Cheapest Motorbike Loans In Kenya

If you're looking for the cheapest motorbike loans in Kenya, there are a few options available.

Owning a motorbike in Kenya can be a huge advantage, providing convenience and flexibility in transportation. 

However, the cost of buying a motorbike may be out of reach for many individuals. 

This post will help you navigate various boda boda loan providers in Kenya and help you find your preference.

Let's dive right in to look at some of the institutions offering the cheapest motorbike loans in Kenya.

5 Cheapest Motorbike Loans In Kenya

  1. Mwananchi Credit
  2. Mogo BodaBoda Loans
  3. Watu Africa
  4. KCB bank
  5. Progressive Credit Limited

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1. Mwananchi Credit Loans

Mwananchi Credit is a financial institution in Kenya that offers a wide range of financial products and services, including motorbike loans and emergency financing.

Their motorbike financing option provides an affordable way to purchase a motorbike. 

Mwananchi Credit Loan Features

You can obtain a Mwananchi credit motorbike loan with daily payments as low as KES 300, at an annual percentage rate (APR) of 36% over a 12-month term.

The loan amount is Kshs 100,000 with a fixed annual rate of 36%, making the total payable amount Kshs 136,000, divided into monthly installments of Kshs 11,333. 

The repayment period is between  12 - 48 months and is done directly using M-Pesa.

Requirements For Mwananchi Motorbike Financing

  • A colored passport photo
  • Have a copy of your ID
  • Have a copy of your KRA PIN
  • Have a six-month certified M-Pesa statement
  • Three guarantors (Provide ID copies; one guarantor must be a relative)
  • Client contribution: KES. 15,000

Mwananchi Credit Contact Information

Phone: 0709147000


Address: Ecobank Towers, 10th Floor, Muindi Mbingu Street, Nairobi.

2. Mogo BodaBoda Loans

Mogo BodaBoda Loans is another institution that provides cheap motorbike financing options in Kenya.

Mogo allows you to choose your desired motorbike model from options like Bajaj Boxer, TVS, Honda, Captain, and more.

If you are considering purchasing a motorbike, Mogo BodaBoda Loans offers the following benefits:

With a down payment of only 20%, you can start paying as little as KES 259 per day. 

Below are examples of daily payment amounts for each motorbike model offered by Mogo.

For a BM100 you pay KES 385 daily 

For a Haojin 110 you pay KES 259 daily 

And for a TVs 100 you pay KES 382 per day.

After a 52- to 104-week payment plan, you will own the motorbike.

Requirements for a Mogo Boda Boda loan

  • 20% Down Payment
  • 6-Month M-PESA Statement
  • Valid National ID
  • Have a KRA PIN
  • Age between 20 and 65 years old

Mogo Contact Details


Phone: 0768469112

Address: Pinetree Plaza, Kilimani, Nairobi

 3. Watu Africa

Watu Africa offers both the bodaboda and tuk-tuk finance solutions in Kenya.

You will need a down payment of Kshs 20,000, and walk out with a motorbike within 2hrs.

They offer flexible payment terms of up to 24 months. The loan also includes comprehensive insurance and GPS tracking services. 

In addition, Watu Africa works with over 400 authorized dealers across Kenya so you will get to choose a model of your choice. 

This includes models such as Bajaj, Haojin, Honda, TVs and more.

Eligibility Criteria for Watu Africa Motorbike Financing

To qualify for a loan, you need to have:

  • Have an original National ID (borrower and one guarantor)
  • KRA PIN Certificate
  • A minimum down payment of KES 20,000
  • One guarantor (20-65 years old)
  • Two referees

Watu Africa Contact Details

Customer Care 0790 000 999, 0709 739000

4. KCB Bank Bodaboda Loans

Kenya Commercial Bank (KCB), is one of the leading financial institutions in Kenya. 

They offer affordable motorbike loans of up to 70% financing to individuals who want to buy one.

Their loans include comprehensive insurance coverage that comes with the loan to ensure that you start your business directly.

KCB tuk-tuk loan repayment period of up to 12 months, which provides borrowers with enough time to repay the loan.

Requirements To Get KCB Tuk Tuk Loan

To qualify for the loan you need:

  • 3-month business bank statement
  • Proforma invoice from Boda Boda dealer
  • 6 months of 'KCB banking history' or 3 months of 'group savings'

KCB Contact Details

Contact Centre: +254711087000, +254732187000, +254202287001

Whatsapp line: +254711087087

5. Progressive Credit Limited

Progressive Credit Limited allows one to own a motorbike in Kenya by offering cheap and affordable motorbike loans.

They give loans up to KES 100,000 with a maximum repayment period of up to 3 months. 

They have a wide selection of motorcycle brands to choose from, including TVS, Boxer, Honda, and more allowing you to choose your fit.

Requirements for a Progressive Credit Limited Loan

  • Original National ID
  • KRA Pin
  • 1 Guarantor

Progressive Credit Limited Contact Details

Customer Care: 0704448755


Whatsapp: 0789796477


With the 5 cheapest motorbike loans in Kenya listed above, finding the one that's right for you is now much easier.

When considering a motorbike loan, it is essential to carefully review the interest rates and repayment options offered by these institutions. 

With the right institution and a well-planned repayment strategy, owning a motorbike in Kenya can be a reality for many individuals.

This was a guest post from Dan Brandy of, a financial writer and analyst. With 3+ years of finance experience, he's passionate about matters related to money and business. 

Connect with Dan Brandy on Linkedin to stay updated with his insights and expertise."


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