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

Provider contacts

Name
Platinum Credit Limited
Address
Nairobi, Kenya
Reg. number
CBK/CL/2012/005
Website
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.