Let us offer you 70% financing and set you off on your Boda Boda or Tuk Tuk biashara. That is not all, we top the financing with a comprehensive insurance cover as you zoom off to build your successful Biashara.
Comprehensive Insurance p.a. of Kes 9,600.00 for Boda Boda and Kes 15,000.00 for Tuk Tuk
Friendly financing terms
Get up to 70% financing of the purchase price (Max 5,000,000 plus insurance)
Flexible repayment terms
A repayment period of up to 36 months for tuk tuk and 12 months for motorbikes
Preferential pricing from dealers
Special price offers from Boda Boda and Tuk Tuk dealers, including service
What We Need From You*
An active account with any business institution where business proceeds are remitted for at least 3 months
Proforma invoice from Boda Boda and Tuk Tuk dealers
Valid driving license of the rider/driver
Demonstrate your ability to repay the loan
Bank to finance up to 70% while the customer to meet 30% of the cost
Guarantee by KCB account holder where a Log book is held on simple deposit
Where a joint registration is done for the log book, a guarantor is not required
6 months ’KCB banking history or 3 months’ group savings
*A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords. Remember, PIN yako siri yako.
Loan Rates & Fees*
Interest rate - 13% (CBR rate 9% plus Bank Variable margin of 4%)
Negotiation fee - 3%
*Charges are not inclusive of tax
Interested in Bodaboda/ Tuktuk Loan or have a question?
