Momentum Credit Logbook Loan – review 2026
Pros
- Fast disbursement, typically within 24 hours of valuation
- Borrower retains use of the vehicle throughout the loan term
- Loan amounts can reach up to roughly KES 4,000,000
- Falls within CBK's licensing framework for non-bank credit providers
Cons
- Vehicle can be repossessed on default
- Effective cost of credit is higher than a conventional bank loan
- Loan size is capped by the lender's own vehicle valuation
Momentum Credit offers logbook-secured loans to vehicle owners in Kenya, with facilities of up to roughly KES 4,000,000 depending on the value of the vehicle pledged. The lender is positioned in the market for speed, with disbursement typically completed within 24 hours of application approval and vehicle valuation.
As with other logbook lenders, Momentum Credit's security arrangement is governed by the Movable Property Security Rights Act 2017, and the borrower continues to use the vehicle normally throughout the loan term while the lender holds a registered security interest over it. This structure allows business owners, such as transport operators, to access working capital without giving up use of an income-generating vehicle.
Fees and Eligibility
As a non-deposit-taking credit provider, Momentum Credit falls within the scope of CBK licensing for non-bank lenders introduced under the CBK (Amendment) Act 2021. Borrowers should factor in a vehicle valuation fee and review the default and repossession terms before signing, as missed payments can result in loss of the vehicle.
Requirements
- National ID
- KRA PIN certificate
- Original vehicle logbook in the applicant's name
- Proof of income or business activity
- Minimum age 18 years
Provider contacts
- Name
- Momentum Credit Limited
- Address
- Nairobi, Kenya
- Reg. number
- CBK/CL/2011/003
- Website
- https://www.momentumcredit.co.ke
- Online application
- Apply now →
- Regulator
- Central Bank of Kenya (CBK)
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.