While logbook loans are great, they are not a fit for everyone. Before you take logbook loans, carefully assess your financial situation and make sure you have a solid plan to repay the loan on time.
Logbook loans are a popular financing option in Kenya. However, customers default on loans even if they have the best intentions. This article will address mistakes people make as well as the best path to follow.
This comprehensive market report explores the dynamics of logbook loans, their definition, statistics, application steps, key requirements, benefits, drawbacks, renegotiation options, and strategies for managing repayment challenges.
Buyoff logbook loans are loans whereby a customer seeks a financier to buy his debt from their old lender. It is important to assess the pros and cons of a buyoff logbook loan because one may default and lose their vehicle.