Below we outline the list of loans offered by Jijenge Credit, loan application requirements, interest rates and contacts.
Logbook Loans
Important information to consider when choosing to get logbook loans from Jijenge Credit.
- Loan amount range is between Ksh 50,000 – 10,000,000
- Anyone who owns a private, commercial or passenger service vehicle is eligible to apply for the loan.
- You can secure a loan against more than one motor vehicle at the same time.
- Your maximum amount depends on the value of your motor vehicle.
- Loan repayment tenure is between 1-24 months. You can however pay earlier than your contract agreement.
To apply for this loan, the following details and documents are required.
- 6 Months Bank & M-Pesa Statements
- 2 Clear copy of the original ID.
- Copy of KRA Pin.
- One recent color passport-sized photographs
- Original Vehicle Logbook
- Valid Insurance cover
- Motor valuation report/ Renewal Notice
Loans On Title Deeds
Application requirements
To apply for this loan, the following details and documents are required.
- Original & 2 copies of your title deed.
- Original & 2 copies of your National ID card.
- 2 copies of your KRA pin certificate
- 2 colored passport size photos of you.
- Your 6 month bank & M-pesa statements
- Loan tenure is up to 24 months.
Asset Finance Loans
When determining the optimal funding structure, we evaluate:
- Asset brand reputation
- Serviceability and durability
- Commonality and broad-based usage
- Productive lifespan
To apply for an asset finance loan, you will need the following:
- Original & 2 copies of your Logbook
- Original & 2 copies of your National ID
- 2 copies of your KRA PIN certificate
- 2 colored passport-size photos
- 6 months of Bank & M-Pesa statements
LPO Financing
Trade Finance
Our offerings include:
- Bid Bonds, which demonstrate your commitment to the bidding process.
- Advance Payment Guarantees, providing assurance of proper use of advanced funds.
- Performance Bonds, ensuring the successful completion of projects as per agreement.
Import Duty financing
Jijenge Credit Limited will add value to your import business by offering a full range of products and services to support all your import trade activities. We provide up to 100% financing of your Import Duty facilitating faster settlement of such duty charges and any other Port Charges. Our flexible facility ensures that you do not pay penalties, demurrage charges, or have your cargo stuck at the port.
This loan product offers a faster way of settling duty charges with Kenya Revenue Authority (KRA) and other port authority charges to avoid paying penalties. Importers of approved goods such as motor vehicles, machine & equipment, food items, clothing and more can take advantage of our financing solution to improve efficiency.
Rental income Loans
Apply for a loan against your paid up property, specifically a title deed or rental income with Jijenge Credit Ltd. Whether bridging a shortfall, releasing equity while awaiting a payment or taking advantage of a time-sensitive financial opportunity, we provide an accessible, flexible and fast solution.
This is an excellent loan product for clients wanting to take advantage of a further property acquisition or other use of cash whilst their current property dormant or is on the market for sale. Clients wanting to use Jijenge Credit Ltd to fund a shortfall on a cash purchase whilst arranging alternate funding can also utilize this product.
Salary Check-off Loans
Jijenge Credit Ltd offers Salary Check-off Loans, unsecured loans to employees for whom the employer has signed a Memorandum of Understanding (MOU) and agreed to make loan repayment deductions directly from the employee’s salary (Check-Off).
This is a convenient option for applicants as repayment is deducted directly from employees’ salary, reducing chances of missing payments to attract penalties. Our salary check-off loans are generally of lower interest rates.
Financial / Business Consultancy
We provide free expert advice and guidance to MSME’s who are our clients to help them manage their business and be able to pay their loans, improve their financial performance, make strategic decisions, and achieve their business goals. We do this by analyzing financial data, identify areas for improvement, and develop customized strategies to enhance efficiency, profitability, and overall business success.
The services may include financial planning, risk management, cost reduction, market analysis, and organizational restructuring. We often work closely with clients to understand their unique challenges and opportunities, providing valuable insights and recommendations to drive sustainable growth and competitiveness.
Insurance Premium Financing
Our insurance Premium financing targets the following areas and more:
- Home or workplace fire accidents and dangers
- Motor vehicle accidents and theft – Commercial or Private.
- Motor vehicle accidents and theft – Commercial or Private..
- WIBA
- Home or office robbery.
- Medical and clinical Insurance
- Life insurance covers
To apply for this loan, the following details and documents are required.
- Original & 2 copies of your title deed.
- Original & 2 copies of your National ID card.
- 2 copies of your KRA pin certificate
- 2 colored passport size photos of you.
- Your 6 month bank & M-pesa statements
- Loan tenure is up to 24 months
Business Loans/Chama Group Loans/Holiday Loans
Our Loan Offerings Include:
- Business Loans: For MSMEs and Corporate Businesses with at least 10 years of operation. Financing to help expand, invest in equipment, and enhance operations.
- Farming Business Loans: Available for tea, coffee, dairy, and poultry farmers. Farmers with insurance coverage can access check-off loans to fund farm growth and operational needs.
- Chama Group Loans: Tailored for Women Groups, Youth Groups, Men Groups, and Self-Help Groups to support group projects, business ventures, and community initiatives.
- Holiday Loans: Secured loans to fund your dream holiday, with flexible repayment options to manage the cost over time.
Educational Institutional Loans
Key Features of School Bus Loan:
- Flexible Loan Amounts: Finance up to 90% of the bus value.
- Competitive Interest Rates: Benefit from favorable interest rates tailored to your financial profile and loan duration.
- Flexible Repayment Terms: Choose repayment periods ranging from 12 to 60 months, accommodating your institution’s cash flow and budget.
- Swift Approval Process: Enjoy a quick and efficient application process to get your school bus on the road promptly.
- Transparent Fees: Clear and upfront fee structure with no hidden costs, aiding in precise financial planning.
Eligible Vehicles:
- New school buses
- Used school buses in good condition
Equipment Loan
Key Features of the Equipment Loan
- Flexible Loan Amounts: Borrow up to 80% of the equipment value.
- Competitive Interest Rates: Enjoy attractive rates tailored to your financial standing and loan terms.
- Flexible Repayment Terms: Choose from repayment plans ranging from 12 to 60 months, depending on your cash flow and goals.
- Quick Approval Process: Benefit from a streamlined application process to access funds promptly.
- No Hidden Fees: Transparent fee structure with no hidden charges, ensuring accurate financial planning.
Eligible Equipment
Construction Equipment:
- Excavators
- Bulldozers
- Cranes
- Loaders
- Concrete Mixers
- Caterpillars
- Dump Trucks
- Lorries
Agricultural Equipment:
- Tractors
- Hatcheries
- Combined Harvesters
- Commercial Sprayers
- Planters
- Harrowing Machines
- Drilling Rigs (Borehole Drillers)
Office Equipment:
- Business Printers
- Copiers and Scanners
- Computers
- Digital Photography Equipment
Whether your focus is infrastructure, farming, or running a professional workspace, Jijenge Credit’s Equipment Loan is tailored to meet your specific needs and help you achieve your goals efficiently.
PSV Loan
Key Features for PSV Loan:
- Flexible Loan Amounts: Finance up to 85% of the vehicle’s value.
- Competitive Interest Rates: Enjoy attractive interest rates tailored to your financial situation and loan terms.
- Flexible Repayment Terms: Choose from a variety of repayment plans ranging from 12 to 48 months, accommodating your cash flow and operational needs.
- Quick Approval Process: Benefit from a streamlined application and approval process to get your PSV on the road promptly.
- Transparent Fees: Clear and upfront fee structure with no hidden costs, helping you manage your finances effectively.
Eligible Vehicles for PSV Loans:
- New and used minibuses
- Vans for public transport
- Other types of public service vehicles
Requirements of PSV Matatu / Tourist service vehicle (TSV) and PSV TAXI logbook loans :-
- Original Logbook
- ID copy
- Kra pin certificate
- Passport photo
- 12 Months mpesa/ bank statement
- TLB
- Sacco letter
- PSV Insurance confirmation letter
- Valuation report for all PSVs
- Digital taxi app or agreement
- Any other document as may be required
Jijenge Credit Contacts
Location
Visit Us On
Physical Location: Nairobi, Kaunda Street, Town house building, 6th floor
Our Branches: JCL Motors Ltd: Next to Ridgeview Garden, Kiambu Road.
P.O Box 9578 -00200 Nairobi
24/7 service
Call Us On
+254 711 282727
+254 791 282 727
Drop a line
Mail Us @
info@jijengecredit.com
Off Hours
Visit Time
ALWAYS OPEN
