Premier Credit Logbook Loan – review 2026
Pros
- Wide loan range from roughly KES 30,000 up to KES 3,000,000
- Borrower keeps using the vehicle during the loan term
- Fast processing and disbursement, often within 24 hours
- Operates under CBK's licensing framework for non-bank lenders
Cons
- Vehicle can be repossessed if the loan falls into default
- Effective interest cost is higher than secured bank credit
- Final loan amount depends on the lender's own vehicle valuation
Premier Credit provides logbook loans to vehicle owners in Kenya, with amounts starting from around KES 30,000 and reaching up to KES 3,000,000 depending on the vehicle's assessed market value. The company markets rapid turnaround, processing applications and disbursements within 24 hours in many cases.
The lender requires the original vehicle logbook as security while the borrower retains use of the vehicle, with the security interest registered under the framework established by the Movable Property Security Rights Act 2017. This structure makes Premier Credit a relevant option for borrowers who need relatively fast access to a secured loan without surrendering use of their vehicle.
Fees and Eligibility
As a non-deposit-taking lender, Premier Credit operates under the CBK licensing regime for non-bank credit providers established by the CBK (Amendment) Act 2021. Applicants should expect a vehicle valuation and should carefully review the repayment schedule and default terms, since the vehicle itself is at risk if repayments are missed.
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
- Premier Credit Limited
- Address
- Nairobi, Kenya
- Reg. number
- CBK/CL/2009/002
- Website
- https://www.premiercredit.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.