Faq

Question & Answers

Who is eligible for a logbook loan?
Any person, with a legal source of income, and a registered logbook
How much can one borrow?
Up to 50% of the vehicle’s forced value, in consideration of net monthly cash flows and up to a maximum of KES 2,000,000.
Is there a limit to the age of the car?
Yes. The car’s date of manufacture must not exceed 15 years.
What are the charges for this facility?
Processing fees, Insurance fees and chattels fees, which are deducted from the loan approved; Monthly tracking charges are capitalized as part of the loan repayment
 
What is the tenure of the facility?
Up to 12 months
Does the borrower need to open an account with Rosky?
No. The customer is required to have a regular bank account to draw post-dated cheques for loan repayment
Are there any restrictions, in regards to location?
No, we serve all clients within the republic of Kenya.
How much is valuation fees?
Kes3,500
How is the Loan Repaid?
Monthly installments through post-dated cheques or via Mpesa through our paybill no. 
What if the customer has their own Valuation?
The report will only be accepted if the valuation company is on our panel of authorized valuers.
What if the car already has a tracker installed?
We shall need to install an additional tracker, from one of our authorized tracking companies.
What is the tenure of the facility?
Up to 12 months
Does the borrower need to open an account with Rosky?
No. The customer is required to have a regular bank account to draw post-dated cheques for loan repayment
Are there any restrictions, in regards to location?
No, we serve all clients within the republic of Kenya.
How much is valuation fees?
Kes3,500
How is the Loan Repaid?
Monthly installments through post-dated cheques or via Mpesa through our paybill no. 
What if the customer has their own Valuation?
After all the relevant documents have been submitted
When does the 24 hours start?
We shall need to install an additional tracker, from one of our authorized tracking companies.
Are there early repayment penalties?
No, we waive interest for the remaining period.

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We pride ourselves in offering financial solutions to our clients in the shortest time possible at a competitive rate

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