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Logbook loans: finance secured by your vehicle

If you own a vehicle, a logbook loan may let you access financing using the vehicle as security. WeLend explains how it works, what's involved and whether it suits your needs.

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At a glance

Logbook Loans

  • Vehicle-secured
  • For eligible vehicle owners
  • Guided process
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The basics

What is a logbook loan?

A logbook loan is financing secured against a vehicle you own. The vehicle's logbook — its registration document — is used as security for the loan, and in most arrangements you continue to use the vehicle while you repay.

Because the loan is secured, it's important to understand the arrangement fully before you proceed, including what happens if repayments are missed. The WeLend team will explain this clearly.

Process

How it works

The general journey is below. WeLend will confirm the exact process for your situation.

  1. 01

    Get in touch

    Contact WeLend on WhatsApp and share what you need the financing for.

  2. 02

    Share vehicle details

    Tell us about the vehicle you own so the team can explain whether and how it may be used as security.

  3. 03

    Review the arrangement

    WeLend explains the requirements, the terms that apply and your obligations, so you can make an informed decision.

  4. 04

    Proceed if it's right for you

    If you decide to go ahead, the team guides you through WeLend's process.

Suitability

Who it may be suitable for

  • Vehicle owners

    People who own a vehicle and want to access financing for a personal or family need.

  • Business owners

    Entrepreneurs who own a vehicle and need financing to support their business.

  • Professionals

    Employed or self-employed people who prefer secured financing for a planned expense.

Be prepared

Information you may be asked for

Lenders typically ask for information about you and the vehicle. WeLend will confirm the exact requirements for your situation — this list is only a general guide.

  • Your identification details
  • The vehicle's logbook and registration details
  • Information about the vehicle, such as make, model and year
  • Details of your income or business
  • Contact information

WeLend will never ask for your PIN, OTP codes or passwords.

FAQ

Logbook Loans: frequently asked questions

Can't find what you're looking for? Ask the WeLend Assistant, or talk to our team directly.

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What is a logbook loan?

A logbook loan is financing secured against a vehicle you own, using the vehicle's logbook as security. You can usually keep using the vehicle while you repay.

Can I keep using my vehicle?

In most logbook loan arrangements you continue to use your vehicle. WeLend will explain exactly how its arrangement works before you proceed.

Is approval guaranteed?

No. Every request is assessed, and the outcome depends on your circumstances and the vehicle. WeLend will explain the requirements and process when you get in touch.

What are the rates, amounts and repayment terms for logbook loans?

Pricing, amounts and repayment terms depend on the specific product and your circumstances, so we don't publish fixed figures here. Talk to the WeLend team on WhatsApp and they will explain what applies to you before you commit to anything.

How do I get started?

Message WeLend on WhatsApp on +254 714 991111 and the team will guide you.

Resources

Helpful guides

  • Loans2 min read

    What Is a Logbook Loan?

    Learn what a logbook loan is, how using your vehicle as security generally works in Kenya, the risks and costs involved, and what to check before borrowing.

    Read article

Explore more

Related solutions

Want to understand if a logbook loan is right for you?

Our team will explain how it works, what's required and your obligations — before you decide.

Talk to WeLend(opens WhatsApp in a new tab)+254 714 991111