Reviews
Logbook Loans Updated: 14. 04. 2026

Premier Credit Logbook Loan – review 2026

4,0 / 5

Premier Credit provides logbook loans to vehicle owners in Kenya, with loan amounts starting at KES 30,000 and reaching up to KES 3,000,000 based on the vehicle's assessed market value. The company processes applications and disbursements within 24 hours and requires the original logbook as collateral while the borrower retains use of the vehicle.

Pros

  • Lower minimum loan amount of KES 30,000 increases accessibility
  • 24-hour processing and disbursement
  • Borrower keeps the vehicle during the loan
  • Accepts older vehicle models
  • CBK-regulated lender

Cons

  • Interest rates among the higher end in the logbook lending segment
  • Maximum loan of KES 3,000,000
  • Vehicle repossession enforced on default
  • Loan capped at percentage of vehicle valuation
  • Short repayment terms maximum 36 months

Requirements

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

Company information

Name
Premier 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.