• Finance
  • Make Money Online
  • Mobile Phones
  • Reviews
  • Insurance
  • Life Hacks
  • Loan Apps
  • Laptops
  • Mobile Phones
Techpawa
No Result
View All Result
  • Home
  • Business
  • Investments
    • Construction
    • Cryptocurrency
    • Forex
    • Money Market Funds
    • Real Estate
    • Saccos
    • Shares
    • Stocks
  • Loan Apps
  • Finance
    • Banking
    • Insurance
    • Loan Apps
    • Make Money Online
  • Guides
  • Education
  • Reviews
  • Health
  • Hosting
  • Gadgets
    • Laptops
    • Mobile Phones
    • Tablets
  • Technology
  • Make Money Online
  • Contact us
  • Home
  • Business
  • Investments
    • Construction
    • Cryptocurrency
    • Forex
    • Money Market Funds
    • Real Estate
    • Saccos
    • Shares
    • Stocks
  • Loan Apps
  • Finance
    • Banking
    • Insurance
    • Loan Apps
    • Make Money Online
  • Guides
  • Education
  • Reviews
  • Health
  • Hosting
  • Gadgets
    • Laptops
    • Mobile Phones
    • Tablets
  • Technology
  • Make Money Online
  • Contact us
No Result
View All Result
No Result
View All Result
  • Home
  • Business
  • Investments
  • Loan Apps
  • Finance
  • Guides
  • Education
  • Reviews
  • Health
  • Hosting
  • Gadgets
  • Technology
  • Make Money Online
  • Contact us

Home » Guides » Mogo Car Loans Calculator in Kenya

Mogo Car Loans Calculator in Kenya

Davis Njagi by Davis Njagi
October 12th, 2022 5:34 pm

Updated on December 25th, 2022 at 1:57 pm

in Guides
0
Mogo Car Loans Calculator in Kenya
Share on FacebookShare on Twitter

Mogo Car Loans Calculator in Kenya

MOGO is a world-class financial company that specializes in used cars & new Boda Boda financing in Kenya. The company also offers logbook loans to its potential customers conveniently, quickly, and easily.

To use the Mogo car loan calculator, enter some details about the loan you’re considering, such as the loan amount, annual interest rate, and loan term (length of time you have to repay the loan).

 

To use the loans  calculator, you can follow these steps:

 

  1. Visit the Mogo website and navigate to the Logbooks Loans Page.
  2. Enter the loan amount you want to borrow.
  3. Enter the annual interest rate you will be charged on the loan.
  4. Enter the loan term (length of time you have to repay the loan).
  5. Click the “Calculate” button to see the estimated monthly payment and total cost of the loan.
  6. Keep in mind that the calculator is just an estimate and the actual terms of your loan may vary.

 

Mogo Car loan requirements

 

Read More

VGG Connect Internet Coverage, WI-FI Packages and Contacts

How to reverse money sent to wrong number

How to activate M-Pesa Hakikisha

How to drop Multiple Pins on Google Maps

Mogo car loan financing is a way of buying a car with a loan. According to the contract, you and Mogo become the joint owner of the car you choose, and you become the user of the same car. When you repay all the fees according to your repayment plan, the ownership of the car is transferred to you.

You can apply for the amount of funding from Ksh 100,000 to a maximum of Ksh 2,500,000 with a repayment period of up to 60 months. The minimum down payment is 20%.

 

Mogo Car loan requirements

You will need these documents:

  • Proof of income – 6 months bank statement
  • M-Pesa statement
  • Official payslip (if employed)
  • Driver’s license
  • Personal ID or passport
  • KRA PIN

 

Full process:

  • Pick a potential car to buy
  • Fill out an online application or come to a mogo branch
  • Preliminary loan offer will be made in 15 minutes
  • Submit required documents
  • Car is inspected by mogo valuer
  • Contract is signed
  • GPS is installed in the car
  • Client makes down payment and adds mogo name to the logbook
  • Money is transferred to the seller

 

When will I become a car owner?

The logbook will be jointly registered in your and Mogo Kenya’s names. After full repayment of your contract, you will be contacted by a MOGO employee to discharge the logbook to your name.

 

What happens in the event of an accident or theft of a car?

You are required to alert the appropriate authorities, your insurance provider, and Mogo Kenya LTD in the event of an accident or theft.

What happens if I cannot pay monthly payment on time?

If you think you cannot pay your monthly payment foreseen in the original repayment plan, please contact our customer support experts to offer you a proper repayment plan according to your needs.

How to apply for car financing through MOGO?

You can apply for car financing in several ways:

  • Through this website, filling out an application by clicking here.
  • By calling us at 0768 469 112
  • By visiting one of our branches.

 

Read Also All you have to Know about Absa Savings Account

Frequently Asked Questions (FAQs)

What is the maximum repayment term?

You can apply for car financing services with a maximum repayment period of up to 60 months.

 

How do I pay a monthly installment?

You must make monthly payments in accordance with the repayment schedule outlined in your loan contract. To make things easier for you, any upcoming payments will be reminded via text message.

 

Will Mogo require proof of my income?

When applying for car financing, Mogo will ask you to submit the last 6 bank statements or other relevant documents proving the source and amount of income.

 

Questions about the car

How is car value assessed?

Mogo assesses the car’s value using internal valuers. Additionally, we employ a cutting-edge international assessment model with a sizable database that offers a precise valuation for each car.

Is compulsory auto insurance required?

All vehicles used in public places must comply with the requirements of the Motor Vehicles Act of Kenya and have third-party liability insurance. This means that a third party must be covered by a car insurance policy in the event of an accident.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Davis Njagi

Davis Njagi

Davis Njagi is a technology-focused content writer and web developer with over 5 years of experience in the industry. He focuses on writing articles about the most recent developments in business, finance, and technology. Davis also works as a Freelance Fitness Consultant for customers, designing compelling workout plans that align with their fitness objectives in addition to writing and web development. He graduated from Kenyatta University with a degree in exercise science and from Dima College with a diploma in information technology.

Related Posts

VGG Connect Internet Coverage, WI-FI Packages and Contacts
Guides

VGG Connect Internet Coverage, WI-FI Packages and Contacts

3 months ago
How to reverse money sent to wrong number
Guides

How to reverse money sent to wrong number

3 months ago
How to activate M-Pesa Hakikisha
Guides

How to activate M-Pesa Hakikisha

3 months ago

Editor's Choice

  • Trending
  • Comments
  • Latest
List of M-Kopa Phones and Prices in Kenya

List of M-Kopa Phones and Prices in Kenya

January 4, 2022
Building Rental Houses in Kenya and Their Costs

Building Rental Houses in Kenya and Their Costs

November 1, 2021
Marakumi, Registration, How to Play, Reviews, Tricks

Marakumi, Registration, How to Play, Reviews, Tricks

June 7, 2022
Safaricom Jiandikishe App, How to Activate

Safaricom Jiandikishe App Guide and Login

September 28, 2021
NetPesa, NetPesa login,Registration

NetPesa, NetPesa login,Registration

June 3, 2022
How to send Airtime from Safaricom to Airtel, Sambaza, Bundles, and Top-Up

How to send Airtime from Safaricom to Airtel, Sambaza, Bundles, and Top-Up

March 11, 2021
M-Pesa Float Meaning, Guide, Charges, M-Pesa Super Agent Commission, Equity M-Pesa Float Charges

M-Pesa Float Meaning, Guide, Charges, M-Pesa Super Agent Commission, Equity M-Pesa Float Charges

October 18, 2021
POA Internet Packages, Reviews, Coverage, Speed Test, Customer Care Contacts

POA Internet Packages, Reviews, Coverage, Speed Test, Customer Care Contacts

July 21, 2021
How to Start Scrap Metal Business in Kenya and Licensing

How to Start Scrap Metal Business in Kenya and Licensing

January 10, 2023
Mekaela Academies, Fee Structure, and Contacts

Mekaela Academies, Fee Structure, and Contacts

August 20, 2021
How to Start Scrap Metal Business in Kenya and Licensing

How to Start Scrap Metal Business in Kenya and Licensing

January 10, 2023
How to Start a Matatu Business in Kenya

How to Start a Matatu Business in Kenya

December 27, 2022
All you have to Know about Absa Savings Account

All you have to Know about Absa Savings Account

December 24, 2022
How to Start a Cash Wash Business in Kenya and Equipment List

How to Start a Cash Wash Business in Kenya and Equipment List

December 21, 2022
How to Start Mitumba Business Kenya

How to Start Mitumba Business Kenya

December 15, 2022
List Of Marketable Diploma Courses in Kenya

List Of Marketable Diploma Courses in Kenya

November 15, 2022
Family Bank Contacts and Internet Banking

Family Bank Contacts and Internet Banking

November 7, 2022
VGG Connect Internet Coverage, WI-FI Packages and Contacts

VGG Connect Internet Coverage, WI-FI Packages and Contacts

October 19, 2022
List of Most Marketable Courses in Kenya

List of Marketable Courses in Kenya

October 17, 2022
Britam Money Market Fund Guide

Britam Money Market Fund Guide

October 14, 2022

Most Recent

How to Start Scrap Metal Business in Kenya and Licensing

How to Start a Matatu Business in Kenya

All you have to Know about Absa Savings Account

How to Start a Cash Wash Business in Kenya and Equipment List

How to Start Mitumba Business Kenya

List Of Marketable Diploma Courses in Kenya

Family Bank Contacts and Internet Banking

VGG Connect Internet Coverage, WI-FI Packages and Contacts

List of Marketable Courses in Kenya

Britam Money Market Fund Guide

Trending

  • List of M-Kopa Phones and Prices in Kenya

    List of M-Kopa Phones and Prices in Kenya

    1 shares
    Share 0 Tweet 0
  • Building Rental Houses in Kenya and Their Costs

    0 shares
    Share 0 Tweet 0
  • Marakumi, Registration, How to Play, Reviews, Tricks

    0 shares
    Share 0 Tweet 0
  • Safaricom Jiandikishe App Guide and Login

    0 shares
    Share 0 Tweet 0
  • NetPesa, NetPesa login,Registration

    0 shares
    Share 0 Tweet 0
  • How to send Airtime from Safaricom to Airtel, Sambaza, Bundles, and Top-Up

    0 shares
    Share 0 Tweet 0
  • M-Pesa Float Meaning, Guide, Charges, M-Pesa Super Agent Commission, Equity M-Pesa Float Charges

    0 shares
    Share 0 Tweet 0
  • POA Internet Packages, Reviews, Coverage, Speed Test, Customer Care Contacts

    0 shares
    Share 0 Tweet 0
  • How to Start Scrap Metal Business in Kenya and Licensing

    0 shares
    Share 0 Tweet 0
  • Mekaela Academies, Fee Structure, and Contacts

    0 shares
    Share 0 Tweet 0

About

Techpawa is an online blog that covers the most recent business, technology, and finance news from around the world, as well as trending reviews, tips, and technological updates.

Follow us

Categories

  • Banking
  • Business
  • Construction
  • Cryptocurrency
  • Education
  • Finance
  • Forex
  • Gadgets
  • Guides
  • Health
  • Hosting
  • Insurance
  • Investments
  • Laptops
  • Life Hacks
  • Loan Apps
  • Make Money Online
  • Mobile Phones
  • Money Market Funds
  • Ponzi Schemes
  • Real Estate
  • Reviews
  • Saccos
  • Shares
  • Social Media
  • Stocks
  • Tablets
  • Technology

Recently Updated

VGG Connect Internet Coverage, WI-FI Packages and Contacts

How to Start Scrap Metal Business in Kenya and Licensing

How to recover hacked Facebook account without email

List of Businesses to Start with 100k in Kenya

How to activate M-Pesa Hakikisha

7 Practical Ways to Handle Loans with High Interest Rates

How to Start a Matatu Business in Kenya

Mogo Car Loans Calculator in Kenya

Recent Posts

How to Start Scrap Metal Business in Kenya and Licensing

How to Start a Matatu Business in Kenya

All you have to Know about Absa Savings Account

How to Start a Cash Wash Business in Kenya and Equipment List

How to Start Mitumba Business Kenya

List Of Marketable Diploma Courses in Kenya

Family Bank Contacts and Internet Banking

  • Home
  • Privacy Policy
  • Terms & Conditions
  • Cookie Policy
  • Contact us

Copyright © 2022 TechPawa Designed by NjawaTech Solutions .

No Result
View All Result
  • Business
  • Health

Copyright © 2022 TechPawa Designed by NjawaTech Solutions .