Bodaboda Loans

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Honda Tuff 125 Motorbike on Loan (125cc, 6,500 rpm)

Highlights:
  • 125cc Powerful Engine
  • Large Rear Carrier
  • Comfort Guarantee
  • Comprehensive Insurance
  • Free Tracking Service
  • 18 Stable Wheels
  • Long and wide seat
  • Ksh. 14,999 Deposit
  • Ksh 540 Daily for 365 days or
  • Ksh 450 Daily for 480 days
  • Requirements: ID, KRA PIN, Driving License, TIMS Number
KSh14,999 12% Off
Key features: Best acceleration and fuel economy, Strong Carrier with extra large capacity, low maintenance, Durable and comfortable for all terrain.
Engine: 125cc, Single-cylinder,  air-cooled, 4-stroke, OHC
Starter: Kick and Electric Starter
Transmission: 4-speed, return gear shift
Fuel Tank Capacity: 10.9 L (1.8L Reserve)
Price Details: Ksh 14,999 Deposit, Easy Installments of Ksh 540 Daily for 365 days or Ksh 450 daily for 480 days.

Honda Ace 110 Motorbike on Loan (110cc, 7,000 rpm Max Power)

Highlights:
  • 110cc Fuel Efficient Engine
  • Large Rear Carrier
  • Wide and comfortable footstep
  • Tough and Smooth Suspension
  • 18 inch Alloy Wheels
  • Long and wide seat
  • Ksh. 14,999 Deposit
  • Ksh 465 Daily for 365 days or
  • Ksh 385 Daily for 480 days
  • Requirements: ID, KRA PIN, Driving License, TIMS Number
KSh14,999 12% Off
Key features: Excellent fuel economy, Low vibration, Dual spring shocks for a smoother ride, Longer Seat with superior padding for extra comfort.
Engine: 110cc, Single cylinder, air cooled, 4-stroke OHC
Starter: Self/Kick
Transmission: 4-speed constant mesh, noncyclic
Fuel Tank Capacity: 12 L (1.4L Reserve)
Price Details: Ksh 14,999 Deposit, Easy Installments of Ksh 465 Daily for 365 days or Ksh 385 daily for 480 days.

Honda Ace CB125 Motorbike on Loan (125cc, 6,500 rpm)

Highlights:
  • 125cc Powerful & Reliable Engine
  • Large Rear Carrier
  • Wide and comfortable footstep
  • Tough and Smooth Suspension
  • 18 inch Alloy Wheels
  • Long and wide seat
  • Ksh. 14,999 Deposit
  • Ksh 540 Daily for 365 days or
  • Ksh 450 Daily for 480 days
  • Requirements: ID, KRA PIN, Driving License, TIMS Number
KSh14,999 12% Off
Key features: Best acceleration and fuel economy, Strong Carrier with extra large capacity, low maintenance, Durable and comfortable for all terrain.
Engine: 125cc, Single-cylinder, air-cooled, 4-stroke, OHC
Starter:  Electric (optional) and Kick
Transmission: 4-speed, return gear shift
Fuel Tank Capacity: 10 liters
Price Details: Ksh 14,999 Deposit, Easy Installments of Ksh 540 Daily for 365 days or Ksh 450 daily for 480 days.

Bajaj Boxer BM 150UG

Highlights:

Boxer Bajaj 150UG Features: Fuel efficiency, Durability, Power, Comfort, Low maintenance.

Bajaj Boxer BM 100 ES

Highlights:

Boxer Bajaj 100cc with Electric Start. Features: Fuel efficiency, Durability,Comfort, Low maintenance.

Bajaj Boxer BM 100 (Kick Start)

Highlights:

Boxer Bajaj 100cc. Features: Fuel efficiency, Durability,Comfort, Low maintenance.

Bodaboda Loans in Kenya – 2022

Boda Boda loans are now available for a wide range of motorcycles in Kenya, including  Bajaj Boxer, TVS, Honda, Captain, Haojin, Sonlink, Ranger, Haojue, Kifaru, Tiger and many others.

At Biashara Place, we have an updated catalogue of the latest motorbikes available on loan in Nairobi, Thika, Nakuru, Mombasa, Kisumu, Meru and several other parts of the country, plus a comprehensive guide to help you make the best choice.

First, there is plenty to think about when choosing a bodaboda loan. You may not be lucky to get this information from the seller or the loan provider, so we listed a few key tips to help you make the best choice based on your individual circumstances.

Factors to Consider when Shopping for a Bodaboda Loan:

1. Interest Rates: Whether for bodaboda or any other asset, Interest rates are the first thing that comes to your mind when comparing loans. However, just like newspaper headlines will grab your attention and not reveal the whole story, interest rates are not the only consideration you should focus on.

2. Fees: Be careful to check for any hidden fees in the deal. They will obviously not be conspicuously displayed like the interest rates, deposit and daily installments. This means that you have to do your homework, ask all the necessary questions, seek clarifications before signing for the motorbike loan.

3. Loan Security: In almost all the boda boda loans available in Kenya, the motorcycle you buy is used as security. In other words, you fully own the motorbike only after completing the installments as agreed. The seller retains the logbook, and has the right to reposes the motorcycle incase you default in the loan repayments. Incase you want to sell the bike to someone else, the loan must be paid in full before the transaction is finalized.

Early Termination: Loans are good, only when you cannot afford the product in full at the time. It’s always important to go for a loan with friendly terms for early termination. This would allow you pay less interest incase you get cash early and wish to clear the balance in lump sum. 

The 5 Best Bodaboda Loans for 2022

Best Overall: M-KOPA 

Best Motorcycle Loan Rates: Tezzy Motorcycles

Best for Second-hand Bikes: Miva Bikes

Best in Nairobi: Zote Motorcycles 

Best for second-hand bikes: Kintosh Credit

Mkopa

Mkopa is our pick as the best overall bodaboda loan provider in Kenya because they offer unsecured loans with low interest rates and allows you to obtain brand new Honda motorcycles.

Mkopa offers the most competitive boda-boda loan prices, with low initial deposits compared to other companies and flexible daily installments. With Mkopa, you are at liberty to choose the best repayment plan for your boda boda loan.

Pros Cons
Receive your bodaboda the same day you apply. Only three motorcycle varieties currently available.
Affordable down payments of Ksh 14,999 for all bikes.
Brand new, original motorbikes guarantee
Free Comprehensive Insurance
Industry-leading Warranty
Free tracking

With Mkopa, you can apply for boda boda loans and get your product the same day you’re approved.

The required down payment for all Honda motorcycles by Mkopa is Ksh 15,000. You can then choose your most convenient installments plan from 365 days to 480 days.

The available motorbikes at Mkopa are Honda Ace CB125, Honda Tuff 125 and Honda Ace 110.

To qualify for a loan, you will need your Original National ID, KRA PIN, a Driving License and TIMS Number.

Mkopa does not consider your CRB status when approving your loan, so you can apply even if listed negatively by the credit rating bureau.

Despite its strict borrower requirements, Mkopa has the edge over other lenders because of its low interest rates, multiple repayment options, and quick loan approval. They also offer free comprehensive insurance and the best warranty policy in the market.

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