Looking for a loan but don’t own a car or land?

Think you need a car logbook or title deed to get a loan? Not necessarily.

Some lenders require you to put up an asset as security. With Unifi, eligible salaried employees can apply for an unsecured loan without using a car, land or other valuable asset as security.

So, if you’re looking for a fast loan without a logbook or title deed, what you earn and your ability to repay can matter more than what you own.

What is an unsecured loan?

Simply put, an unsecured loan is a loan that doesn’t require collateral.

Instead of asking you to put up your car or property as security, Unifi looks at things like your employment status, income, credit profile and ability to repay the loan.

That means you don’t need:

• A car logbook
• A title deed
• Property documents
• Another valuable asset as security

Who can apply for a Unifi loan?

Unifi loans are available to formally employed people whose salaries are paid into a bank account.

To apply, you’ll need:

• Your original National ID
• Your latest payslip
• Your latest bank statement

Unifi won’t ask you for collateral, an employer MOU or a check-off agreement.

Why choose a loan without collateral?

Not everyone owns a car or property — and you shouldn’t have to if you’re looking for a loan.

With an unsecured Unifi loan, you can:

• Apply without putting your car or land on the line.
• Skip lengthy asset valuation processes.
• Apply with just a few documents.
• Have your application assessed based on your financial profile, rather than the assets you own.

Whether it’s school fees, medical expenses, home repairs or an unexpected bill, an unsecured loan can give you another option when you need access to extra cash.

How much does a Unifi loan cost?

Before you accept your loan, we’ll give you a clear breakdown of the costs, including:

• Interest rates from 9% to 25%
• An initiation fee of KES 500
• A one-month repayment term

If you can’t repay the full balance after one month, you may be able to transfer the remaining balance to the following month.

There are no surprises, and you’ll see the applicable costs before you accept your loan.

Fast loan without a logbook or title deed FAQs

What if I don’t own a car or land?

That’s okay. You don’t need to own valuable assets to apply for an unsecured Unifi loan. Your application is assessed based on factors such as your income, employment, credit profile and ability to repay.

Do I need my employer’s permission?

No. Unifi doesn’t require an employer MOU or check-off agreement.

What documents do I need to apply?

You’ll need your latest payslip, latest bank statement and original National ID when you visit a Unifi branch.