logbook Loans

Scope of the product

Are you a motor vehicle owner and in need of financial support to sort out your financing needs such as capital expenditure, working capital, investment, personal development among others? Look no further!

Our logbook secured financing will help you meet those needs.

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Terms and Conditions

  1. Financing of up to 50% of the market value for commercial/personal vehicles with a maximum of twelve (12) years from year of manufacture
  2. Loan tenure will be a minimum of 3 months to a maximum of 24 months.
  3. Interest rate of 4% pm on reducing balance.
  4. Processing fee of 3%.
  5. Loan Insurance 1.5%
  6. All assets must not be older than 14years at the end of the loan term
  7. Insurance for vehicles will remain comprehensive for the full value of the motor vehicle for the period the asset is under finance.
  8. In charge to be registered against the motor vehicle on the NTSA TIMS platform in favour   of FCL.
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The following documents should be provided in PDF format.

  1. A valuation report to be provided from an FCL approved valuer.
  2. Certified bank/Mpesa statements for a period of 12 months
  3. Copy of National ID / passport, KRA PIN, Certificate of Incorporation, Business registration and Memorandum and Articles of Association
  4. Copy of logbook.
  5. Comprehensive insurance for the motor vehicle and a letter obtained from the insurer indicating FCL as first loss payee.
  6. Tracking from an FCL approved service provider.
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What is a logbook loan?

A loan granted against a logbook. The logbook should be free of any encumbrance.

How old should my vehicle be?

The car should not be older than 14 years by the time you clear your loan with the institution.

Where do I get a valuation report?

You can either get your car valued by Regent or Steering auto valuers.

How do I make an application?

You can make an application physically at any of our branches in Mombasa and Nairobi or you can contact us on our Telephone number -0705 474 291, Email – or through our appointed agents.

 Is there a minimum amount I can borrow?

Yes. The minimum amount you can borrow is Kshs. 100,000.

What is the minimum and maximum loan tenure for the logbook loan?

Minimum of 3 months and maximum of 24 months.

What is the rate of Interest?

FCL charges an interest rate of 4% pm on reducing balance.

Are there any other charges?

Yes. We charge loan processing fee of 3% and a loan insurance fee of 1.5% of the loan amount.

What is the maximum amount of loan I can get?

A. Up to 50% of the market value of your car at the point of application.

Are there any exceptions to this facility?

Yes. We do not give logbook loans against Tractors, Prime movers and Trailers. Loan approvals are subject to Credit Appraisal.

How long does it take for me to get the money?

After the loan approval and securities perfection process, the loan is disbursed into your account within 6 working hours OR 24 working hours after submission of all the required documents and approval on the NTSA portal by the client, whichever is earlier.

Our Partners

We believe in partnerships to offer our customers the best service.

Contact Us

Get In Touch

We are here to help you 7 days a week and respond within 24 hours.

General Inquiries​

First Capital Limited

11th Floor, NSSF Building Northern Wing, 

Nkrumah Road, Mombasa, Kenya.

T: +254 (041) 2241 220

+254 (0)705 474 291


Got Questions?