BODA FINANCE TO RIDERS

Parameter Remark
Purpose For purchase of New Boda
Target Groups Boda Riders attached to stages
Facility Type Short Term Loan
Limit Max 90% of the cost of the Boda within our single borrower exposure limit.
Tenor Max 24 Months
Rate of Interest Flat 2% Interest per month or its part.
Repayment Weekly Instalments
Down Payment UGX 1,000,000
Documents Required

   National ID/ Passport

   Driving Permit

   2 Recent Passport size photographs

   Copy of Invoice

   Details of Down payment/subsequent payments if any

   ID from Boda Boda Association/Stage Card

   Two Guarantors (One another Boda Rider and other from Family)

   Recommendation & Undertaking by Boda Association

Updated on : 1/ 1/ 2018