Are you looking to start or expand your boda boda business in Kenya? Watu Credit offers affordable motorbike loans with quick approval, flexible repayment plans, and minimal requirements. Whether you’re a first-time borrower or expanding your fleet, this guide covers everything you need to know about the Watu Credit Motorbike Loan, including eligibility, application steps, and repayment details.
Why Choose Watu Credit for Motorbike Financing?
Watu Africa is a leading asset financing company in Kenya, empowering entrepreneurs with accessible loans for boda bodas and tuktuks. Here’s why borrowers prefer Watu:
- Fast processing (loan approval in 2 hours).
- Flexible repayment (up to 24 months).
- No hidden fees—transparent pricing.
- GPS tracking is included for security.
- Wide bike selection (Honda, Bajaj, TVS, and more).
Watu Credit Motorbike Loan Requirements
To qualify, you need:
- Original National ID (for borrower and 1 guarantor).
- KRA PIN certificate.
- Guarantor (aged 20+ years).
- Two referees (aged 18+).
- Minimum down payment (varies by bike model).
- Active Safaricom line (registered for M-Pesa, used for 6+ months).
Note: Borrowers aged 18–19 must apply with a guardian.
How to Apply for a Watu Motorbike Loan
The process is simple:
Step 1: Visit a Watu Branch or Dealer
Locate a Watu office or authorized dealer near you.
Step 2: Select Your Bike
Choose from brands like Bajaj, Honda, or TVS.
Step 3: Sign the Agreement
Pick a repayment plan (weekly installments) and complete paperwork.
Pro Tip: Dial *876# to check your loan balance anytime.
Repayment Terms & Conditions
- Weekly payments via M-Pesa (Paybill: 650880, Account: Your ID Number).
- Late payments incur a 0.5% daily penalty and a KSh 5,000 collection fee if overdue by 10+ days.
- Defaulting may lead to bike repossession, but you get a 7-day grace period to repay arrears.
- Early repayment is allowed, but interest remains fixed.
Frequently Asked Questions (FAQs)
1. Can I sell the bike before repaying the loan?
No—you need Watu’s written consent until the loan is fully paid.
2. What happens if my bike is stolen?
Report immediately; Watu may require full repayment or a replacement.
3. Is insurance included?
Yes, comprehensive insurance is covered in the first year (renewal is your responsibility).
Conclusion
A Watu Credit Motorbike Loan is a smart way to own a boda boda and grow your income. With low down payments, quick approval, and flexible terms, it’s a popular choice for Kenyan entrepreneurs. Ready to apply? Visit a Watu branch today and ride toward financial freedom!
Need help? Contact Watu Customer Care: 0790 000 999.
Disclaimer: Terms may change. Always confirm details with Watu Credit before applying.
Watu Credit Contacts
Phone number: 0790 000 999, 0709 739 000
Email: [email protected]
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