Phoenix Capital – We Enable, You Prosper
Car Logbook Loan in Kenya
Unlock cash from your car without giving it up. Phoenix Capital lends against your logbook, not your vehicle — you keep the keys and keep driving while you repay.
Up to KSh 3,000,000
1–24 months
From 4% p.m.
24 hours average time
— How This Loan is Different
What is a Logbook Loan in Kenya?
A logbook loan is a secured loan that allows you to borrow money using your vehicle as collateral while continuing to drive it. Once approved, the funds are disbursed quickly, giving you access to financing without selling your vehicle.
Keep driving your vehicle
Your vehicle remains in your possession throughout the loan period, so you can continue using it for personal or business purposes.
Fast access to funds
Enjoy quick approvals and fast disbursement once your application and vehicle documents have been verified.
Flexible repayment terms
Choose a repayment plan that suits your financial situation with manageable monthly instalments and transparent terms.
How the application works
Six steps from application to money in hand. Most customers with complete documents finish the same day.
Apply
Submit the form online or visit any branch.
Valuation
Our assessor inspects and values your car.
Documents
Submit your logbook, ID and proof of income.
Offer
Review your approved amount and repayment terms.
NTSA Transfer
Logbook caveat registered for the loan period.
Get Paid
Funds land in your bank or mobile money account.
— Eligibility
Who qualifies, and what to bring
- Kenyan citizen or resident, 18 years or above
- Vehicle registered in your name, free of encumbrances
- National ID and KRA PIN
- 6 months' bank/M-Pesa statements
Branches available
Head Office is in Kilimani, Nairobi, with branches across the city and beyond.
Kilimani
8th Floor, The Arch Place, Nyangumi Road
CBD Town
12th Floor, Finance House, Loita Street
Hurlingham
4th Floor, Marala Oasis
Buruburu
2nd Floor, Fairline Centre
Utawala
1st Floor, Grey Park Annex
Kiambu
8th Floor, Bishop Ranji House
Thika
1st Floor, Maisha Heights
Kitengela
3rd floor Kitengela Mall
Licensed lending, on the record.
Phoenix Capital Limited is licensed by the Central Bank of Kenya (CBK) as a Digital Credit Provider under the Central Bank of Kenya Act, and is listed on CBK's public directory of licensed lenders. Every loan we issue comes with a written offer, transparent terms, and a formally registered NTSA transfer — no informal side agreements.
— Apply
Start your application
Frequently Asked Questions
What is a car logbook loan?
A car logbook loan is a secured loan where you use your vehicle’s logbook (the ownership/registration document) as collateral to access cash. Your vehicle is jointly registered between you and Phoenix Capital at NTSA for the duration of the loan, but you continue to drive and use your car as normal throughout the repayment period. Once the loan is fully repaid, the logbook is transferred back into your name alone.
What documents do I need?
- Original, valid vehicle logbook registered in your name (or a notarized consent letter if it’s registered to someone else)
- National ID and KRA PIN
- Valid comprehensive insurance certificate for the vehicle
- Two passport-size photographs
- Proof of income (payslip, bank statements, or M-Pesa statements — usually the last 3–6 months)
- The vehicle should generally be in good running condition and under a certain age (most Kenyan lenders cap this around 15 years, though this can vary by vehicle type)
- Applicants are usually required to be between 18 and 65–70 years old
How much can I borrow?
Your loan amount is based on the current market/forced-sale value of your vehicle. Phoenix Capital offers financing of up to 80% of your vehicle’s value — higher than the 30–50% many traditional lenders offer. You can also combine several vehicle logbooks into one loan if you own more than one car.
What is the interest rate?
Logbook loans at Phoenix Capital attract an interest rate of 4% per month on a reducing balance, meaning you pay interest only on the outstanding principal, which decreases with every payment you make.
How long does approval and disbursement take?
Once you submit complete documents, your vehicle is valued by our assessment team, an offer is issued, and — once accepted — funds are disbursed to your bank account or mobile money. Most logbook loans in the Kenyan market are processed within 24 hours or less once all paperwork and the vehicle inspection are complete.
Do I keep using my car while repaying the loan?
Yes. Unlike selling your car or a hire-purchase arrangement, a logbook loan lets you keep driving your vehicle daily — for work, business, or personal use — while you repay the loan in the background.
What happens if I miss payments or default?
As with any secured loan, missed payments attract penalty charges, and continued default can lead to repossession of the vehicle, which may then be sold to recover the outstanding balance. We encourage borrowers experiencing repayment difficulty to contact us early so we can discuss revised repayment arrangements before the account falls into serious arrears.
How do I apply?
- Submit your application online or at a branch with the required documents.
- Our team values your vehicle.
- You receive a loan offer detailing the amount, interest, and repayment schedule.
- On acceptance, the logbook is jointly registered with Phoenix Capital at NTSA.
- Funds are disbursed to your account.
- You repay in the agreed installments.
- On full repayment, the logbook is transferred back to your name.