Reviews
Logbook Loans Updated: 14. 04. 2026

Platinum Credit Logbook Loan – review 2026

4,0 / 5

Platinum Credit offers logbook loans and salary advance products in Kenya, with logbook facilities of up to KES 5,000,000 for qualifying vehicles. The lender accepts a broad range of personal and commercial vehicles and processes applications within 24 hours. Platinum Credit is regulated by the Central Bank of Kenya.

Pros

  • Loan amounts up to KES 5,000,000
  • Accepts commercial and personal vehicles
  • Slightly longer maximum term of 48 months
  • 24-hour disbursement after approval
  • CBK-regulated lender

Cons

  • High effective annual rates
  • Strict vehicle valuation criteria may reduce borrowing capacity
  • Vehicle repossession on default without prior notice in some cases
  • Insurance must be comprehensive and current
  • Fees and charges add to total cost of credit

Requirements

  • Original vehicle logbook in applicant's name
  • Kenyan national ID
  • Comprehensive vehicle insurance certificate
  • Vehicle valuation by approved assessor
  • KRA PIN certificate

Company information

Name
Platinum Credit Limited
Address
Nairobi, Kenya
Web

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.