Home GENERAL Mogo Logbook Loans Application Complete Guide

Mogo Logbook Loans Application Complete Guide

by Louis
Mogo Logbook Loans

Mogo Logbook Loans Application Complete Guide.

What is a logbook loan?

If you have a car and there is a demand for money, take advantage of the opportunity to get the desired amount at MOGO using your car as a guarantee.

You can ask for a logbook loan from 100,000 KES up to a maximum of 1,000,000 KES with a repayment period of up to 60 months. After you get money, you also continue to drive your car.

How to apply for a logbook loan?

You can apply for a logbook loan in several ways:

  1. Through this website, filling out an application by clicking here.
  2. By calling us at 0768 469 112
  3. By visiting one of our branches.
  1. What is the maximum loan amount & repayment term?

    You can apply for a car logbook loan in Kenya for up to 1,000,000 KES with a maximum repayment period of up to 60 months.

  2. How do I pay a monthly installment?

    You are obliged to pay monthly installments in accordance with the repayment plan attached to your loan contract. To make it easier for you, you will receive a text message as a reminder of any upcoming payment.

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How do I get Mogo logbook loans?

You will need these documents:

  • Proof of income – 6 months bank statement
  • MPESA statement
  • Official payslip (if employed)
  • Driver’s license
  • Personal ID or passport
  • KRA PIN
  • Full proccess:
  • You have a car and want a loan
  • Fill out an online application or come to a mogo branch
  • Preliminary loan offer will be made in 15 minutes
  • Submit required documents
  • Car is inspected by mogo valuer
  • Contract is signed
  • GPS is installed in the car
  • Mogo name  is added to the logbook
  • Money is transferred to the seller
  • Is there a fee for assessing the value of a car?

    The assessment of the car’s value is free of charge.

  • What documents are needed to apply for a logbook loan?

    • Logbook of your car
    • Proof of income – 6 months bank statement
    • MPESA statement
    • Official payslip (if employed)
    • Driver’s license
    • Personal ID or passport
    • KRA PIN

  • Will Mogo require proof of my income?

    When applying for a logbook loan, Mogo will ask you to submit 6 months of bank statements or other relevant documents proving the source and amount of income.

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