Ngao Credit Ltd , a non-deposit lending institution gives quick loans to Kenyans against Logbooks of their motor vehicles.
Ngao Credit can give Autologbook loans up to 5 million within six hours.
Interest rate for logbook loan is 3.5% for up to 2 years repayment period.
Valuation fees – ksh 4000
Processing fees – 4% of the loan amount
Insurance fees – 1% of the loan amount
Search – ksh 2000
Tracking fees – ksh 4000
Transfer fees – ksh 3675
