Setting the Record Straight
Logbook loans are one of the most misunderstood financial products in Kenya. Let's debunk the top 5 myths we hear every day at our branches.
Myth 1: "You take my car away."
Fact: You keep the car! We only hold the logbook as a digital security. Your daily life or business continues without interruption.
Myth 2: "The interest rates are predatory."
Fact: We have reviewed our rates to 2% reducing balance. This is one of the most stable and affordable rates in the country.
Myth 3: "It takes weeks to get approved."
Fact: Our "Swiftness" promise means you get approved and disbursed in under 6 hours.
Myth 4: "I need a perfect credit score."
Fact: We don't do CRB checks for approval. We believe in your current stability and the value of your asset.
Myth 5: "There are hidden charges."
Fact: We pride ourselves on transparency. Your agreement will clearly state every fee and installment with no surprises at the end.