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Logbook Loans
At Avanzar Solutions Limited, we understand the importance of quick and accessible financial solutions, which is why we are proud to offer this Logbook Finance. With our Logbook Loan, you can borrow up to 60% of the value of your vehicle. You get a flexible payment plan of up to 36 months.
Our streamlined approval process ensures that you receive your loan disbursement within just 6 hours, providing you with the financial assistance you require when you need it most. What’s more, we prioritize your convenience by eliminating upfront costs, including loan processing fees, valuation fees, and car tracking device installation charges.
Additionally, you have the flexibility to pay for the loan costs in manageable installments, allowing you to budget effectively and comfortably.
Requirements
You are eligible for a logbook loan if you own a private, passenger service or commercial vehicle. Below minimum requirements apply for our logbook loans.
- National identity card
- KRA PIN
- Original log book
- 12 months M-Pesa statement
- 6 months bank statement
- Colour passport size photo (can be conveniently taken at our branch)
- Post-dated cheques for the duration of the loan
- Valid comprehensive insurance cover (can be provided at instalments)
We offer up to 36 months repayment period for the logbook loan.
Pricing
We provide competitive interest rates and clear, straightforward terms, ensuring you understand the full cost of your loan upfront. The key advantages of our log book loan pricing include:
- Low interest rate of just 4% monthly flat, you can rest assured that you are receiving a favorable financial solution.
- Importantly, you only pay interest for the months you remain with the loan.
- There are no early settlement penalties or fees.
- At Avanzar Solutions Limited, transparency is key, which is why we guarantee no hidden charges throughout the duration of your loan.
Value proposition
- A quick turnaround time of just 6 hours, you can access the funds you need without delay.
- Our low-interest rate of 4% per month ensures that you can borrow responsibly without incurring excessive costs.
- Flexible repayment plan of up to 36 months
- We also prioritize your financial freedom by waiving pre-approval fees.
- We have eliminated early settlement fees, providing you with flexibility and peace of mind throughout your borrowing journey.
At Avanzar Solutions Limited, we are committed to providing accessible and transparent financial solutions to meet your needs. Our Logbook Loan product embodies this commitment, offering convenience, affordability, and flexibility to help you achieve your financial goals with confidence.