The non-deposit taking lending space has gained notoriety for playing host to rogue players infamous for adverse actions against borrowers. Non-deposit taking lenders however play a crucial role of extending credit to borrowers unable to access bank lending.
Are there credible players in this space?
The simple answer is - Yes!
Momentum Credit was founded in 2017 with the purposeful intent to extend structured credit to a segment of borrowers generally considered un-bankable. As a non-deposit taking creditor, we enable borrowers unlock equity held in their motor vehicles without needing to liquidate the unit.
Why Momentum Credit?
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Armed with the brand purpose “Expanding Possibilities” Our business in intent to take out the guesswork from this category by prioritising loan terms transparency, ensuring clients are supported throughout their loan lifetime and offboarded effectively. Our offering includes Logbook loans, Insurance Premium Financing, motor import financing/consultancy as well as an innovative credit card facility that allows clients conveniently borrow and re-pay against a predefined credit limit from their mobile phones.
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Lending decisions are driven by the borrower’s affordability, we extend credit to borrowers positioned to settle their financial obligations by leveraging our well-defined credit appraisal process therefore addressing the category overwhelming concern around collateral loss.
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Our terms and conditions are clear and simple, making it easy to read and understand contractual terms before taking on loans.
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Supported loan term: Each client is assigned a relationship officer charged with guiding the client throughout the loan’s life-time. This includes responding to frequently asked questions, account information as well as general client support. Responsive client support: clients have several channels to reach the business to raise concerns this include calling in (+254 709 434 000), WhatsApp (+254 796 444 555) or email (cx@momentumcredit.co.ke ), online chat support (https://momentumcredit.co.ke/ )and our social media pages on LinkedIn and Facebook.
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A dedicated Client Experience Hub supported by a queue management system aiding the business better understand client pain points to improve the quality of service the business offers. financing
For more information and press queries, please contact: Comms@momentumcredit.co.ke