Meridian Acceptance Limited is an asset refinancing company offering micro loans secured on motor vehicle logbooks. They best serve clients who require urgent funding for such emergent needs as completing a business transaction, covering a medical emergency or even paying school fees
You can get a loan from Meridian on your motor vehicle log book in just 24 hours.
The amount you can borrow from Meridian is 20,000 to 300,000 kshs or upto 25% the value of your vehicle at 5% per month and the processing fee is 2000 kshs.
Requirements of getting a loan from Meridian
- personal or business bank statements for last 6 months
- copy of national ID
- copy of the pin of the registered owner of the vehicle
- copy of motor vehicle record with Kenya Revenue authority
- Latest utility bill
- A cheque book account
- Motor vehicle log book
- Motor vehicle valuation and photo graph
- 2 blank but signed motor vehicle transfer forms
- Execution of chattels mortgage
- 2 passport photos
- Document to show proof of insurance
Those employed will also need pay slips for the last three months or ccopies of employment contact.