Mogo, East Africa’s leading asset financier, is making waves in Kenya’s car logbook loan sector with its groundbreaking Best Price Guarantee. This customer-focused initiative demonstrates the company’s commitment to providing transparent and affordable financing solutions that stand out in the market.
What sets Mogo apart is its streamlined approach. While traditional lenders often burden borrowers with high interest rates and complicated requirements, Mogo simplifies the process with quick approvals, flexible repayment options, and complete fee transparency. The application requires just three basic documents – a valid logbook, national ID, and KRA PIN – with funds typically reaching borrowers’ accounts the same day.
Branton Mutea, Mogo Kenya’s Deputy Country Manager, explains their competitive edge: “As a CBK-regulated lender, we’ve structured our services to offer genuinely affordable rates. Our customers consistently pay less than they would with other non-deposit-taking credit providers.”
The company’s digital-first strategy enhances customer convenience through an intuitive online platform. Borrowers can complete the entire process – from application to contract signing and fund disbursement – without unnecessary paperwork. This efficiency meets growing demand from Kenyans seeking fast financial solutions for emergencies, business needs, or personal projects.
Recent industry reports confirm a significant shift in Kenya’s lending landscape. The 2023 Kenya Financial Sector Stability Report documents declining microfinance bank operations, while non-deposit-taking lenders like Mogo continue gaining market share. Through lean operations and innovative credit assessment methods, Mogo has positioned itself at the forefront of this transformation.
With an expanding network of branches across the country, Mogo ensures its services remain accessible nationwide. By combining competitive rates, technological innovation, and customer-centric policies, the company is setting new standards in logbook financing. The Best Price Guarantee initiative reinforces Mogo’s reputation as Kenya’s most reliable and affordable option for car owners seeking loans against their vehicles.
