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Motor Asset Logbook Finance

Product terms, pricing, eligibility, disbursement, repayment, documentation, and immutable version audit.

ASSET-MOTOR-LOGBOOK / v2.0

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Product header

active

Code

ASSET-MOTOR-LOGBOOK

Class

asset

Status

active

Version

v2.0

Name: Motor Asset Logbook Finance
Owner: Asset finance products
Approval route: Asset finance credit committee
Term sheet: CBK/TS/ASSET-MOTOR-LOGBOOK/2026-02

Pricing config

reducing

Nominal rate

19.25%

APR

11.53%

EIR

22.93%

TCC

Ksh 518,757

34.58%

Rate bands by risk tier

Risk tier	Score range	Nominal rate %	CBK cap check
A	Low LTV, verified income	16.00%	within
B	Standard LTV	19.25%	within
C	High LTV	24.00%	watch
D	Exception route	29.50%	hold

APR/TCC disclosure

Representative amount: Ksh 1,500,000
Representative tenor: 36 months
Total fees: Ksh 32,500
Total repayable: Ksh 2,018,757
Flat-to-EIR conversion: 22.93%

Fee schedule

Fee	Basis	Value	Timing	Disclosure
Facility fee	percent	2.00%	origination	Capitalised only after customer acceptance.
Logbook custody	fixed	Ksh 2,500	origination	Third-party custody and registry administration.

Eligibility rules

Min/max age: 23 - 70
Employment-status: Salaried, business owner, or fleet operator
CRB-score-minimum: 610
Daftari-depth-minimum: Six months verified cash flow
Chama-standing: No unresolved guarantor exposure
Geographic-restrictions: Kenya with collateral inspection coverage

Disbursement config

Channel: Branch collateral desk
M-Pesa B2C vs bank transfer: bank transfer
Same-day vs next-day: next-day
Settlement-bank: Stanbic Bank Kenya - Situ asset finance 018

Repayment config

Method: annuity
Day-count convention: Actual/365
Grace-period: 5 days
Early-settlement-fee %: 1.50%

Documentation checklist

6 required docs

National IDKRA PINLog-bookComprehensive insuranceValuation reportIncome evidence

Version history

immutable audit log

Version	Effective date	Change notes	Approved by
v2.0	2026-02-27	Aligned collateral custody, insurance assignment, and early settlement fee.	Asset finance credit committee
v1.6	2025-09-05	Updated repossession conduct checklist.	Conduct risk committee