Log Book Loans
At Elite Wallet Ltd., we understand that life can throw unexpected expenses your way. That’s why we offer fast, reliable, and hassle-free Logbook Loans tailored specifically for Kenyan vehicle owners who need quick access to cash without losing the use of their car or motorcycle.
What is a Logbook Loan?
A logbook loan from Elite Wallet Ltd. is a secured loan where your vehicle’s logbook is used as collateral. This means you can unlock the value of your car or motorcycle and get the funds you need quickly, without the usual lengthy loan processes.
How Do Logbook Loans Work with Elite Wallet Ltd.?
You Own the Vehicle: The loan is available to registered vehicle owners as shown in the logbook.
Vehicle Valuation: Our experts at Elite Wallet Ltd. assess your vehicle’s current market value.
Loan Offer: Based on your vehicle’s value, we offer you a loan amount — typically between 30% to 70% of the vehicle’s worth.
Agreement & Collateral: You sign a straightforward loan agreement, and your vehicle logbook is held securely as collateral.
Fast Cash Disbursement: Once approved, we disburse your loan amount swiftly, often within 24 to 48 hours.
Repayment: Enjoy flexible, affordable repayment plans designed by Elite Wallet Ltd. to fit your budget. Upon full repayment, the logbook is returned to you immediately.
Why Choose Elite Wallet Ltd. for Your Logbook Loan?
Quick Access to Funds: Perfect for emergencies, business capital, school fees, or medical needs.
No Guarantors Needed: Your vehicle secures the loan, so no third-party guarantors are required.
Keep Driving: Continue using your car or motorcycle throughout the loan period.
Flexible Repayment Plans: Tailored to your income and financial situation.
Who Can Apply for Logbook Loans with Elite Wallet Ltd.?
Kenyan residents aged 18 years and above.
Registered owners of vehicles with a clear logbook.
Individuals with a steady income or running a business.
Owners of personal or commercial vehicles.
Important Considerations
Your vehicle must be in good condition and free from existing loans or disputes.
Fully understand the interest rates and terms of your loan with Elite Wallet Ltd.
Timely repayments are critical to avoid vehicle repossession.
Get Your Logbook Loan from Elite Wallet Ltd. Today!
If you own a vehicle and need quick, convenient financing, trust Elite Wallet Ltd. to provide you with a seamless logbook loan experience. Contact us or visit any of our branches to find out how much you qualify for and get your loan processed fast!