Phoenix Capital Ltd is a Kenyan non-deposit Micro Finance lending firm that has been delivering customized services to clients throughout Kenya since 2012. Their main line of business is to provide loans and financial services to those with middle incomes, Including Phoenix Capital Logbook Loan.
The company provides formally employed persons and business owners with ethical and creative services. They have a dual bottom-line goal as a financial organization: fulfilling a clear social mission and financial viability.
They are prepared to meet all of their clients’ needs, no matter how complex because they are a qualified organization with extensive knowledge. Whether you need help on a corporate or personal level, the team is here to help.
Among their outstanding loan products is the Phoenix Capital Logbook Loan, which is offered to people who own cars and are secured by their logbooks.
This article will enlighten you on how to access a phoenix capital logbook loan, highlighting loan terms and repayment procedures.
How to get a Logbook Loan from Phoenix Capital
A logbook loan is a sort of loan that is secured by the use of a car as collateral. Phoenix logbook loans are great for people wishing to expand their business or deal with financial problems.
Phoenix Capital provides logbook loans of up to 70% of your car’s worth, allowing you to earn cash in as little as 2 hours. These loans, like other secured loans, come with a fixed interest rate based on the repayment schedule and amount borrowed. A logbook loan is preferable to other secured loans since it allows you to keep driving your vehicle until the debt is repaid.
Who is Eligible to apply?
Our logbook loans are available to car owners who possess original logbooks. You can get up to 70% of your car’s value when you apply for a logbook loan. This is because the car secures the debt granted while considering the vehicle’s depreciation value over time.
Eligibility Criteria
Loan Terms
Phoenix Capital will extend your existing logbook loan repayment period for up to 24 months. You can, however, select your desired repayment period within the timeframe to repay the principal amount plus interest rates. Borrowers can also pay off their debts before the grace period expires without suffering any penalties.
Logbook loans differ depending on the car model, year of manufacture, and make, and provide borrowers with access to large sums of money. Notably, they offer logbook loan sums ranging from Ksh 50,000 to Ksh 2,000,000.