When financial emergencies strike, logbook loans have become one of the most popular and convenient financing options for Kenyan vehicle owners. These loans allow you to borrow money by using your car as collateral while still retaining the right to drive it. But with many players in the market, not all lenders are safe. That’s why it’s crucial to choose logbook loan providers licensed and approved by the Central Bank of Kenya (CBK).
In this 2025 guide, we highlight the Top 10 CBK-Licensed Logbook Loan Givers in Kenya—trusted, legally compliant, and known for fair lending practices.
Why Choosing a CBK-Licensed Lender Matters
The CBK regulates and licenses non-bank credit providers to ensure they follow strict financial guidelines that protect consumers. By choosing a licensed provider:
- You avoid hidden fees and exploitative interest rates
- Your loan terms are legally enforceable
- You get professional dispute resolution and support
- You’re assured of ethical debt collection practices
1. Mogo Auto Limited
Overview:
Mogo Auto has established itself as one of the leading asset finance providers in Kenya, specializing in logbook loans and vehicle financing. It’s a go-to option for salaried workers, business owners, and ride-hailing drivers. It’s headquartered in Nairobi with branches across the country
Why Mogo Stands Out:
- Loans of up to 80% of your car’s market value
- Flexible repayment periods of up to 60 months
- You continue using the car during the loan term
- Fast approvals, often same-day
CBK Status: Licensed and compliant
Ideal For: Individuals needing quick, high-value loans with minimal hassle
2. Autocheck Africa (Kenya)
Overview:
Autocheck Africa is a relatively new player in Kenya’s asset finance space but brings with it solid backing and technological efficiency. Their logbook loans are streamlined through their digital platform, making the application process fast and seamless.
Why Autocheck Stands Out:
- Fully digitized application process
- Offers vehicle inspection and valuation support
- Competitive interest rates and flexible terms
- Partnered with multiple local financial institutions
CBK Status: Licensed and operating legally in Kenya
Ideal For: Tech-savvy borrowers seeking efficiency and transparency
3. Jijenge Credit Limited
Overview:
With a name that literally means “Build Yourself,” Jijenge Credit empowers individuals and SMEs with tailored financial solutions, including fast and flexible logbook loans.
Why Jijenge Stands Out:
- Same-day disbursement in most cases
- Accepts vehicles of all types (personal and commercial)
- Repayment terms from 3 to 24 months
- Transparent documentation and no hidden costs
CBK Status: Fully licensed by CBK
Ideal For: Business owners and individuals who need quick access to capital
4. Progressive Credit Limited
Overview:
Progressive Credit has a strong footprint across Kenya, offering a wide array of loan products including logbook loans. Their customer-first approach and branch network give them a unique edge in reaching borrowers even in remote areas.
Why Progressive Credit Stands Out:
- Easy qualification criteria
- Available even for customers with minimal credit history
- Available across the country with branches in major towns
- Excellent customer service and follow-up
CBK Status: Licensed and regulated by CBK
Ideal For: Borrowers outside Nairobi or those seeking in-person service
5. Ngao Credit Limited
Overview:
With more than a decade in the industry, Ngao Credit is one of the most trusted names in the logbook loan business. Their wide branch network and experience make them a favorite for many Kenyans.
Why Ngao Credit Stands Out:
- High approval rates
- Short processing time—loans disbursed within hours
- Flexible terms, with up to 24 months repayment
- Competitive interest rates
CBK Status: CBK-approved lender
Ideal For: Borrowers seeking fast loans with personalized support
6. MyCredit Limited
Overview:
MyCredit is an asset-based lender offering various financial products, including logbook loans. They pride themselves on transparency, quick approvals, and customer satisfaction.
Why MyCredit Stands Out:
- Attractive interest rates
- No guarantor needed
- Can finance personal and commercial vehicles
- Focused on transparency and ethical lending
CBK Status: Fully licensed and CBK-compliant
Ideal For: Urban professionals and business people who need straightforward lending
7. Momentum Credit Limited
Overview:
Momentum Credit is known for its slogan, “Credit That Moves You.” It has positioned itself as a leader in non-bank financial services, especially for asset-backed lending like logbook loans.
Why Momentum Credit Stands Out:
- Fast processing time—often within 24 hours
- Repayment periods of up to 18 months
- Friendly customer service and detailed loan walkthroughs
- Strategic partnerships that simplify verification and approval
CBK Status: CBK licensed
Ideal For: First-time borrowers looking for reliable and structured lending
8. Marble Capital Limited
Overview:
Marble Capital provides ethical and sharia-compliant financing solutions, making them a unique player in the Kenyan market. Their logbook loans are tailored to fit diverse customer needs, especially in the Muslim community.
Why Marble Capital Stands Out:
- Transparent, interest-free Islamic finance options
- Custom loan structuring for individuals and SMEs
- Efficient customer service and flexible terms
- Disbursement within 24–48 hours
CBK Status: Licensed and approved
Ideal For: Borrowers seeking sharia-compliant financing or alternative lending models
9. Inspire Credit Limited
Overview:
Inspire Credit has been growing steadily as a provider of accessible, asset-based loans in Kenya. Their logbook loans are popular for their simplicity and customer-focused approach.
Why Inspire Credit Stands Out:
- Loan offers of up to 70% of car value
- Personalized loan terms based on client needs
- Helpful customer reps and fast turnaround
- Open to both employed and self-employed individuals
CBK Status: CBK licensed and regulated
Ideal For: Clients who want a hands-on and flexible lending experience
10. Stride Credit Limited
Overview:
Stride Credit is a relatively newer but fast-growing credit institution offering a range of financial services, including logbook loans. They are known for being responsive, fair, and quick.
Why Stride Credit Stands Out:
- Digital-first approach to lending
- Minimal paperwork and simple application process
- Excellent reviews for support and reliability
- Competitive interest rates and flexible repayment terms
CBK Status: Fully licensed by CBK
Ideal For: Younger borrowers and entrepreneurs looking for digital convenience
Making the Right Choice
Choosing a logbook loan provider isn’t just about who can give you money fastest—it’s about trust, transparency, and legal protection. All ten lenders listed above are licensed by the Central Bank of Kenya, meaning they’re authorized to operate, are held to strict standards, and are accountable to the law.
Before applying for any loan, remember to:
- Verify the lender’s status on CBK’s official website
- Read the loan agreement carefully
- Ask questions about interest rates, penalties, and repayment terms
- Ensure your car is properly valued and that you’re not being under-financed
Need Help?
Still not sure which lender is best for your needs? Drop your questions in the comments or reach out through our contact page—we’re happy to guide you.
Pingback: Okoa Chap Chap Loan App , Is It legit? How It Works - Loan Forest Blog