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If you want a boda boda loan in Kenya from an institution you can trust, join Ndege Chai Sacco. The loan interest rate is 14% per annum reducing balance. Repayment is 18 months. You will only pay Ksh 15,000 as the down payment.
Below are the terms of the loan
- Product to be insured
- Repayment period is 18 months
- Interest rate is 14% p.a.-reducing balance
- Has to be guaranteed by 4 guarantors
- Logbook to be retained by the financier until clearance of the loan
- Loan to be classified as asset finance
- Member to contribute Kshs 15,000 of the cost of the motorcycle.
- Motorbikes will be disbursed on first come first served basis.
To get the loan,you have to become a member of Ndege Chai Sacco.
Below are contacts for the Sacco
Ndege Chai Building, Kericho
info@ndegechaisacco.com
(+254)052-2030121
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