Platinum Credit Logbook Loan – review 2026
Pros
- Accepts a broad range of personal and commercial vehicles as security
- Loan ceiling of up to roughly KES 5,000,000 for qualifying vehicles
- Also offers salary advance products alongside logbook loans
- Operates under CBK's licensing framework for non-bank lenders
Cons
- Vehicle can be repossessed on default
- Effective cost of credit is higher than a bank secured loan
- Valuation outcomes vary depending on vehicle type and condition
Platinum Credit offers both logbook loans and salary advance products in the Kenyan market, giving it a somewhat broader product base than pure logbook specialists. Its logbook facility reaches up to roughly KES 5,000,000 for qualifying vehicles, and the company accepts a broad range of personal and commercial vehicle types as security.
As with other logbook lenders, Platinum Credit's security interest over the pledged vehicle is registered under the Movable Property Security Rights Act 2017, while the borrower retains possession and use of the vehicle for the duration of the loan. The company generally aims to process applications within 24 hours, including vehicle inspection and valuation.
Fees and Eligibility
Platinum Credit, as a non-deposit-taking credit provider, operates under the CBK licensing framework for non-bank lenders established by the CBK (Amendment) Act 2021. Borrowers should budget for valuation fees and review default/repossession terms carefully, particularly given the broader range of vehicle types the company accepts, which can affect valuation outcomes.
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
- Platinum Credit Limited
- Address
- Nairobi, Kenya
- Reg. number
- CBK/CL/2012/005
- Website
- https://www.platinumcredit.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.