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Watu Credit Boda Boda Loan – Requirements

Watu Credit Boda Boda Loan – Requirements

Watu Credit is one of Kenya’s leading motorbike financing solutions providers. The company offers a range of flexible and affordable financing options to help individuals and businesses acquire motorbikes and tuk-tuks for personal or commercial use. You can easily access Watu Credit boda boda loan services through their branches spread across the country. You can visit any of their branches near you for financing and other related services.

Watu Credit Motorbike Prices

Are you looking for Watu Credit Motorbike prices and loans? You are in the right place. Learn about Watu Credit Motorbike prices and loans to guide you on whether to go for Watu Credit motorbike financing or opt for alternative boda boda loan providers.

How much does a boda boda cost? A brand-new bodaboda in Kenya can cost anything between KES 70,000 to KES 300,000, depending on its model, specifications, and the dealership. Different dealers have different prices for their motorbikes.

To learn more, see our comprehensive guide on TVS Motorbike prices in Kenya.

Watu Credit Boda Boda Loans

Are you looking for financial help from Watu Credit for a Motorbike? Watu Credit offers financing options for owning a boda boda and tuk-tuk in Kenya with flexible payment terms of up to 24 months.

They also deal with various boda-boda or tuk-tuk models such as TVS, Honda, Haojin, Piaggio, Sonlink, Skygo, and many more.

Types of Loans Offered by Watu Credit in Kenya

  1. Boda boda and tuk-tuk loans
  2. Smartphone Loans (Watu Simu) – Watu Simu finances a select range of Samsung Galaxy smartphones.
  3. Car Financing in Kenya – Popularly referred to as Watu Gari, which offers loan terms of up to 60 months.

Watu Credit Boda Boda Loan – Requirements

Here are the requirements to get a bodaboda or tuk-tuk loan from Watu Credit;

  1. KRA Pin Certificate
  2. Original National ID – for the borrower and 1 Guarantor.
  3. 1 Guarantor – aged between 20 years and 65 years
  4. Two referees – 18 years and above
  5. Minimum Deposit of KES 20,000 for Motorcycle financing or KES 50,000 for Tuk-tuk financing.
  6. M-Pesa registered Safaricom phone number – must have been in use for the last 6 months

Once you have met all the above criteria, you will get a Watu Credit motorbike with comprehensive insurance and GPS tracking services.

Watu Credit Boda Boda Loan Down Payment

For a boda boda financing loan, you must make a minimum down payment of KES 20,000; for a Tuk-tuk financing, the minimum deposit is KES 50,000.

Watu Credit USSD Code

Dial the USSD Code *876# and follow the prompts to access the Watu Credit online services.

How To Check Watu Credit Loan Balance

You can check your Watu Credit loan balance and other online services via the USSD code *876# and follow the prompts. You can only access the USSD code services through the phone number you provided during the loan application process.

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Written by The County Info

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