We Have Cut Interest Rates,

In a market characterised by high interest rates and rigid terms, we are taking a different approach—lowering interest rates and increasing loan limits on key loan products to provide real financial relief.

Addressing Market Realities with Customer-Centric Solutions

As Umba Microfinance, we have revised two of our cornerstone financial products—Logbook Loans and Car Financing—to better serve individuals and business owners facing cash flow constraints. The goal is simple: provide accessible credit solutions that match the realities of today’s economic environment.

Revised Loan Terms:

  • Interest Rate: Reduced from 3% to start at 2.5% per month (Terms and conditions apply)

  • Loan Limit: Increased from Ksh1.7 million to Ksh2 million

These changes apply to both Logbook Loans and Car Financing services.

Car Financing: Helping You Drive Your Goals Forward

Our Car Financing product is designed for individuals looking to purchase a vehicle with manageable and flexible repayment terms.

Key Features:

Affordable monthly interest
Enjoy a reduced interest rate starting from 2.5% per month, making it easier to plan your finances without being overwhelmed by high repayment costs.

Higher loan limit
You can now borrow up to Ksh2 million, giving you more options when choosing a car, whether you're upgrading for personal use or expanding your business operations.

Flexible repayment period
We understand that financial needs vary. That’s why we allow you to negotiate a repayment period that suits your budget and income cycle.

Straightforward application process
 No need for complicated procedures. You only need to provide:

  • Proof of employment
  • A proforma invoice from a car dealer
  • National ID
  • KRA PIN
  • Mpesa or bank statements for the last 6 months

This structure ensures you can access the financing you need with minimal delays.

Logbook Loans: Unlock Value Without Sacrificing Mobility

For those in need of immediate funding, our Logbook Loan product provides quick access to capital while allowing you to retain use of your vehicle.

Key Features:

Low monthly interest rate
Borrowers enjoy an affordable interest rate beginning at 2.5% per month, helping to keep overall repayment amounts within reach.

Increased loan amount
With a new upper limit of Ksh2 million, customers can unlock significantly more value from their vehicles to meet pressing needs, whether personal or business-related.

Fast approval and disbursement
Time is critical in emergencies. At Umba, we prioritize speed. Your application can be approved and funds disbursed within 24 hours, ensuring you don’t lose time when it matters most.

Flexible terms
You’ll benefit from repayment terms designed around your financial situation, helping you manage your obligations without unnecessary pressure.

No credit checks required
Approval is based on the value of your vehicle, not your credit history. This opens up access to financing for more Kenyans, including those who might not qualify with traditional lenders.

Retain full use of your vehicle
With our Logbook Loan, your car remains in your hands. You continue to drive and use it as usual while repaying the loan, ensuring your mobility and productivity are uninterrupted.

Simple application requirements
To apply, you’ll need:

  • A copy of your vehicle logbook
  • National ID
  • KRA PIN
  • Three months’ payslips (if employed)
  • Mpesa or bank statements from the last 6 months

To learn more or to begin your application, get started by filling in your information here.

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