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Mwananchi Credit Logbook Loan
Mwananchi Credit is one of Kenya's leading logbook lenders, offering vehicle-secured loans of between KES 50,000 and KES 5,000,000. The company retains the vehicle logbook as security while the borrower keeps possession and use of the vehicle during the loan period. Mwananchi Credit is regulated by the Central Bank of Kenya and operates under the Movable Property Security Rights Act 2017.
Conditions summary
| Loan amount | KSh 50,000 – KSh 5,000,000 |
|---|---|
| Interest rate (p.a.) | 36.00 % – 60.00 % |
| Repayment term | 3 – 36 months |
| Approval | 24 hours |
| Type | Online |
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