Car financing and Logbook loans BPG terms and conditions



1. Mogo Auto Limited (“Mogo”) through its “Best Price Guarantee Campaign” (“Campaign”) aims to provide the best price for car financing and logbook loans to customers in Kenya. Best Price Guarantee means lower monthly payments comparing the same amount of disbursed money and the same loan term versus other financial institutions.

2. The offer is valid for all applications created at Mogo from 8th March 2022.

3. Loan amounts under Campaign vary from KES 100 000 to KES 2 500 000.

4. The conditions to be eligible to participate in the Campaign are as follows:

  • The applicant is not an existing Mogo Customer with an active agreement
  • The applicant has an active contract or received a valid offer for a car financing or logbook for a duly registered credit-only microfinance institution.
  • List of institutions from which offers can be subject of Campaign:
  1. Platinum Credit
  2. Mwananchi Credit
  3. Momentum credit
  4. Ngao credit
  5. Northwave credit
  6. Milhan Access capital
  7. Progressive credit
  8. MyCredit
  9. WATU Gari
  10. IZWE Loans
  11. Fin Kenya/TrustGro/Getbucks
  12. Bee Credit
  13. Jijenge credit
  14. Swift Capital
  15. Edenbridge
  16. Karibu Ventures Ltd
  17. Citizens Credit
  18. Together as one
  19. Situ Credit
  20. Hakki car finance
  21. Bidii credit
  22. Spring board Capital
  23. Bashy African Credit
  24. Kifedha Credit
  25. Pioneer Credit
  26. Premier Credit
  27. Get-gari
  28. Roots credit
  29. Phoenix capital
  30. Sonix Credit Ltd

5. Mogo restricts itself a right to change the list to approved institutions at any time without further notice or approval.

6. Mogo shall carry out rigorous and independent credit assessments of campaign participants.

7. Any decision to grant any loan to any participant remains solely at the discretion of Mogo based on Mogo’s internal credit assessment procedures and protocols.

8. Based on the provided documents, Mogo will review and determine Applicant’s eligibility for the Campaign, provide an offer that will have lower monthly repayment than the offer submitted by Applicant using (for the same loan amount and same loan term). If the Applicant's submitted offer falls out of the standard product terms of Mogo (i.e. loan amount is too high), then Mogo will not be able to provide an offer that would be comparable to Applicant's offer.

9. Lower monthly payment comparison is valid at the date of signing the agreement. Mogo does not guarantee a lower monthly payment throughout the whole period of the loan as the loan conditions are subject to change due to agreement amendments, exchange rate fluctuations (if the loan is denominated in USD), late payment fees and/or other fees provided in the contract.

10. Mogo does not make any representations or give any warranties, whether expressly or implicitly, and in particular, but without limitation, make no representations and give no warranty that:

  • Applicant’s participation in the campaign will result in a loan facility with Mogo pursuant to this campaign or
  • a loan offer under this campaign, or any aspect thereof, will meet Applicant’s requirements, preferences, standards, or expectations.

12. During the application, approval, and issuance process Mogo does not require any upfront payments.

13. Mogo and its affiliates will not be responsible for any harm, damage, loss or claim suffered as a consequence of your wilful participation in the campaign, particularly with respect to any loan offer or any changes to the campaign that may be made at any time.

14. Loan offers made under this campaign are not transferable and may not be deferred.

15. You may not be given a loan offer if it is found to be unlawful or financially burdening on you for us to give you a credit facility.