5 Myths About Logbook Loans in Kenya (and the Truth)

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5 Myths About Logbook Loans in Kenya (and the Truth)

🧠 5 Myths About Logbook Loans in Kenya (and the Truth)

Many car owners in Kenya avoid logbook loans due to misinformation. Today, let’s bust some common myths about logbook loans and show how Mogo Kenya offers a transparent and reliable way to access fast cash.

Logbook loan myths Kenya

❌ Myth 1: You Lose Your Car Immediately

✅ Truth: With Mogo, you keep driving your car during the loan period. You only hand over the logbook for registration security. The car stays with you!

❌ Myth 2: Logbook Loans Are Only for Business People

✅ Truth: Anyone with a fully paid car and valid documents can apply. Whether you're a salaried employee, small business owner, or farmer — Mogo can help.

❌ Myth 3: It Takes Many Days to Get Approved

✅ Truth: Mogo offers same-day or next-day approval. You can walk in with your documents and drive out with cash in 24 hours!

❌ Myth 4: It's Full of Hidden Charges

✅ Truth: Mogo is licensed and regulated. The loan agreement is clear and transparent. No hidden fees if you ask questions and understand your contract.

❌ Myth 5: My Car Has to Be Very New

✅ Truth: Even older cars can qualify, as long as they’re roadworthy and legally owned. Don’t assume — check with an agent first.

📞 Want to Apply or Ask Questions?

I’m here to help! Use my agent code FB01 for direct assistance and fast processing.

WhatsApp: 0717 423 659

💬 Final Word

Logbook loans are a powerful way to get emergency funds without selling your car. Don’t let myths stop you from getting the help you need. Mogo Kenya has helped thousands of Kenyans grow their businesses and handle life emergencies.

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