BANK
Bank
KE

For a Small Business

Interested in:

Bodaboda/ Tuktuk Loan

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.

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Benefits

Benefits

Comprehensive Insurance Cover

Comprehensive Insurance Cover

Comprehensive Insurance p.a. of Kes 9,600.00 for Boda Boda and Kes 15,000.00 for Tuk Tuk

Friendly financing terms

Friendly financing terms

Get up to 70% financing of the purchase price (Max 5,000,000 plus insurance) 

Flexible repayment terms

Flexible repayment terms

A repayment period of up to 36 months for tuk tuk and 12 months for motorbikes

Preferential pricing from dealers

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?

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