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Emergency instant car loan providers in kenya

emergency-instant-car-loan-providers-in-kenya

Emergency instant car loan providers in Kenya 

  1. Mwananchi credit
  2. Jijenge credit
  3. Ngao credit
  4. Mogo
  5. Fin credit
  6. Platinum credit
  7. Africa credit limited
  8. Bridgewater capital
  9. Momentum credit
  10. Galpo capital

Emergencies hit at any time. Some of them require large amounts of money that are hard to raise in a span of a few minutes, hours, or days. This is where the emergency instant car loan providers in Kenya come in. These are institutions that provide loans in which you can use your car as collateral. This means they get to keep your car logbook until you fully repay your loan. You therefore can’t claim. Ownership of your car before you finish paying up.

We sampled some of the best emergency car loan providers in Kenya. This guide will help you know how to go about them until you are successful in acquiring the loan in a short time. Most of these loaning institutions have a simple registration and application process and are disbursed within a period of 24 hours.  As the name suggests, they can cater for emergencies due to their nature of quick disbursement. The loan money is priced against the car price that you are offering as collateral. The only thing you need is your car’s logbook. You can be issued with a moving amount that can help you patch up your business, start a new one, or even cater for an emergency that needs quick money. This can sort out a lot of problems. 

Best emergency instant car loan providers in Kenya

1. Mwananchi credit 

mwananchi credit limited

Mwananchi credit is one of the best instant car loan providers in Kenya. With mwananchi credit you can borrow up to sh.20 million. All you need is to have a motorcycle, a van, or a car that is the collateral. The loan facility has an easy way of applying for your loan and it will be made available within the next 24 hours of your application.

Requirements 

The requirements for this loan include; 

  • KRA pin of the applicant
  • Original ID card of the applicant
  • A 6 months bank statement
  • A comprehensive insurance certificate
  • Original logbook

Features of mwananchi credit 

  • Valuation fee Ksh. 4,000
  • 5% processing fee and 1% of the loan amount for insurance fees.
  • 6% interest 
  • 1-year repayment period.
  • 6 hours of processing time.
  • 50% financing fee in case of late repayment.

2. Jijenge credit

jijenge credit limited

Up to 60% of the market price can be secured from Jijenge credit. It is another place you can secure some of the best logbook loans in Kenya. This facility is made to favor those who need quick loans and most especially those who own motor vehicles or motorcycles.

Features of Jijenge credit

  • Up to 60% of the market price in loans
  • No guarantors
  • Less than 2 hours of loan approval
  • Easy application
  • Easy repayment
  • Online step-by-step application process.

Requirements for Jijenge loan 

  • 1 month certified mpesa and bank statements
  • 2 copies and the original logbook to your car
  • Personal checkbook
  • Certificate of incorporation in case of a business
  • 2 copies of your original Identification card
  • 2 copies of the KRA pin certificate
  • 2 colored passport-sized photos

3. Ngao credit

ngao credit limited

Ngao credit offers excellent deals on car loans. With your car logbook, you can get up to sh.3,000,000 in car loans in two hours or less. The application is quite simple and the repayment period does not exceed 20 months after the issue of the loan.

Features

  • Easy to apply
  • Slightly longer repayment period.
  • Slightly more cash can be acquired.

Requirements

  • ID card
  • Six months bank statements
  • KRA pin certificate
  • Original logbook
  • Comprehensive insurance
  • Post-dated cheques

4. Mogo

mogo credit limited

Mogo is one of the car loan facilities that require very minimal certification and documentation during application. They offer a good processing time of 24 hours or less before you access the loan. You can get up to 80% of your car market price of your car in loan amounts.

Features

  • Ample repayment time
  • Short processing time 
  • Minimal documentation
  • Easy to apply

Requirements

  • One must own a car
  • Original logbook
  • KRA pin certificate
  • Proof of income
  • Copy of ID

5. Fin credit

Fin credit is one of the most reliable loans in Kenya. It is actually one of the best turnaround times. You also don’t need much to access this loan. Make sure you have original documentation for your car as well as payment proof. 

Features

  • Secure quick loan access
  • Quick turnaround
  • Easy application
  • Good loan offers

Requirements

  • Bank statements
  • Copy of utility bills
  • Car valuation certificate
  • Copy of ID 
  • Copy of KRA pin certificate
  • There months payslips

6. Platinum credit

Platinum credit is one of the most established credit facilities in Kenya. It has been serving its customers for a good while now. Platinum credit processes its loans within a span of 24 hours and wires the money via mpesa, cheque or directly into the bank account. With this facility, the loans are subject to loan appraisal.

Features

  • 12-month repayment period
  • Up to ksh.2,000,000 in loan amounts
  • Available within 24 hours of application.

Requirements

  • Two recent color passports
  • Copy of ID
  • Six months bank statements
  • Original vehicle logbook
  • Valid comprehensive insurance cover
  • Personal checkbook
  • Three months payslips
  • Certificate of incorporation for business owners.

7. Africa credit limited

Africa credit limited is one of the loan facilities that offer sizable loans for motor vehicle owners. This loan facility does not need much for application and verification. The requirements are just the same as other credit facilities mentioned above.

8. Bridgewater capital

At Bridgewater capital, one can access a loan of up to Ksh. 1,000,000. The motor vehicle owner just needs to show that he/she can repay the loan. This one is best for business owners and salaried people.

Features

  • Quick loans for business
  • 24-48 hours of loan repayment
  • At least a 10-year-old vehicle.

Requirements

  • Must own an insured vehicle
  • Must be a Kenyan citizen
  • Must be able to show you can afford to pay back.

9. Momentum credit

At momentum credit, one can get a loan of up to ksh.5,000,000 within 24 hours. They offer 50% of the value of your car. Like many such credit facilities, one is eligible for a loan within a short period of time. 

Features

  • Short processing time
  • High loan limit
  • 50% of the value of your car.

Requirements

  • Original car logbook
  • Six months of active bank account
  • KRA Pin and ID
  • 1 passport size photo
  • Proof of residence
  • Comprehensive insurance.

10. Galpo capital

Galpo capital is quite different from the rest. Here, they arrange for you to get a loan on the same day. The big difference is that you can keep using your vehicle while they have your car registration documents. It is more convenient than any other credit facility in Kenya. Therefore if you need a quick loan, you can turn to this facility at any time.

Emergency instant car loan providers in Kenya contacts

If you want to reach out to any of the credit facilities mentioned above, we have put together a list of their contact information to help you reach them quickly. They are all summarized in the table below;

Loan providerContact information/ location
Mwananchi creditContact: 0709 147 000
Email: [email protected]
Jijenge creditContact: 0711 282 727, 0703 282 727
Email: [email protected]
Ngao creditContact: 0709 650 000
Email: [email protected]
MogoContact: 0768 469 112Email: [email protected]
Fin creditContacts: 020 386 1673, 0735 880 417, 0722 425 050
Email: [email protected]
Platinum creditContacts: 0709 900 000, 0730 900 000
Email: [email protected]
Africa credit limitedCELL; + 254 702 222 803+ 254 702 228 [email protected]
Bridgewater capitalMQXR+P5H, Kabarnet Rd, Nairobi
Momentum creditContacts: 0709 434 000, 0709 434 900
Email: [email protected]
Galpo capitalWemmah House, 2nd Floor Limuru Rd, Nairobi

Emergency instant car loan providers in Kenya- FAQs

Can I get a car loan immediately?

it is possible to get a car loan of your choice quickly if you apply to a good lending facility. sometimes they could take up to 24 hours but they are faster than the regular loans available. it is important to select a credit facility that offers a quick processing period on loan applications.

Where can I borrow money urgently in Kenya?

it depends on the type of loan you want. however, some of the best credit facilities in Kenya include;
m-shwari
KCB mpesa
eazzy loan
o-kash
haraka…etc
These don’t need complex application processes and collaterals.

How can I get emergency loans?

There are several loaning facilities that offer emergency loans in Kenya. some need car logbooks while some need you to just prove you can afford to repay the loans. Institutions that offer emergency loans include;
Banks, credit unions, payday lenders, and online lenders.

Can you buy a car and pay in installments?

Yes. it is very possible to buy a car on hire purchase in Kenya. The dealerships that offer such terms usually require one to pay a deposit and then clear the rest in installments as per the agreed period of time. However, not all dealerships allow such terms.

What is the easiest car to get financed?

Almost all cars can get financed. the only stumbling block could be the restrictions that the credit facility has placed regarding the cars they can finance. the terms differ but they usually don’t include the type of car you should have. as long as the car is in good condition, you can get financed on any type of car.

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