Together As One is a leading microcredit company in Kenya known for offering innovative financial solutions tailored to the needs of diverse customers. Among its suite of services, Logbook Loans stand out as an essential product designed to provide quick and reliable access to cash.
By using a vehicle’s logbook as collateral, these loans are particularly suitable for individuals with limited or poor credit histories. This article delves into the core aspects of Together As One’s Logbook Loans, covering their features, benefits, and application process.
What is a Logbook Loan?
Logbook Loans are a type of secured loan that allows borrowers to use their vehicle as collateral. This lending solution is ideal for individuals seeking immediate funds without the stringent credit requirements often associated with traditional banking systems.
Together As One ensures a seamless borrowing experience by offering flexible terms and an efficient approval process, making this product highly attractive to many Kenyans.
Key Features
- Loan Amounts: Borrowers can access funds ranging from KES 100,000 KES to 3 million, based on the vehicle’s assessed market value. Typically, the loan amount constitutes 50% to 70% of the vehicle’s forced value, offering significant financial flexibility.
- Repayment Terms: Flexible repayment periods between 6 to 36 months allow borrowers to tailor their payment plans to their financial capacity.
- Interest Rates: Together As One provides competitive and affordable interest rates, ensuring borrowers can manage repayments without undue financial burden. Rates are determined based on individual circumstances and the vehicle’s assessed worth.
Application Process
Applying for a Logbook Loan with Together As One is a simple and efficient process:
- Submit Required Documents: Borrowers need to provide the vehicle’s logbook, valid identification, proof of ownership, and any other requested documentation.
- Vehicle Assessment: We outsource the valuation process to determine the vehicle’s market value, which directly impacts the loan amount.
- Approval and Disbursement: After approval, funds are typically disbursed within a short timeframe, (usually around 6 to 24 hours) ensuring quick access to cash when it is needed most.
This hassle-free process is designed to address urgent financial needs while maintaining customer convenience.
Benefits of Choosing Together As One
- Broader Access to Credit: Together As One caters to borrowers with limited or poor credit histories, ensuring financial inclusivity.
- Confidentiality: Together As One values customer privacy, offering a secure and discreet borrowing experience.
- Financial Empowerment: By leveraging affordable interest rates and flexible terms, the company helps customers manage their finances effectively and seize economic opportunities.
Conclusion
Together As One’s Logbook Loans are a transformative financial product, empowering Kenyans to access funds swiftly and efficiently by using their vehicles as collateral. With transparent terms, flexible repayment options, and a streamlined application process, these loans provide a practical solution for addressing both personal and business financial needs.
As a trusted partner in economic growth, Together As One continues to foster financial empowerment and resilience in the communities it serves. Feel free to reach us on 0727 217 159 for more information.