Boda Boda Purchase Loans

A tailor made product for those who are registered cyclists but cannot afford their own motorcycles.

  • Opening of savings account with Yako
  • Uganda National ID and stage card.
  • Non refundable payment of 50,000 UGX for processing of loan.
  • Initial Deposit of only 1,000,000 UGX.
  • All motor cycles are covered with Comprehensive & Credit life insurances.
  • Competitive Interest rate of 2% per month calculated on reducing basis.
  • Free SMS alerts on every transaction & free statements on demand.
  • Repayment 20 months/86 weeks (weekly payment basis)
  • Weekly payment of 60,000 UGX.
  • Contribution of 5000 UGX towards his savings account on weekly basis