This is a list of Mwananchi Credit loan products and contacts. Mwananchi Credit is the leading provider of logbook loans and other secured emergency loans in Kenya.
It began trading as Mwananchi Microlink Ltd on April 15, 2010. On January 10, 2012, it formally changed its name to Mwananchi Credit Ltd.
Mwananchi Credit Loan Products comprise logbook loans and a variety of other financial alternatives. Below is a comprehensive list of Mwananchi credit loan products.
Mwananchi Credit Loan Products In Kenya
1. Logbook Loans
Mwananchi Credit offers affordable loans secured by the borrower’s logbook. You can unlock fast cash of up to 80% of your car’s value. They also have low 3% Interest and a flexible repayment plan.
Read How to get Mwananchi Credit Logbook Loan
2. Title Deed Lending
This involves rendering loans secured by your land/property available to you. Their title deed loans are processed in less than two weeks and can be repaid in three to twelve months. The APR might be as low as 36%.(3% monthly).
3. Automobile Financing
They give you a car, you drive it, and you pay for it later in manageable installments. With a monthly interest rate of about 2%, this is the cheapest loan choice. It is structured similarly to a logbook loan once obtained.
4. Import Finance
If you’re financing something, don’t let your products accumulate severe demurrage charges at the port. Mwananchi Credit will pay the charges for you, and you can pay them off later.
5. Cheque Discount
If you have a current or post-dated cheque from a respectable institution, Mwananchi Credit will provide you cash within 7 minutes.
6. Salary Checkoff Loans
Teachers employed by the Teachers Service Commission, police officers employed by the National Police Service, and government health employees are eligible for the loans.