30/08/2021
Auto Logbook Loans at Platinum Credit Ltd -Mama Ngina Branch - Ouma Dennice.
Emergency loans have increasingly become popular over the recent years, from mobile app loans to logbook loans. At Platinum Credit Ltd - Ongata Rongai branch, we have realized that financial emergencies happen to the most of us and one thing that has remained constant is people’s need for cash. While getting a loan from a bank involves long procedures that take time, once approved, Logbook loans are processed in less than 12hours.
A Logbook loan is a great way to secure cash quickly or if you have been refused credit before and you are looking for a quick decision on a loan. As the name suggests, logbook loans are loans secured against the value of your vehicle (either a personal car or a company vehicle), with us, PCL, Rongai branch, we offer loans from 50% the value of your vehicle which you can repay within 15months.
Who can get a logbook loan?
Anyone who owns a private, commercial or passenger service vehicle qualifies for a logbook loan. Loans can be secured against more than one motor vehicle at the same time. All Log Book Loans are subjected to a loan appraisal process. Once a loan has been approved the loan will be disbursed in less than 12 hours.
The minimum amount to borrow from us is Ksh 70000 to a maximum of Ksh 2,500,000.00, however, the amount applied for and approved will depend on the general condition of the car, the age of the car, the mileage on the vehicle and the amount of money you make. This will also determine the amount of money you will be required to pay monthly.
Why logbook loans?
Approved fast and timely.
– Logbook loans are like emergency loan, they are approved fast to make sure financial needs are met quickly. With most lenders it takes less than 12hours given that you meet all the requirements. At Platinum Credit Ltd, the money is transferred to your account without delays once approved.
Easily accessible.
– With logbook loans becoming popular by the day, more and more lenders are coming up to meet the demand. Getting a logbook loan is now easy provided you are eligible. You can even submit your application online.
Use as you want.
– When it comes to getting a logbook loan most lenders do not need to know how you intend to use the money as long as your car details check out. You can use the money on personal matters like paying for a vacation, invest, pay bills etc.
Flexible amount.
– Since logbook loans are secured against a car, the amount of money you can borrow is flexible, one can borrow up to 2.5million depending on the value of the car.
No Credit Check.
– One of the advantages of logbook loans in Kenya is that you can access them even when you have been denied credit elsewhere. The no credit check policy guarantees most people get a loan since the car is used as collateral.
Logbook loans are not just for emergency purposes although they are processes in the shortest time possible. This type of loan can be used for any purpose including starting a business, expanding or restocking, supplement the working capital cash flows deficits, pay workers, pay medical bills, complete a payment or maybe just going for a vacation.
To apply for our Auto Logbook Loans, kindly call our Financial Services Officer on 0757186709 or visit our office at International Life House ground floor, along Mama Ngina Street, opposite ABSA bank Queensway branch, behind Hilton Hotel.
