Asset Secured Loans (Logbook Loans)

Unlock the value of your vehicle.

Asset Secured Loans allow individuals and businesses to use their motor vehicles to access financing for personal or business needs. You continue using your vehicle while accessing funding, subject to agreed security arrangements.

This facility enables you to access higher loan amounts with flexible repayment terms.

Who Can Apply

You can apply if:

• You own a motor vehicle (personal or company owned)
• You are a business owner, or
• You are a salaried employee in the private sector
• You have a valid National ID
• You can demonstrate income or cash flow

What You Can Use the Loan For

This loan can be used for:

• Business expansion
• Equipment purchase
• Stock financing
• Commercial investments
• Personal investments

Security Requirement

This loan must be secured by a motor vehicle.

Required Documentation

For Business Clients

• National ID
• Vehicle Logbook (Personal or Company Name)
• Business records / proof of business
• 2 guarantors
• Mobile Money or Bank Statements (cash flow)
• Guarantor(s) required

For Salaried Clients (Private Sector)

• National ID
• Vehicle Logbook (Personal or Company Name)
• Employment confirmation letter or contract
• Proof of salary payments (Bank or Mobile Money Statements)

Additional Requirements (All Clients)

• Professional vehicle valuation
• Tracking and insurance (where applicable)

Loan Terms

• Minimum Amount: UGX 1,000,000
• Maximum Amount: UGX 50,000,000
• Loan Term: 6 to 36 months

Repayment

Repayment is made in monthly installments over the selected loan term.

Why Choose This Loan

• Access higher loan amounts using your vehicle
• Continue using your vehicle during the loan period
• Available for both business owners and salaried individuals
• Flexible repayment terms