Boda Boda Tuk Tuk Loans

Boda boda is one of the most popular businesses and mode of transport in Kenya. Over the recent past, the motorcycle taxi industry has emerged as an important player in the country’s economy as well as a source of employment.

 

The Boda Boda Tuk Tuk Loans is designed for the entrepreneur who would like to venture into this business so as to improve their economic welfare.

 

The product is fitted with benefits such as facilitating up to 90% of the purchase price and comprehensive insurance covers. This is how KCB 2Jiajiri helps you further yourself and your business.

 

 

Benefits
  • Tuk Tuk loan offers; Loans of up to 90% of the purchase price (Max 5,000,000 plus insurance) with repayment period of up to 24 months
  • Boda Boda loan offers; Loans of up to 90% of the purchase price (Max 5,000,000 plus insurance) with repayment period of up to 24 months
  • Special price offers from dealers
  • Motor service available at dealers
  • Comprehensive insurance cover for both Tuk Tuks and Boda Bodas
    • Comprehensive Insurance per annum of Kshs 9,600.00 for Boda Bodas and Kshs 15,000.00 for Tuk Tuks
  • *Customers guaranteed by group FDR to contribute 10%

 

 

Qualifying Criteria
  • An active account with any business institution where business proceeds are remitted for at least 3 months
  • Capability to service required monthly instalments
  • Profoma invoice from motor cycle and Tuk Tuk dealers
  • Valid driving license of the rider/driver
  • Funds disbursed direct to the dealers’ accounts

 

 

Rates and Fees
  • Interest rate 14%
  • A one off loan negotiation fee charged upfront at 3% of the loan amount

Apply for Boda Boda Tuk Tuk Loans

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