Logbook loans are emerging as a popular alternative lending solution in Kenya, offering quick access to financing for car owners. These secured loans allow individuals to borrow money using their vehicle as collateral while still retaining its possession and use.

• Logbook loans typically offer between 60 and 80 percent of a car's appraised value, with some loans approved in as little as six hours.
• Financial expert Levis Otieno highlights the speed of disbursement as a major advantage, empowering clients without unnecessary bureaucracy.
• While offering flexibility and quick access, these loans carry risks like vehicle repossession for non-payment and potentially higher interest rates compared to traditional institutions regulated by the Central Bank of Kenya (CBK).