Top 5 Cheapest Bodaboda Loans In Kenya

Cheapest Bodaboda Loans

BodaBoda 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 TheCounties.Info, we have an updated catalog 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, deposits, and daily installments.

This means that you have to do your homework, ask all the necessary questions, and seek clarification before signing for the motorbike loan.

3. Loan Security: In almost all, of 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 repossess the motorcycle in case you default on the loan repayments.

In case 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 to pay less interest in case you get cash early and wish to clear the balance in a lump sum. 

The 5 Best Bodaboda Loans for 2023

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


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

M~kopa 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.

M-Kopa Requirements For Boda Boda Loan

The required down payment for all Honda motorcycles by Mkopa is Ksh 15,000. You can then choose your most convenient installment 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, Driving License, and TIMS Number.

M-kopa 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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Written by The County Info

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