Loan Buy-Offs & Consolidation
Simplify Your Finances with a Single, Affordable Loan
Overwhelmed by Multiple Loans? Simplify Your Finances.
Juggling multiple loans from different lenders can be stressful and expensive. Our loan buy-off service allows you to consolidate your existing debts into one manageable loan with us. This can lead to a more favorable interest rate, a single monthly payment, and a clearer path to financial freedom.
Consolidate My LoansBenefits of Consolidating Your Loans
- Consolidate multiple loans into one
- Loan amounts from KSh 100,000 to KSh 5,000,000
- Potentially lower interest rates from 2.5% to 7%
- Simplified single monthly repayment
- Flexible repayment terms from 9 to 36 months
- No CRB checks required
- Improve your credit profile
- Free up your cash flow
How a Loan Buy-Off Creates Opportunity: Real Scenarios
The Debt Juggler
The Opportunity
Situation: An individual has a logbook loan, a personal bank loan, and a SACCO loan, each with different payment dates and high interest rates.
Challenge: Managing multiple payments is stressful, and the combined interest is eating into their monthly income, making it hard to save.
Debt Consolidation
Action: We buy off all three loans and consolidate them into a single loan with a lower overall interest rate and one predictable monthly payment.
Result: They now have only one affordable payment, reduced financial stress, and an extra KSh 15,000 in disposable income each month.
The High-Interest Rate Trap
The Opportunity
Situation: A business owner took out a quick logbook loan from another lender with a high interest rate of 12% per month to cover an emergency.
Challenge: The steep monthly repayments are crippling the business's cash flow, preventing them from investing in new stock.
Strategic Refinancing
Action: We pay off the expensive loan and offer them a new loan at our competitive rate of 4%, significantly reducing their monthly obligation.
Result: Their monthly repayment amount is cut by more than half, freeing up vital cash for operations and allowing them to restock and grow.
The Refinance & Top-Up
The Opportunity
Situation: A client has been diligently paying a logbook loan for a year and has built up significant equity. They now need additional funds for a new project.
Challenge: Their current lender has a slow and complicated process for refinancing or providing a loan top-up.
Equity Release & Top-Up
Action: We buy off the existing loan balance and provide them with an additional cash top-up based on their car's current value and their good repayment history.
Result: They get the extra funds they need quickly for their new project and continue with a single, restructured loan that is easy to manage.
What You'll Need
To initiate a loan buy-off, please prepare the following documents. This ensures a smooth and fast assessment process.
Application Requirements
- Certified and verified current vehicle logbook (must be at least 6 months old)
- Discharge/release letter from the other institution
- Copy of joint transfer form (e.g., Together As One & Client)
- Loan statements for the loan being bought off
- Copy of your National ID & KRA PIN
- Six months of bank or M-Pesa statements
- Comprehensive Insurance Cover (for loans above KSh 500,000)
Our 3-Step Buy-Off Process
Submit Your Loan Details
Provide us with the statements and details of your existing loan(s).
Receive Our Offer
We assess your situation and provide a competitive consolidation offer.
We Settle & Consolidate
We pay off your old lender(s) and you begin a single, simple repayment plan with us.
Frequently Asked Questions
Take Control of Your Finances
Ready to simplify your debt and improve your cash flow? Let's explore how a loan buy-off can work for you.
Inquire About a Loan Buy-OffContact Us
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