Phoenix Capital – We Enable, You Prosper
Boda boda Loan
Grow your income without parking your bike. Use your motorcycle logbook to access quick financing with affordable daily repayments.
Up to KSh 50,000
3–36 months
From 4.0% p.m.
2 hours average time
— How This Loan is Different
Built for riders and owners
Whether you own one motorcycle or manage a fleet, our Boda Boda Loan helps you access working capital while keeping your business moving. Continue earning as you repay through manageable daily instalments.
Keep Riding
Your motorcycle stays on the road while you repay.
Fast Processing
Quick approvals to get you back to business.
Daily Repayments
Small, predictable payments that match your earning cycle.
— Process
How it works
Six steps from application to a settled bill.
How the application works
Six simple steps from application to financing. Once approved, you keep riding while repaying through affordable daily instalments.
Apply
Submit your application online or visit your nearest Phoenix Capital branch.
Bike Assessment
We verify ownership and assess the value of your motorcycle.
Documents
Submit your motorcycle logbook, ID, KRA PIN and income documents.
Loan Offer
Review your approved amount, repayment schedule and accept the offer.
Logbook Security
A security interest is registered while you continue using your motorcycle.
Receive Funds
Funds are sent to your bank or mobile money so you can grow your business.
— Eligibility
Who qualifies, and what to bring
- Registered motorcycle owner
- Original motorcycle logbook
- Active income from boda boda operations
- National ID and KRA PIN
- 6 months of M-Pesa statements
- Sacco number / Sacco name, and stage number
- Meet our credit assessment requirements
Daily Repayment Schedule
All amounts in Kenya Shillings (KES). Daily repayment shown is the fixed amount due each day for te elected loan amount and repayment periodd.
| Loan Amount (KES) | Period (Months) | Daily Repayment (KES) |
|---|---|---|
| 10,000 | 1 | 392 |
| 2 | 225 | |
| 15,000 | 1 | 575 |
| 2 | 325 | |
| 20,000 | 2 | 425 |
| 3 | 314 | |
| 4 | 258 | |
| 22,500 | 2 | 475 |
| 3 | 350 | |
| 4 | 288 | |
| 25,000 | 2 | 525 |
| 3 | 386 | |
| 4 | 317 | |
| 30,000 | 2 | 625 |
| 3 | 458 | |
| 4 | 375 |
Branches available
Head Office is in Kilimani, Nairobi, with branches across the city and beyond.
Kilimani
8th Floor, The Arch Place, Nyangumi Road
CBD Town
12th Floor, Finance House, Loita Street
Hurlingham
4th Floor, Marala Oasis
Buruburu
2nd Floor, Fairline Centre
Utawala
1st Floor, Grey Park Annex
Kiambu
8th Floor, Bishop Ranji House
Thika
1st Floor, Maisha Heights
Kitengela
3rd floor Kitengela Mall
Licensed lending, on the record.
Phoenix Capital Limited is licensed by the Central Bank of Kenya (CBK) as a Digital Credit Provider under the Central Bank of Kenya Act, and is listed on CBK's public directory of licensed lenders. Every loan we issue comes with a written offer, transparent terms, and a formally registered NTSA transfer — no informal side agreements.
— Apply
Start your application
Frequently Asked Questions
What is a bodaboda loan?
A bodaboda loan helps you acquire a motorcycle (or tuk-tuk) for business use by paying an initial deposit and financing the balance over an agreed repayment period, rather than paying the full purchase price upfront.
What deposit is required?
Deposits for motorcycle financing in the Kenyan market commonly range from about KSh 15,000 to KSh 25,000 (or roughly 20% of the bike’s value), depending on whether the bike is new or second-hand. Confirm the exact deposit for your preferred model with our team.
What documents do I need?
- National ID and KRA PIN
- Valid driving license
- M-Pesa statements (commonly the last 3–6 months)
- One or more guarantors, along with their ID copies
- A registered Safaricom line that’s been active for a reasonable period
How is ownership handled during the loan period?
The motorcycle’s logbook is held jointly (or registered in Phoenix Capital’s name together with yours) until the loan is fully repaid. Once you’ve cleared all installments, full ownership and the logbook are transferred to you.
How long is the repayment period, and how do I pay?
Repayment periods commonly range from about 12 to 18 months (sometimes structured in weekly invoices, with an option to pay daily), depending on the agreement.
What is the interest rate?
Because a bodaboda loan finances the purchase of a new asset (rather than borrowing against a motorcycle you already own outright), its pricing is set based on the specific model, deposit, and repayment term — this will be clearly disclosed in your offer before you sign. If you already own a motorcycle outright and want to borrow against its logbook instead, that would fall under our standard logbook loan terms (4% per month).
What happens if the motorcycle is involved in an accident or is stolen?
Report it immediately to Phoenix Capital and to the nearest police station, and share the police abstract/OB number with us as soon as possible so we can guide you on next steps, including any insurance claim process.
How do I apply?
Visit a branch (or apply online where available) with your ID, KRA PIN, driving license, and guarantor details, pay the required deposit, choose your motorcycle model, and — once approved — ride out with your bike the same day or within a few hours in most cases.