Ngao Credit is a non-deposit-taking microfinance institution established in 2009. It offers various financial products, including logbook loans, business loans, asset financing, import financing, trade financing, and insurance premium financing.
Ngao Credit Products
1. Logbook Loan
- Borrow up to 60% of the car’s value, between Ksh 100,000 and Ksh 5,000,000.
- Loan processing time: 6 hours or less.
- Interest: 3.5% per month.
- Repayment period: 24 months.
Requirements:
- Original vehicle logbook, PIN, and ID.
- Comprehensive car insurance.
- Post-dated cheques.
- Latest 12 months’ bank statements.
2. Mobi Loan
- A top-up logbook loan for existing customers.
- Borrow up to 60% of the car’s value, with a maximum loan of Ksh 300,000.
- Repayment period: 3 months.
Requirements:
- Original vehicle logbook, PIN, and ID.
- Comprehensive car insurance.
- Post-dated cheques.
3. Jijenge Business Loan
- Tailored for SMEs and customers with contracts.
- Borrow up to 60% of the car’s value, between Ksh 100,000 and Ksh 5,000,000.
- Loan processing time: 6 hours or less.
- Repayment period: 3 months.
Requirements:
- Original vehicle logbook, PIN, and ID.
- Comprehensive car insurance.
- Post-dated cheques.
4. Loan Against Shares
- Use NSE-listed shares as security.
- Borrow up to 60% of the market value of shares, between Ksh 10,000 and Ksh 5,000,000.
- Loan processing time: 2 hours or less.
- Repayment period: 12 months.
Requirements:
- Active CDS account.
- Original National ID and PIN.
5. Asset Finance
- Financing for vehicle purchases, including showroom and used cars.
- Up to 70% financing with a repayment period of 36 months.
Requirements:
- Proforma invoice from the dealer.
- Original PIN and National ID.
- Latest 12 months’ bank statements.
- Comprehensive car insurance.
6. Import Finance
- Financing to import vehicles from overseas (e.g., Japan or the UK).
- Covers 70% of the total cost.
- Repayment period: 36 months.
Requirements:
- Proforma invoice and importation documents.
- Original PIN and National ID.
- Latest 6 months’ bank statements.
- 30% deposit.
7. Trade Finance
- Tailored for SMEs to finance tenders, contracts, or restock goods.
- Borrow up to Ksh 5 million.
- Repayment period: 30 days.
8. Insurance Premium Finance
- Covers 100% of insurance premiums.
- Repayment period: up to 6 months.
- Interest rate: 2%.
Ngao Credit Branches and Contacts
1. Head Office
- Location: Morning Side Office Park, 4th Floor, Ngong Road, Nairobi.
- Phone: 0709 650 000
- Email: [email protected]
2. Upperhill Branch
- Location: NHIF Building, 2nd Floor, Community, Nairobi.
- Contact: 0709 650 100
3. Nairobi CBD Branch
- Location: Ecobank Towers, 6th Floor, Muindi Mbingu Street.
- Contact: 0709 650 200
4. Mombasa Branch
- Location: Jubilee Arcade, 2nd Floor, Moi Avenue.
- Contact: 0709 650 300
5. Nakuru Branch
- Location: Baraka Plaza, 1st Floor, Kenyatta Avenue.
- Contact: 0709 650 400
6. Eldoret Branch
- Location: Zion Mall, 1st Floor, Uganda Road.
- Contact: 0709 650 500
7. Kitengela Branch
- Location: Kitengela Mall, 3rd Floor, Kajiado-Kaputei North Road.
- Contact: 0709 650 600
8. Thika Branch
- Location: Maisha Heights, 1st Floor, Kenyatta Avenue.
- Contact: 0709 650 700
9. Kisumu Branch
- Location: Tuffoam Mall, Ground Floor, Achieng’ Aneko Road.
- Contact: 0709 650 800
10. Meru Branch
- Location: Royal Business Park, 5th Floor, Meru.
- Contact: 0709 650 900
For additional details about Ngao Credit products or services, visit any of their branches or contact the head office.
