Platinum Credit loans in Kenya (2026)
Platinum Credit Limited is one of Kenya's longest-running non-bank lenders, founded in 2002 with a focus on civil servant and TSC check-off loans. Head office at International Life House, Mama Ngina Street, Nairobi; 52 plus branches nationwide as of early 2023. Licensed by the Central Bank of Kenya as a Digital Credit Provider (DCP). Products span check-off loans, logbook loans, asset finance, import duty finance, landlord loans and a salary advance up to KES 10,000 on *619#. Verified against platinumcredit.co.ke in 2 September 2026.
Platinum Credit products
- Civil servant and TSC loans. Salary check-off through payroll, Platinum's flagship product since 2002.
- Logbook loans. Up to 60 percent of the forced sale value of your vehicle. You keep driving the car.
- Personal loans. Unsecured facility for eligible customers.
- Asset finance. Finance for productive assets (vehicles, equipment) against additional security.
- Import duty finance. Short-term funding for import duties on landed vehicles or goods.
- Landlord loans. Facility for rental property owners against future rental income.
- SME loans. Working capital for small and medium enterprises.
- Salary advance up to KES 10,000. Dial *619# on Safaricom or call 0709 900 000 / 0730 900 000.
Full catalogue and pricing at platinumcredit.co.ke.
How to apply
- Gather documents. Original logbook, national ID, KRA PIN, three to six months of bank or payroll statements, one utility bill, two guarantors. Civil servants add a copy of a recent payslip and employer number.
- Book a valuation. Platinum arranges a licensed motor vehicle valuer for logbook loans.
- Sign the loan agreement. Logbook is transferred to Platinum for the loan term as security.
- Disbursement. Funds land on M-PESA or bank account within one to two working days.
Real cost: worked example
Borrow KES 250,000 against a vehicle whose forced sale value is KES 500,000 (a 50 percent LTV against forced sale) for a 12-month term. Assume 4 percent per month reducing balance, a 3 percent arrangement fee, and KES 10,000 in valuation and chattels fees.
| Line item | KES |
|---|---|
| Principal | 250,000 |
| Interest (12 months, 4% reducing balance) | ~65,000 |
| Arrangement fee (3%) | 7,500 |
| Valuation + chattels | 10,000 |
| Total repayable | ~332,500 |
| Effective APR (all-in) | ~58 to 68 percent |
Illustrative only. Ask for the total cost of credit disclosure in writing before signing.
Branch coverage
52 plus branches nationwide, one of the widest non-bank lender footprints in Kenya. Major towns served:
Contact Platinum Credit
- Phone: 0709 900 000 / 0730 900 000
- USSD (salary advance): *619#
- Head office: International Life House, Mama Ngina Street, Nairobi
- Website: platinumcredit.co.ke
Scam warning
Legitimate Platinum Credit never asks for an upfront "processing fee" to be sent to a personal M-PESA number before disbursement. All fees are deducted from disbursement or paid at a branch. Verify anything doubtful by calling 0709 900 000.
FAQ
Is Platinum Credit licensed in Kenya?
Yes. Platinum Credit Limited is registered under the Companies Act and licensed as a Digital Credit Provider (DCP) by the Central Bank of Kenya. The public DCP register is at centralbank.go.ke/digital-credit-providers. Platinum is not a bank and does not appear on the CBK PSP list. Platinum Credit also operates regionally through the Platcorp group in Uganda, Tanzania and Rwanda.
What do I need to apply for a Platinum Credit logbook loan?
Original vehicle logbook, national ID, KRA PIN, three to six months of bank or M-PESA statements, one utility bill and two guarantors. Platinum then arranges a valuation before making a written offer.
What happens if I default on a Platinum Credit loan?
Missed instalments trigger written reminders and then a formal notice under the Chattels Transfer Act before enforcement. Platinum is bound by the CBK Digital Credit Providers code of conduct requiring written notice and a reasonable cure window before repossession. Arrears also flow to the credit reference bureaus.
Can I still drive my car during a Platinum Credit logbook loan?
Yes. The logbook is held by Platinum as security for the loan term but the vehicle remains in your possession and daily use throughout.
How much can I borrow with a Platinum Credit logbook loan?
Up to 60 percent of the forced sale value (not the market value) of your vehicle. Forced sale value is what the vehicle would fetch at a distressed auction, typically 70 to 80 percent of market value, so the effective loan-to-value against market value is usually 40 to 50 percent.
How fast is Platinum Credit disbursement?
Typically one to two working days end to end for logbook loans; same day is possible for repeat customers with a fresh valuation on file. The salary advance product on *619# is designed for near-instant top-ups.
What other products does Platinum offer?
Civil servant loans and TSC loans (the flagship since 2002), logbook loans, personal loans, asset finance, import duty finance, landlord loans, SME loans and a salary advance of up to KES 10,000 accessed via *619# on Safaricom or 0709 900 000 or 0730 900 000.
Where are the Platinum Credit branches?
Platinum Credit had 52 branches nationwide as of early 2023. Head office is at International Life House, Mama Ngina Street, Nairobi. Confirm the current branch list at platinumcredit.co.ke/branches/ before travelling.