Boda Boda Loan
Tailored payment plan
Your bike is more than transport, it’s how you make a living. We make it easier to own one and keep earning.
Whether you’re getting your first bike or adding another to your fleet, our Boda Boda loan is built around the way riders work every day. Repayments are flexible and designed to fit your daily income, so you can stay focused on the road.
Choose from trusted fuel and electric motorcycle brands through our partners, including Bajaj, Honda, TVS, and Kibo. We keep the process simple so you can get on the road faster
What’s included
Every Boda Boda loan comes with health and life insurance cover to protect you in case of accidents, hospital bills, or time away from work. Because when you’re off the road, your income shouldn’t be left unprotected.
Why Fortune Credit
- Flexible repayments that match how you earn
- Quick and simple application process
- Fuel and electric bike options
- Insurance included
- Trusted partners across Kenya
Our partners
What our clients say
“Tangu nipate bike from Fortune Credit, I now earn almost double of what I used to earn every week. Life yangu imechange kabisa.”
Benjamin Omukanda
Fortune Credit Client
“Fortune Credit has excellent customer service. They are supportive na easy to engage with anytime.”
Kennedy Obacha
Fortune Credit Client
Frequently asked questions about the Boda Boda Loan
About the Loan
What is a Boda Boda Loan?
A Boda Boda Loan is a motorbike financing solution that helps riders, operators, and business owners purchase or refinance a motorcycle through affordable daily repayments.
Who is eligible?
To qualify, you must:
- Be a Kenyan citizen aged between 18 and 60 years
- Be stage-registered or have a stable source of income
- Have a valid A2 Driving Licence
- Provide two guarantors (Stage operators must have the stage chairman present)
- Meet Fortune Credit's credit assessment requirements
Which fuel bikes are available for financing?
- Bajaj
- Honda
- TVS
- Kibo
Application Process
How do I apply?
- Visit your nearest Fortune Credit branch.
- Choose the motorbike that best suits your needs and business.
- Submit the required documents for assessment and approval.
- Complete and sign the Fortune Credit loan agreement form.
- Visit the authorized dealer partner and collect your motorbike.
What documents are required?
- Original National ID
- KRA PIN Certificate
- 12 months of M-PESA statements
- Two passport-size photos
- Two guarantors with original National IDs
- Valid stamped A2 Driving Licence
Additional requirements:
Private riders
- Business permit/licence OR
Three months' payslips - One work colleague as a guarantor
Online riders
- Stamped Peleza report, AROPE certificate, or Certificate of Good Conduct
How long does approval take?
24–48 hours after submitting all required documents
Loan Terms & Conditions
How much can I borrow?
Depends on the motorbike selected for financing
Repayment period?
12–18 months, with daily payments
Interest rate?
Flat rate of 4% per month
Are there any additional charges?
Mandatory deposits:
- KSh 30,000 for new bikes
- KSh 20,000 for second-hand bikes
Deposit breakdown for clarity:
- Registration fee – 1,000
- Processing – 7,500
- Comprehensive insurance – 9,000
- Credit life – 2,300
- Tracking fee – 7,000
- Legal fee – 1,200
- Personal accident cover – 2,000
Disbursement & Repayment
How are the loans disbursed?
The loan is paid directly to the approved motorbike dealer or vendor.
Repayment period?
12–18 months, with daily payments
How do I repay?
Repayments can be made via:
- Via M-PESA Paybill: 4075059
- Account Number: Your National ID Number
Can I repay early?
Yes, early repayment is encouraged.
Account Management
How do I check my balance?
- Automatic SMS after each payment
- Contact your loan officer or customer support
What happens if I miss a payment?
If you miss a repayment, simply contact our friendly loan officers to arrange a flexible repayment plan that works for you.
Can I top up my loan?
Yes, if:
- Your repayments are up to date
- You have repaid at least half of your current loan
- You have maintained a good repayment record
Customer Support
How can I get help with my loan?
- Contact your assigned Credit Officer directly
- Visit your nearest Fortune Credit branch
- Find branch contact details on the Contact Us page on our website
Is my motorbike safe in emergencies?
Yes, we have a 24/7 standby recovery team.
Frequently asked questions about Electric Boda Financing
About the Loan
Which electric bike brands are available for financing?
The available bike brands are:
- ROAM Electric Bikes
- ARC RIDE Electric Bikes
- RHINGGO Electric Bikes
- ZENO Motorbikes
What are the ROAM Electric Bike financing options?
Standard Pricing
| Loan Tenor | Battery Option | Deposit (KES) | Daily Repayment (KES) |
| 24 Months | 1 Battery | 25,000 | 527 |
| 24 Months | 2 Batteries | 30,000 | 795 |
| 18 Months | 1 Battery | 25,000 | 645 |
| 18 Months | 2 Batteries | 30,000 | 975 |
Offer Pricing (24 Months Only)
|
Battery Option |
Deposit (KES) |
Daily Repayment (KES) |
|
1 Battery |
15,000 |
544 |
|
2 Batteries |
20,000 |
823 |
What are the ARC RIDE financing options?
Standard Pricing
| Loan Tenor | Deposit (KES) | Daily Repayment (KES) |
| 24 Months | 25,000 | 395 |
| 18 Months | 25,000 | 470 |
Offer Pricing
| Loan Tenor | Deposit (KES) | Daily Repayment (KES) |
| 18 Months | 15,000 | 498 |
| 24 Months | 15,000 | 418 |
What are the RHINGGO Electric Bike financing options?
|
Loan Tenor |
Deposit (KES) |
Daily Repayment (KES) |
|
24 Months |
15,000 |
432 |
|
18 Months |
15,000 |
514 |
What are the ZENO Motorbike financing terms?
|
Loan Tenor |
Deposit (KES) |
Daily Repayment (KES) |
|
24 Months Only |
20,580 |
455 |
Application Process
What is the first step in applying for electric bike financing?
The first step is pre-approval. A potential client must share a full 12-month M-Pesa statement for review. Once approved, the client can visit the office with the required documents.
What documents are required if the borrower is also the rider?
The client must provide:
- Original National ID or Passport
- Class A2 Driving License or A2 PDL
- KRA PIN
- Copy of a Guarantor’s ID
- Copy of Next of Kin ID
What documents are required if the borrower has a separate rider?
Borrower Requirements:
- Original National ID or Passport
- KRA PIN
- Copy of a Guarantor’s ID
- Copy of Next of Kin ID
Rider Requirements:
- Original National ID or Passport
- KRA PIN
- Class A2 Driving License or A2 PDL
- Copy of Next of Kin ID
Please note:
- The rider is not considered a guarantor.
- The next of kin must be a family member.
Repayments
Are all payments made in Kenyan Shillings?
Yes. All prices, deposits, and repayments are in Kenyan Shillings (KES).
Loan Terms & Conditions
Are terms and conditions applicable?
Yes. All financing options are subject to terms and conditions.
Ready to Apply?
Talk to us today or apply directly on our website. Our team will walk with you through every step.