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Loans for the purchase or motorbikes or tuktuks. Loan of up to Kes 1,000,000 for the purchase of motorbikes and up to Kes 10 million for the purchase of tuk-tuks. It can either be a single unit or a fleet.

Benefits

The asset purchased is used as security for the loan

The boda boda/tuktuk will be used as security for the loan.

Only 10% contribution from the borrower

10% of the contribution towards purchasing the asset will come from the borrower/client.

Sacco members can co-guarantee each other

Members in a sacco can co-guarantee each other in this loan.

Flexible repayment periods

Flexible repayment period of 24 months for motorbikes and 36 months for tuk-tuks.

Flexible repayment channels

This loan has flexible repayment channels available.

What We Need From You*

  • Valid driving license of the rider/driver.
  • Your KRA PIN certificate.
  • Valid Kenyan ID or passport.
  • Proof of asset being purchased.
  • KCB account statement for the last 6 months for KCB customers and 12 months for non-KCB customers.
  • Demonstrate your ability to repay the loan.
  • Guarantee by KCB account holder where a Log book is held on simple deposit.

*A bank representative may call you at any time to obtain further information in line with our KYC process.

Amount approved is based on the repayment ability.

Loan Rates & Fees*

  • No negotiation fee.
  • Competitive risk-based pricing.
  • Risk margin of 0.85% p.a.
  • Insurance cover of Kes 17,000 p.a.
  • Tracking device of Kes 12,500.

The above prices will fluctuate based on the prevailing market rate.

Interested in Bodaboda/Tuktuk Loan or have a question?


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