Logbook loans, instant decisions cuj loans loans from. Logbook loans in kenya genuine providers in 2020 urban. Services include checking and savings accounts, auto and home loans, and more. In case of loss, illness, or disability your payments will always be made. Drive up, atm, online, and mobile banking is also available. Meridian acceptance limited nairobi, kenya contact. But did you know you can also get motorbike logbook loans. Logbook loans are loans secured using your vehicles logbook. By filling in the form below, we will match you with the best and cheapest secured auto logbook loans provider in kenya. Starting the application process for a motorbike logbook loan. We have everything you need chequing and saving accounts, registered savings plans, mortgages, loans, and more. Will better the interest rate of any other logbook loan company just show us a written quote. Meridian acceptances kenya auto logbook loans 2016. We can help lower your interest rate, payment or both by refinancing your current auto loan at another lender with meridian credit union.
Logbook loans work when a vehicle owner and a logbook loan provider agree to a loan amount that is equal or less than the value of the vehicle. It allows you to unlock the value in your vehicle without having to sell it. Meridian acceptances limited gives loans to individuals with logbooks, the amount of money we give varies depending on the value of the car. At meridian group we aim to provide quick loans at affordable interest rates. Logbook cartel continues to thrive despite rigirous reforms daily. Once the loan is disbursed, the logbook is kept by samchi credit limited and is transferred back upon repayment of the loan. Visit mountain america credit unions meridian branch at 55 e franklin rd, meridian, idaho for your banking needs. Fca needs to take action on logbook loans urgently debt. Both parties will sign a credit agreement which will show that both parties agree that the temporary owner of the car, is the lender. The logbook loan lender is given ownership of your car until you fully pay back the loan, although the lender owns the vehicle, you can. The lender holds on to your v5 logbook for the duration of the loan, but you get to keep in driving it as normal. Meridia community credit union is not responsible for the content or availability of linked sites. Logbook loans are loans that are secured against your vehicle.
Car logbook loans are great solutions for quick cash, and they are fairly easy to obtain since your logbook acts as collateral for the loan. A logbook loan is a loan secured against any vehicle, for example getting a loan against your car. Logbook loans have been described by the head of citizens advice as a toxic mix of the worst part of payday loans and unruly bailiffs. During the period of the loan, the logbook loan company holds the title to your car until it has been repaid. Meridian credit union offers great rates and amazing service to our valued members.
Armed with a car logbook its now pretty easy to get a loan from. We give 60% of the value of your car, you get your money in. The fca now needs to act to control this dangerous form of highcost lending by. The amount that you can borrow will depend on how much your car is worth, with some lenders offering loans. Logbook loans lbl is a form of financing, whereby the loan advanced is secured against the borrowers motor vehicle. We are a microfinance institution that gives auto logbook loans within 12 hrs. Apply for log book loans here, other available loans include asset finance, import finance, cheque discounting, lpo financing, advance salary loan main office 0709 147 000. A logbook loan is a loan secured against your vehicle. View park towers anniversary towers, and lavington.
You are able to get from 100,000 to 1,000,000 kes within 24 hours and retain the right to continue driving the car. You can now borrow up to 50% the value of your car. Clear, transparent information on the site before you apply, one of the lowest aprs arpund for log book loans, simple application process and a. Meridian acceptance limited loans loan application. Excellent customer service, received funds within 24 hours. The vehicle is used as a secured asset by the lender to give additional security against the loan. We are happy for you to use them as collateral for a logbook loan. Due to the ongoing coronavirus pandemic and the governments social distancing instructions to help reduce the spread of the virus, we have decided to temporarily halt the provision of logbook loans. Auto logbook loans ngao credit offers quick loans against motor vehicles.
Loans against logbook lenders in kenya tuko kenya online. The range of the loan amount that can be borrowed is from kshs. At meridian acceptances logbook loans are their specialty. Logbook loans see the cashlady for you logbook loan options. Logbook loans are designed as a finance solution for those with bad credit.
Modern motorcycles can cost as much or more than a small car. You can borrow up to 60% of the value of your car in 6 hrs and repay within a period of up to 20 months. With creditor insurance, you can feel secure knowing that you are protected. We can help lower your interest rate, payment or both by refinancing your current auto loan at another lender with meridian credit. We can lend up to kes 5,000,000 to help you unlock trapped cash in your car within 24 hours to help meet your personal and business financial needs without selling your car.
We also understand that personal hardships can have a devastating. The lender gives up to 50% of the market value of your car. At meridian buyers group, we understand the complex financial hurdles and daytoday challenges facing independent auto dealerships. Logbook loan get a same day logbook loan from loans 2 go. For urgent funding and emergency needs, covering medical emergency or even paying school fee, meridian acceptances limited is the company to visit, this asset refinancing company offers micro loans secured on motor vehicle logbooks meridian. Loan against car same day money varooma logbook loans. Please be advised that meridia community credit union does not represent either the third party or you, the. You can get a loan from meridian on your motor vehicle log book in just 24 hours. Give loan sharks your logbook, but beware nairobi news. Are the best rated logbook loan company, with a rating of 9. What is logbook loan what is logbook loans what is. The lender gives up to 50% the market value of your car.
Capital auto loan 439 e shore dr ste 100, eagle, id 83616. Theyre a controversial form of raising shortterm finance, where borrowers hand over the v5 logbook of their car to a lender in exchange for a loan. Logbook loans cash logbook loans secured against all. Auto motorcycle boat loans when you are planning to purchase a new or used vehicle, contact meridian credit union first. Logbook loans are usually offered in the form of a cheque although sometimes in cash, which may come with fees. We are an asset refinancing company offering micro loans secured on motor vehicle logbook. These loans are typically processed in approximately 24hrs. Meridian acceptances has three branch outlets located at anniversary towers,view park towers and lavington in nairobi city. Logbook loans apply for cash loans secured against car. Logbook and business loans take about 24hrs to process while title deed. Year of manufacture for your is not an issue we base the lending on the condition of your car 6. They best serve clients who require urgent funding for such emergent needs as. Our logbook loans comes in handy for businesses andor individuals. Introduction to the product the autolog book loan is a loan that is secured against the value of your car.
Visit our website ke or call us today on 0703769387 or 0718307769 to get a quick logbook loan. Meridian acceptances specialises in accepting car logbooks as collateral against loans borrowed from them. They best serve clients who require urgent funding for such emergent needs as completing a business transaction, covering a medical emergency or even paying school fees. You can visit any of their three offices in nairobi.
Call us today on 0703769387 or visit our website ke for quick logbook loans. The reason they are called logbook loans is that the logbook your vehicle registration certificate, also known as your v5 is taken by the lender for duration of the loan. Meridian acceptance limited is an asset refinancing company offering micro loans secured on motor vehicle logbooks. Log book loans are secured against your car and available anywhere in the uk. The financial institution provides urgent loans with motor vehicle. In order for you to pledge your car, business or land, certain documents need to be. Whether youre looking for debt consolidation, 2 a way to take care of emergencies or funds to tackle home improvement projects, a personal loan can help you meet lifes challenges and plan for the future. Logbook loans are loans secured against your vehicle.
The government has dropped its plans to reform the victorian statutes that govern logbook loans. The finance team at kendall ford of meridian can help you secure a ford auto loan or used car. When you are planning to purchase a new or used vehicle, contact meridian credit union first. Time for that new car smell buying a new car is excitingwhether its brand new or just new to you. Meridian offers creditor insurance for loans and lines of credit just in case the unexpected happens. Borrowers will lose loyalty discount if they fail to meet qualifications during loan term. The finance team at kendall ford of meridian can help you secure a ford auto loan or used car financing near boise. Meridian acceptances limited is a company that deals with loans it gives loans on autologbooks. Here the list of leading logbook loan lenders meridian acceptances limited. One can get a top up despite having not cleared the loan in full so long us they have been repaying their loans.