Loan Products – Sambax Finance

Log Book Loans

Unlock the value of your vehicle with our Log Book Loans. Use your car as collateral to secure a loan while still driving it. Perfect for those who need a significant amount of money quickly. The minimum loan amount for this loan is 3 million. The minimum loan period is 3 months. Sambax Finance does not park vehicles of clients who take a log book loan but a caveat is placed on the log book. A client can clear the loan fully at any time without being charged any early settlement fees.

Requirements

• Copy of National ID.
• Copy of Logbook in the applicant's name.
• Mechanical inspection report by our mechanic.
• Placement of a caveat on the Log book in favor of Sambax Finance.
• Placement of a tracker in the vehicle for the loan duration.
• Current Six (6) months Bank Statement or Mobile Money Statement.
• Proof of Income.
• 2 Coloured Passport Photos
• Two credible guarantors plus signed photocopies of their identifications

Charges involved in processing this loan

• Mechanical Inspection – 20,000
• Placement of Caveat – 120,000
• Placement of tracker – 200,000
• Vehicle Log book search - 22,000

Pay Day Loans

Get immediate financial relief with our Pay Day Loans. Ideal for covering urgent expenses before your next paycheck arrives. Our fast approval process ensures you get the money you need when you need it most.

Requirements

• Copy of valid National ID or passport.
• Employee Contract or Appointment letter.
• Confirmation letter.
• Personal Guarantees.
• Payment Day cheques.
• Current Six (6) months Bank Statement or Mobile Money Statement and Payslip.
• 2 Coloured Passport Photos

Land Title Loans

Utilize the value of your land with our Land Title Loans. Secure a substantial loan amount by using your land title as collateral. This option is suitable for those needing large sums for investments, business expansion, or personal projects.

Requirements

• Copy of valid National ID or passport.
• Original Land title.
• The land title has to be in the names of the customer
• Land search report from land registry
• Comprehensive land valuation report by an authorized Land surveyor
• Current Six (6) months Bank Statement or Mobile Money Statement
• 2 Coloured Passport Photos
• Two credible guarantors plus signed photocopies of their identifications

Kibanja Land Loans

We understand that you can have that piece of land which is not titled, yet you need financing to grow your business. You can use your kibanja or plot agreement to secure a loan from Sambax Finance!

Requirements

• Copy of valid National ID or passport.
• Original Land/Kibanja agreement
• Photo Copy of original land agreement certified by area LC1 chairperson.
• Letter of Introduction from area LC1 chairperson
• Current Six (6) months Bank Statement or Mobile Money Statement
• 2 Passport Photos
• Collateral agreement, signed and stamped by area LC1 chairperson
• 2 Coloured Passport Photos
• Two credible guarantors plus signed photocopies of their identifications