Boda boda Loans
Boda-boda Loans
We finance or a hire-purchase arrangement that lets riders acquire a motorcycle through manageable weekly or monthly installments.
Loan Requirements
To qualify for a standard motorcycle asset loan or logbook loan, providers typically look for:- Identification: Original National ID or valid passport.
- Age Limits: Riders aged between 20 and 65 years.
- Guarantors: Trusted local referees or stage leaders with National IDs.
- Mobile Money: Active MTN or Airtel mobile money account for processing payments.
- Initial Deposit: A down payment starting from roughly UGX 600,000 to UGX 1,400,000 depending on whether the bike is electric, used, or brand new.
