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Frequently Asked Questions
How much is the initial deposit?
The minimum initial deposit is 900,000 but one is free to start with an amount beyond that figure as it allows you to reduce the principal and interest payable through the loan term.
What is the weekly payment?
The weekly payment depends on the initial deposit, and it can go as low as 60000 depending on your loan terms.
What are the requirements to acquire the boda boda loan?
National ID, Guarantor with a National ID, Minimum initial deposit of 900,000. Local council and Boda Boda stage chairperson recommendation, Must be 18-80 Years of age.
What Kind of Motorcycles do you have available for loan?
At the moment we have all Bajaj, Haojue, Honda, Zongshen and Kevla. However, we continue to diversify to bring new products on board.
How long is your loan term?
Our loan terms range from 1 to 2.5 years with flexible terms in between. One can finish below their initially signed term and pay lower interest.
Where can we find you?
We have a number of branches in Western, Central and Eastern Uganda. We Continue to open other branches across the whole country. Kindly contact us to advise you on the closes branch.
How long do I take to acquire the motorcycle after application?
You can have your bike immediately after a background check has been done on you. This can happen in 2-3 days.
How long does it take to get a logbook upon loan completion?
This is very immediate, logbooks are always available at the point of loan completion and at no additional cost.
How much is the initial deposit?
The minimum initial deposit is 900,000 but one is free to start with an amount beyond that figure as it allows you to reduce the principal and interest payable through the loan term.
What is the weekly payment?
The weekly payment depends on the initial deposit, and it can go as low as 60000 depending on your loan terms.
What are the requirements to acquire the boda boda loan?
National ID, Guarantor with a National ID, Minimum initial deposit of 900,000. Local council and Boda Boda stage chairperson recommendation, Must be 18-80 Years of age.
What Kind of Motorcycles do you have available for loan?
At the moment we have all Bajaj, Haojue, Honda, Zongshen and Kevla. However, we continue to diversify to bring new products on board.
How long is your loan term?
Our loan terms range from 1 to 2.5 years with flexible terms in between. One can finish below their initially signed term and pay lower interest.
Where can we find you?
We have a number of branches in Western, Central and Eastern Uganda. We Continue to open other branches across the whole country. Kindly contact us to advise you on the closes branch.
How long do I take to acquire the motorcycle after application?
You can have your bike immediately after a background check has been done on you. This can happen in 2-3 days.
How long does it take to get a logbook upon loan completion?
This is very immediate, logbooks are always available at the point of loan completion and at no additional cost.