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.
• Bank Statement.
• Proof of Income.

Charges involved in processing this loan

• Mechanical Inspection – 20,000
• Placement of Caveat – 120,000
• Placement of tracker – 60,000 per month
• Vehicle Log book search - 10,000

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.
• Banks Statement and Payslip.

Salary Loans

Get immediate financial relief with our salary Loans. Ideal for covering long term expenses. Our fast approval process ensures you get the money you need when you need it most. We give salary loans from a period of 3 months to 12 months

Requirements

• Copy of valid National ID or passport.
• Employee Contract or Appointment letter.
• Confirmation letter.
• Personal Guarantees.
• Payment Day cheques.
• Banks Statement and Payslip.

Electronics Loans

You can also use simple electronic gadgets as collateral to secure a small loan from Sambax Finance. These electronics include; smart phones, laptops, tablets. For the gadget to be used as collateral, it should be in good working condition and good physical appearance.

Requirements

• Copy of valid National ID or passport.
• Receipt of purchase or proof of ownership
• You must bring the gadget physically for custody at our office
• Gadget is kept with us in custody for the period of the loan
• Client Photo

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

Invoice Financing

Unlock the potential of your business with our Invoice Financing solution at Sambax Finance. We understand that waiting for payments can strain your cash flow and limit growth opportunities. With our Invoice Financing, you can access up to 80% of the value of your unpaid invoices quickly and efficiently. Whether you need to cover operational expenses, invest in new projects, or meet urgent financial needs, our tailored solution ensures your business stays ahead. Enjoy flexible repayment terms, competitive rates, and a seamless application process designed to keep your business thriving. Let your invoices work for you today!

Requirements

• Copy of valid National ID or passport.
• Copy of Invoice.
• Bank Statements for the past 6 months
• Goods or Services must have been supplied to a reputable company
• Business Registration Documents
• 2 Passport Photos

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
• Bank Statements for the past 6 months
• 2 Passport Photos