Motor Vehicle Logbook Loans

Overview & Purpose

Emergency credit for qualifying customers, secured by the logbook of a vehicle registered in the borrower's name. The borrower retains use of the vehicle while Betasoft holds the logbook as security until the facility is fully settled. The loan amount is based on an independent valuation of the vehicle and the borrower's ability to repay. Eligibility, amount, tenure and total cost remain subject to vehicle valuation, affordability assessment and Betasoft's approved tariff.

Who This Loan Is For

• Salaried employees and business owners facing urgent medical, school-fee, or family emergencies
• Vehicle owners with a clean logbook registered in their own name
• Borrowers needing larger emergency amounts than unsecured salary advances allow

Product Features & Benefits

• Emergency financing secured by your vehicle logbook
• Keep using your vehicle throughout the loan period
• Higher limits than unsecured products, based on vehicle valuation
• Repayment over 3 to 12 months on a reducing-balance basis
• Logbook released promptly once the facility is fully settled
• Disbursement to M-Pesa or bank account after approval

Mandatory Eligibility & Documentation