Logbook Loans

Unlock the Value of Your Car

Quick Loans Against Your Logbook. Get up to 60% of your vehicle's current market value with flexible repayment terms of up to 36 months.

Apply for Logbook Loan View Fee Schedule

Why Choose Tovu Logbook Loans?

Access the liquidity trapped in your asset with our competitive rates and transparent member-first approach for all car owners.

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60% Loan-to-Value

Borrow up to 60% of your car's current market valuation. Get the cash you need while you keep driving your car.

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24-Hour Processing

Once valuation is complete, we aim for same-day approval and disbursement to meet your urgent financial needs.

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Zero Hidden Fees

Everything is stated upfront. From processing to valuation, we believe in complete financial transparency.

Loan-to-Value Calculator

Estimate your available loan amount based on your car's current value in Kenyan Shillings.

Current Car Value KSh 2,500,000

KSh 500k KSh 15M

Loan-To-Value (LTV) 60%

10% LTV 60% LTV (Max)

Repayment Period 24 Months

6 mo. 36 mo.

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Maximum Loan Amount

KSh 1,500,000

Estimated Monthly Installment: KSh 72,500 / month

Requested LTV (60%) KSh 1,500,000

Monthly Interest 1.25%

Processing Fee (3.0%) KSh 45,000

Valuation & Tracking KSh 20,000

Apply for Logbook Loan

*Estimates based on vehicle valuation. Processing and tracking fees are deducted upfront. Final terms subject to car inspection.

Transparent Fee Structure

We maintain a clear and honest breakdown of all charges associated with our logbook loans in Kenya. No hidden costs for our members.

3.0%

Processing Fee

A one-time fee calculated on the approved loan amount, mandatory for all loan processing and administration.

KSh 15,000

Valuation Fee

Flat rate for professional vehicle appraisal by our certified partner panel across the country.

KSh 5,000

Tracking Installation

One-off fee for the installation of a secure GPS tracking device on the collateral vehicle for your security.

4.5%

Insurance Premium

Annual comprehensive insurance cover mandatory for all vehicles under lien, payable in Shillings.

verified Eligibility Criteria

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Asset Ownership The vehicle must be registered in the member's name and owned by the member for a minimum of 6 months.
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Free of Encumbrances The vehicle must be free of other encumbrances and not have any existing active lien, loan, or financial claim from another institution.
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Member Standing Active Tovu SACCO membership with a minimum of 6 months regular contributions.
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Vehicle Age Private vehicles should not exceed 12 years of age from the year of manufacture.

description Required Documents

menu_book Original Logbook (Certified)

badge Copy of National ID & KRA PIN

receipt_long 6 Months Bank Statements

directions_car Official Valuation Report

info All logbooks will be under joint-ownership with Tovu SACCO during the loan tenure. Processing and valuation fees are payable in KSh upon approval.