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Boda Boda Loan
Boda Boda Loan finances motorcycle ownership through an initial deposit and flexible repayment plans in Uganda.
Boda Boda Loan lets eligible customers pay an initial deposit, receive a motorcycle, and repay over 12, 24, or 30 months. Applications can be started online, through the Asaak app, or at an Asaak office.
It is intended for boda boda drivers and other African entrepreneurs. Weekly payments depend on the motorcycle model, deposit, loan duration, and whether a permit is needed; repayment terms are generated for each applicant.
Features
- Finances boda boda motorcycle ownership
- Offers 12-, 24-, or 30-month repayment plans
- Requires an initial deposit
- Supports online and in-person applications
- Provides personalized repayment schedules
- Allows repayment through the Asaak app
- Accepts mobile-money, bank-account, RTGS, and EFT payments
Use cases
- Finance a motorcycle for personal boda boda work
- Apply for motorcycle financing online or at an Asaak office
- Repay a loan through mobile money or the Asaak app
- Build an Asaak credit history through timely repayments
- Review a personalized payment schedule before repayment