Let Us Finance your dreams
We offer flexible repayment periods of up to 24 months. This flexibility ensures efficient and effective financial solutions tailored to your needs.
Quick processing and approval process– get a loan within 6 hours of application.
We are transparent with our rates and fees on logbook loans. No hidden charges
Our team works together seamlessly to provide you with exceptional customer service. Through teamwork, we ensure that your needs are met.
Let Us Finance your dreams
We offer flexible repayment periods of up to 24 months.
Quick processing and approval process– get a loan within 6 hours! of application.
We have customized credit solutions just for you and your needs.
120k+Happy Clients
80%Quick turn around time
9Fully functioning Branches
120k+ Happy Clients
80% Quick turn around time
9Fully functioning Branches
Ngao Credit Limited is one of the major logbook loan and car loan provider in Kenya.
Our main goal is to offer financial solutions to the underserved, through our range of loan products: Logbook Loan, 90 Day supplier loan, Import duty financing, insurance premium financing and car loans.
Ngao supports businesses and individuals achieve their financial dreams.
You can access a minimum of Kes 100,000 to Kes 4 million against your car logbook.
Ngao Credit Limited is a non-deposit-taking Microfinance institution founded with the main goal of providing financial services to the underserved.
We pride ourselves in providing unique and tailor-made financial solutions that satisfy our client’s needs in the shortest time possible and unlock possibilities for SMEs and business owners.
In need of a logbook loan contact us by filling this form .
Our affiliate courses are designed by experts who have years of experience and proven results in the affiliate marketing industry.
Do you own a car and need fast access to credit? Logbook loans can be a convenient and reliable solution for you. However, before using your vehicle as collateral, it’s important to understand how logbook loans work and what to expect.
Here's what every Kenyan car owner must know:
Your car logbook is the collateral
A logbook loan is a type of secured loan where your car is used as collateral. In Kenya, this financing option allows you to borrow money based on the value of your vehicle while you still use it.
Banks and microfinance institutions such as Ngao Credit offer logbook loans. The lender keeps the logbook (vehicle ownership document) until you fully repay the loan.
Quick Tip: Ensure your logbook is in your name and your car is fully yours to qualify.
You Can Still Drive Your Car
One of the main advantages of logbook loans is that you continue using your vehicle during the repayment period. You do not have to sell your car. Get the cash you need and deal with that medical, school, or business emergency without selling your car.
This makes it an ideal option for people who rely on their vehicles for work, business, or personal use.
Loan Amount Depends on the value of your Car
The amount you qualify for depends on your car’s make, model, age, and condition. Most lenders in Kenya offer loans ranging from 50% to 80% of the car’s forced sale value.
Before offering you the loan, the bank or microfinance will need a valuation report showing how much your car is worth.
💡 Pro Tip: Keep your car in good condition and maintain up-to-date records for a higher loan valuation.
Interest Rates and Repayment Terms Vary
Logbook loans often come with higher interest rates compared to unsecured loans, due to the quick processing and reduced risk for the lender. Repayment terms can range from a few months up to 24 months, depending on the lender and the loan amount.
Always compare rates from multiple lenders and read the fine print carefully to avoid hidden fees or penalties.
5. Timely Repayment Is Crucial
If you miss payments, the lender has the legal right to repossess and auction your car to recover the loan amount. To avoid this, ensure you have a solid repayment plan and borrow only what you can comfortably repay.
🚨 Remember: Defaulting on a logbook loan can hurt your credit score and lead to the loss of your vehicle.
Logbook loans offer a fast and flexible way for Kenyan car owners to access funds, whether it’s for business expansion, emergencies, or personal use. But like any financial commitment, they come with responsibilities. By understanding how they work and choosing a trusted lender like NCL, you can make smart borrowing decisions that protect both your finances and your vehicle.
NHIF building, 2nd floor
Eco Bank Towers, 6th Flr
Jubilee Arcade, 2nd floor, Moi Avenue
Do you own a car and need fast access to credit? Logbook loans can be a convenient and reliable solution for you. However, before using your vehicle as collateral, it’s important to understand how logbook loans work and what to expect.
Here's what every Kenyan car owner must know:
Your car logbook is the collateral
A logbook loan is a type of secured loan where your car is used as collateral. In Kenya, this financing option allows you to borrow money based on the value of your vehicle while you still use it.
Banks and microfinance institutions such as Ngao Credit offer logbook loans. The lender keeps the logbook (vehicle ownership document) until you fully repay the loan.
Quick Tip: Ensure your logbook is in your name and your car is fully yours to qualify.
You Can Still Drive Your Car
One of the main advantages of logbook loans is that you continue using your vehicle during the repayment period. You do not have to sell your car. Get the cash you need and deal with that medical, school, or business emergency without selling your car.
This makes it an ideal option for people who rely on their vehicles for work, business, or personal use.
Loan Amount Depends on the value of your Car
The amount you qualify for depends on your car’s make, model, age, and condition. Most lenders in Kenya offer loans ranging from 50% to 80% of the car’s forced sale value.
Before offering you the loan, the bank or microfinance will need a valuation report showing how much your car is worth.
💡 Pro Tip: Keep your car in good condition and maintain up-to-date records for a higher loan valuation.
Interest Rates and Repayment Terms Vary
Logbook loans often come with higher interest rates compared to unsecured loans, due to the quick processing and reduced risk for the lender. Repayment terms can range from a few months up to 24 months, depending on the lender and the loan amount.
Always compare rates from multiple lenders and read the fine print carefully to avoid hidden fees or penalties.
5. Timely Repayment Is Crucial
If you miss payments, the lender has the legal right to repossess and auction your car to recover the loan amount. To avoid this, ensure you have a solid repayment plan and borrow only what you can comfortably repay.
🚨 Remember: Defaulting on a logbook loan can hurt your credit score and lead to the loss of your vehicle.
Logbook loans offer a fast and flexible way for Kenyan car owners to access funds, whether it’s for business expansion, emergencies, or personal use. But like any financial commitment, they come with responsibilities. By understanding how they work and choosing a trusted lender like NCL, you can make smart borrowing decisions that protect both your finances and your vehicle.
Ngao Credit offers logbook loans across Kenya with branches in all major towns; Nairobi, Mombasa, Nakuru, Kisumu, Kitengela, Thika, Meru and Eldoret.
We have a monthly repayment plan of up to 24 months, you can choose your preferred period. That is, you can choose to repay the loan within a period of one to 24 months.
Logbook loans are loans secured against your car logbook. You get a loan of up to 60% the value of your car. For logbook loans you will still be using your car as you pay back the loan.
It only takes 6 hours provided that you have availed all the required documents. (ID, copy of logbook, KRA Pin, bank Statements)
No! For now, Ngao Credit only offers car logbook loans.
We have flexible interest rates dependent on the product you choose. Refer to products and the calculator on this website.
Our minimum loan amount is KES 100,000 and a maximum of KES 4, 000,000.
At Ngao Credit we offer secure loans against car logbooks. To qualify you MUST have a car as security for the loan
To get a logbook loan, CRB checks are not required.
The quickest way to apply is to fill an online application form or fill a request a callback form on the Ngao Credit website. One of our agents will call you to initiate the loan process.
Often the same day. Once the application is completed, the money will be transferred to your bank.
You can pay back your logbook loan via Mpesa
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