One of our readers wanted to get logbook loan and he is targeting Equity Bank. He wants to know whether they offer Logbook loan. Yes they offer Logbook loan. They can loan you up to Ksh10 million and your vehicle should not be more than 15 years old. The interest on the loan is 14% to 20% per year.
The repayment period is up to 48 months but it can be extended depending on the terms of the loan.
Documents required include your logbook,KRA Pin and passport size photo. They will award you the loan within 48 hours
