Mogo Car Logbook Loan
Pros
- +Borrow up to 70% of vehicle value
- +Keep driving your car
- +Quick approval (same day)
- +No salary slips required
Compare Mogo Car Logbook Loan and ABSA Personal Loan side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best personal loans for you.
| Feature | Mogo Car Logbook Loan Mogo Kenya | ABSA Personal Loan ABSA Bank Kenya |
|---|---|---|
| Interest Rate | 2.5% - 4% p.a. Best Rate | 14% - 16.5% p.a. |
| Loan Amount Range | KES 50,000 - KES 5,000,000 | KES 50,000 - KES 10,000,000 |
| Repayment Period | 3 - 36 months | 12 - 72 months |
| Fees | Processing: 4% | Processing: 2.5%% Lowest Fees |
| Key Features |
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| View Details & Apply | View Details & Apply |
Mogo Car Logbook Loan offers a more competitive interest rate starting at 2.5% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. Mogo Car Logbook Loan from Mogo Kenya may be better for Borrow up to 70% of vehicle value, while ABSA Personal Loan from ABSA Bank Kenya excels at Loan amounts up to KES 10 million.
Mogo Car Logbook Loan from Mogo Kenya offers rates from 2.5% p.a. with loan amounts up to KES 5,000,000. ABSA Personal Loan from ABSA Bank Kenya offers rates from 14% p.a. with loan amounts up to KES 10,000,000. Compare features, fees, and eligibility requirements above.
Approval times vary: Mogo Car Logbook Loan typically takes 24-48 hours, while ABSA Personal Loan processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many personal loans are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.