Boda bodas are one of the most reliable sources of income in Kenya, especially for young people. Whether you’re starting fresh or upgrading your motorbike, knowing where to get boda boda loans in Kenya can help you make the right financial move.
Top Lenders Offering Boda Boda Loans in Kenya
Here’s a breakdown of the most trusted institutions currently financing motorcycles in Kenya.
Watu Credit – Boda Boda Loans in Kenya Made Simple
Watu Credit is among the leading providers of boda boda loans in Kenya. They operate across major towns and counties.
Requirements
- Kenyan ID and KRA PIN
- Guarantor (sometimes optional)
- Deposit and repayment plan
Benefits
- Same-day approval
- Insurance bundled with loan
- Daily or weekly repayment option
Mogo Kenya – Flexible Asset Loans in Kenya
Mogo offers both car and motorbike financing options, with quick access to loans.
Requirements
- National ID, PIN, CRB check
- Valid license (Class A)
- Down payment
Highlights
- Road-ready bikes
- Quick approval
- Multiple payment plans
KCB Foundation – Where to Get Loans in Kenya Through Group Funding
KCB supports youth through group-based boda boda loans under its foundation programs.
You’ll need
- Registered SACCO membership
- Financial training certificate
- Group guarantee
Why it’s good
- Lower interest rates
- Training included
- Community-based support
Equity Bank – Trusted Source of Loans in Kenya
Equity offers structured boda boda financing through selected branches and programs.
What you need
- ID, PIN, and proof of business
- Deposit
- Good credit history (preferred)
Advantages
- Insurance included
- Flexible repayment up to 24 months
- Competitive interest rates
Sacco’s and Microfinance Institutions – Local Access to Loans in Kenya
You can also access boda boda loans from your local SACCO or MFI. These are good options if you prefer community-based lending.
Examples
- Stima SACCO
- Faulu Kenya
- Unaitas
Requirements vary but often include;
- Membership and savings history
- ID and CRB check
- Business background
Tips Before Applying for a Boda Boda Loan in Kenya
Before signing any loan contract, consider the following:
- Check interest rates and extra costs (insurance, processing, penalties).
- Review the repayment period: Can you manage daily or weekly payments?
- Know your CRB status: Some lenders will check your credit score.
- Compare at least 3 lenders before making a final decision.
How to Choose Where to Get Boda Loans in Kenya
Choosing the right lender depends on your financial ability, credit history, and type of motorbike you want. Whether you go for Watu, Mogo, Equity, or your local SACCO, always ask questions, read the terms, and ensure the repayment plan fits your income.
FAQs on Where to Get Motorcycle Loans in Kenya
Where can I apply for a boda boda loan in Nairobi?
Try Watu Credit, Mogo, or Equity Bank branches in Nairobi. Most accept walk-in applications.
Do I need a guarantor for a boda boda loan?
Not always. Some lenders only need a deposit and CRB clearance.
How fast is loan approval?
Most applications are approved within 1–3 days, depending on documentation.
