Jijenge Business Loan

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Loan amount (KES 100,000 - 5,000,000)
Payment Period (Months)
Monthly Payment*
Security
*Exclusive of initial onboarding fees
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This is a short-term loan against one’s private motor vehicle. It is unique & tailor-made to offer a financial boost for SMEs or for customers looking to fulfil a contract.

Customers can borrow up to 60% of the value of the car between Ksh, 100,000 and Ksh. 5,000,000. Actual loan disbursed will be based on the make and value of the car as well as year of manufacture.

The loan is processed within 6 hours or less with a repayment period of 3 months.

This loan allows you to repay the principal amount after 3 months

Requirements

Original Vehicle Logbook
Original PIN and ID
Latest 12 months bank statements
Comprehensive car insurance
Post-dated cheques

Frequently Asked Questions

How much can one borrow?

One can borrow up to 60% of the value of the vehicle with a minimum amount of KES 100,000 and a maximum of KES 5,000,000.
Who is eligible for a Jijenge Business Loan?

A Kenyan citizen with a legal source of income and a registered logbook.
Is there a limit to the age of the car?

Yes. The minimum age of the car is between 2004 and 2006.
What are the charges for this facility?

Processing fees and chattels fees, which are deducted from the loan. Monthly tracking charges are capitalized as part of the loan.
What is the repayment period for this facility?

There is a repayment period of up to 3 months.

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Marjorie Wambui Customer, Import Finance
" Ngao Credit helped me get my business back on its feet. "
Chef Ken Customer, Logbook Loan
" Ngao Credit helped me achieve my retirement plan of becoming a farmer. "
Cyrus Methu Customer, Logbook Loan