Compliant and Efficient Asset Repossession

When you need professional repossession agents in Mombasa, you require a team that operates with speed, efficiency, and unwavering legal compliance. Repossession is a sensitive process, critical for financial institutions like banks, microfinances, and SACCOs to mitigate losses from defaulted loans. Swipe Recoveries Experts Ltd provides top-tier asset repossession services across Mombasa and the coastal region, from Kilindini Port to the northern suburbs. We specialize in the recovery of vehicles, trucks, construction equipment, and other movable assets, ensuring that every action is conducted peacefully and in strict accordance with Kenyan law. Our goal is to secure your asset swiftly while protecting you from legal and reputational risk.

The Legal Framework: The Auctioneers Act & MPSRA

The activities of repossession agents in Kenya are strictly regulated to protect both creditors and debtors. The two most important legal frameworks are The Auctioneers Act (Cap 526) and its accompanying Rules, and The Movable Property Security Rights Act, 2017 (MPSRA). The Auctioneers Act stipulates that repossessions must often be carried out by or under the instruction of a licensed auctioneer. This ensures accountability and adherence to a professional code of conduct, overseen by the Auctioneers Licensing Board.

The MPSRA modernised the laws around using movable assets (like cars) as security. Crucially, it outlines the legal process a creditor must follow before seizing an asset. This includes providing the debtor with a specific, legally-compliant statutory notice of their intention to repossess. In many consumer credit scenarios, particularly where a significant portion of the loan has been paid, a court order is mandatory before repossession can occur. Our team of agents in Mombasa has an in-depth understanding of these laws, ensuring we only act upon valid legal instruction and protect our clients from claims of unlawful repossession.

Repossession agents Mombasa
Swipe Recoveries Experts Ltd

Our Repossession Process in Mombasa

Our repossession protocol is designed for efficiency and compliance, tailored to the logistical realities of operating in Mombasa.

Step 1: Instruction and Legal Verification: We begin by receiving a formal instruction from the client (the lender). This must be accompanied by all necessary documentation, including the loan agreement, chattel mortgage, a copy of the issued statutory notice, and a court order if one is legally required. We verify the legitimacy and completeness of these documents before proceeding.

Step 2: Asset Location (Skip Tracing): If the asset's location is unknown, our skip tracing team is deployed. Using a combination of digital tools and on-the-ground intelligence in areas like Changamwe, Miritini, or Nyali, we quickly pinpoint the asset's location.

Step 3: Peaceful Securing of the Asset: Our highly trained repossession agents will approach the location and secure the asset. Our overriding principle is to conduct the repossession peacefully and without confrontation. We never force entry into private property. Upon securing the asset, we complete a detailed condition report, including photographs, to document its state at the time of recovery.

Step 4: Secure Storage: The repossessed asset is immediately transported to a secure, guarded storage yard in the Mombasa area. This prevents vandalism or loss and preserves the asset's value pending the next steps, which are typically sale by public auction.

Debt Recovery & Auctioneering Coverage in Mombasa, Kenya

Swipe Recoveries Experts Ltd provides commercial recovery, skip tracing, and auctioneering services across Mombasa, Kenya and all 47 counties in Kenya.

Understanding Repossession Fees and Costs in KES

Professional repossession agents in Mombasa recovering a vehicle

The costs associated with hiring repossession agents in Mombasa are transparent and structured. The primary fee is the Recovery Fee, which is charged upon the successful repossession of the asset. For a standard motor vehicle in the Mombasa area, this fee can range from KES 25,000 to KES 60,000, depending on the vehicle's type, location, and the difficulty of the recovery. For heavy commercial vehicles or specialized equipment, this fee will be higher and is quoted on a case-by-case basis.

Other potential costs include an initial Instruction Fee (typically KES 5,000 - KES 10,000) to open the file and begin skip tracing. Once recovered, Storage Fees will apply. These are charged daily and can range from KES 1,000 to KES 3,000 per day, depending on the size of the asset. Towing fees may also be applicable if the vehicle is not drivable. We provide a full schedule of fees upfront so our clients can accurately budget for the recovery process.

Frequently Asked Questions

Can a repossession agent take my car without a court order in Kenya?
It depends. Under The Movable Property Security Rights Act, if it's a consumer credit contract and you've paid two-thirds (2/3) or more of the loan amount, the lender MUST obtain a court order before repossessing the asset. For commercial contracts or cases where less than 2/3 is paid, a lender can often repossess after issuing a proper statutory notice, without a court order. Always seek clarity on your specific situation.
What documents do I need to hire a repossession agent?
To instruct a repossession agent, you will need to provide a copy of the signed loan agreement or chattel mortgage, proof of the default, a copy of the statutory notice sent to the debtor, and a court order if one was legally required and obtained. You must also provide all known details of the asset, such as its registration number, make, model, and last known location.
What happens to my asset after it is repossessed in Mombasa?
After Swipe Recoveries repossesses your asset in Mombasa, it is taken to a secure storage facility. A condition report is created and shared with you. The asset is held in storage pending further instructions from you or the licensed auctioneer. Typically, after another notice period, the asset is advertised for sale by public auction to recover the outstanding loan balance as prescribed by the Auctioneers Act.