FAQs

Got questions? See our car loan FAQs

A logbook loan is a secured loan where you use your vehicle logbook as collateral to access cash. You continue using your car while the lender temporarily holds the logbook until the loan is fully repaid.

A car logbook loan is a type of logbook loan specifically secured against a motor vehicle. The loan amount is based on the value of your car, and ownership remains with you during the loan period.

With logbook loans in Uganda, you submit your vehicle details for valuation, sign a loan agreement, and receive cash often on the same day. The logbook is held as security, but you keep driving your car.

A quick logbook loan can be approved within a few hours once your documents and vehicle assessment are completed. In most cases, funds are disbursed the same day.

The amount you can borrow through a logbook loan depends on:

  • Vehicle make and model
  • Year of manufacture
  • Market value
  • Vehicle condition

Most lenders offer a percentage of the car’s current value.

Yes. With a car logbook loan, you continue using your car as usual. Only the logbook is held as
collateral during the loan period.

To qualify for logbook loans in Uganda, you generally need:

  • Original vehicle logbook in your name.
  • Valid National ID & passport photo.
  • Active comprehensive insurance.
  • Verifiable income

Yes. Many clients use car logbook loans for vehicles used in business, including taxis and delivery vehicles, as long as the car meets valuation and documentation requirements.

If you fail to repay a logbook loan, the lender has the right to repossess the vehicle to recover the outstanding balance. This is why timely repayment is important.

Yes, logbook loans in Uganda are safe when taken from a registered and transparent lender. Always ensure loan terms, interest rates, and repayment schedules are clearly explained before signing.

You can apply for a quick logbook loan by submitting your vehicle details, identification, and insurance information online or at the lender’s office. Approval is usually completed within the same day.

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