Mogo Vehicle Finance
Mogo Kenya
Last updated: April 16, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
15% - 24% p.a.
Loan Amount
Ksh 30,000 - Ksh 5,000,000
Approval Time
24-72 hours
Processing Fee
3% of loan amount%
Rating Breakdown
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Total: 0 Reviews
Pros & Cons
Pros
- Covers full range of vehicles (tuk-tuks to matatus)
- Longer tenure than peer digital lenders (60 months)
- Logbook refinancing available
- Insurance and GPS bundled
- Fast approval (24-72 hours)
Cons
- Top-end rates hit 24% p.a.
- 3% processing fee is steep
- Daily late penalty of KES 500
- GPS tracking required on all financed vehicles
Customer Reviews
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Product Details
Features
- Full vehicle lineup: tuk-tuks, motorbikes, cars, matatus
- Tenure up to 60 months (longer than peer digital lenders)
- Refinancing with logbook accepted
- Insurance and GPS tracking bundled
- Fast approval (24-72 hours)
- Dealer partnerships for new and used vehicles
- Mobile app and USSD access
Eligibility Requirements
Age: 18 - 65 years
Min Income: Ksh 25,000/month
Employment: Boda boda rider, Tuk-tuk operator, Taxi driver, SME owner, Self-employed, Salaried employee
Required Documents
- National ID
- M-Pesa statements (3-6 months)
- Proof of income or business
- Proforma invoice or logbook (for refinance)
- 2 guarantors
- Driving licence (for riders/drivers)
Repayment Options
M-Pesa PaybillMogo mobile appUSSDBank transfer
Ready to Apply?
Get started with Mogo Vehicle Finance today. Fast approval and competitive rates.
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