Starting a boda boda business in Kenya is one of the most practical ways to earn a daily income. If you can’t afford to buy a motorbike upfront, applying for a boda boda loan is an innovative solution. This guide explains how to apply for a boda boda loan in Kenya, outlines the key requirements, and provides information on where to find the best financing options.
Top Places to Apply for a Boda Boda Loan in Kenya
In 2025, some of the most reliable lenders offering boda boda financing include:
- Watu Credit – Available in Nairobi, Eldoret, Kisumu, and over 30 counties
- Mogo Kenya – Offers quick approvals in major urban centres
- Equity Bank – Offers structured motorbike loans through branches
- Faulu and Stima SACCOs – Great for riders already saving with SACCOs
Each lender has unique terms, so compare carefully.
Loan Requirements for Boda Boda Loan Applications in Kenya
To apply for a boda boda loan in Kenya, you typically need the following:
- National ID and KRA PIN
- Driving license (Class A preferred)
- Guarantor or referee
- Initial deposit (KES 5,000 to 30,000, depending on provider)
- CRB clearance or credit report
- Proof of residence (utility bill or tenancy agreement)
Some SACCOs may also ask for training certificates or business plans.
Documents Needed to Apply for a Motorbike Loan in Kenya
Make sure to carry:
- Copy of your ID and PIN
- Passport-size photo
- Guarantor’s ID and contact info
- Proof of address (if asked)
- Membership form (for SACCO applicants)
Where to Apply for a Boda Boda Loan in Kenya
You can visit or apply through:
- Watu Credit branches in Nairobi (e.g., Jogoo Road, Gikambura)
- Mogo Kenya centers in Nakuru, Kisii, or online via their portal
- Equity Bank branches with asset financing desks
- Your local SACCO or microfinance office (e.g., Unaitas in Murang’a, Faulu in Kakamega)
Call ahead or visit the websites to confirm branch availability.
Steps to Apply for a Motorbike Loan in Kenya
- Choose your lender based on location, repayment terms, and down payment.
- Collect the required documents – Prepare ID, PIN, license, and guarantor info.
- Pay the deposit – This varies by model and provider.
- Sign the loan agreement – Read the terms, especially on insurance and default.
- Pick your motorbike – Some lenders offer choices like Boxer, TVS, or Haojue.
- Start repayment – Most offer flexible daily or weekly plans via mobile money.
Tips for a Successful Boda Boda Loan Application in Kenya
- Maintain a clean CRB record
- Choose a repayment plan you can comfortably manage
- Confirm insurance coverage is part of the package
- Ask about hidden charges (e.g., tracker fees, processing charges)
- If possible, join a registered group for better loan access through SACCOs
Are You Ready to Apply?
Compare boda boda loan offers today at your local branch or online. If you’re in Nairobi, Eldoret, Kisumu, or Mombasa, visit Watu Credit or Mogo for walk-in applications. Or check your SACCO for available packages.
FAQs – How to Apply for a Boda Boda Loan in Kenya
Do I need a license to apply for a boda boda loan?
Yes. Most lenders require a valid Class A license before releasing the motorbike.
Can I get a boda boda loan without a guarantor?
Yes. Some lenders, like Mogo, allow you to qualify based on a deposit and CRB clearance.
How long does approval take?
Approval can take as little as 24 hours, especially with Watu Credit and Mogo Kenya.
