a digital bank operating in Kenya and Nigeria
What is Umba Business?
Umba Business is a business solution centered around payroll and employee financing.
What are the benefits of using Umba to the employees?
1. Savings account with interest rate
2. Cashback on bills payment
3. Salary allocation settings
4. Salary advance
5. Installment loans and lots more
How much salary advance can an employee get?
An employee can request up to 50% of their net salary per month.
What is the pricing and duration for installment loans?
Employees can get up to 3x their net pay per month and pay back within 3-9 months
What is the interest rate?
It is 5% interest rate for the salary advance & 5% per month for the installment loans.
What happens if a staff resigns while still making loan repayments?
The lending relationship always resides between Umba and the lender. If the lender left the business it would be up to the lender to repay the Umba facility through an alternative payment method and schedule agreed by Umba and the lender.
Does the Umba system generate payroll slips?
Yes a pay slip will be automatically generated by the system and sent to the employee.
Do employees have to get paid into the Umba account?
Employees can choose where they want to get paid whether Umba accounts or non-Umba accounts. However, they need Umba accounts to enjoy the benefits available with Umba.
Who can I contact for support?
Our customer Customer Experience team are always on hand to assist with any issues