How To Get Boda Boda Banja Loan Fast In Uganda

Last Updated on February 26, 2023 by KWS Adams
boda boda loans in uganda

Here is how to get boda boda banja loans in Uganda and profit from this lucrative business as your own boss.

With many boda bosses enjoying the daily cash-in out of their investments, it becomes hard for the riders to enjoy maximum freedom and ownership since that happening would mean a cut in the owner’s earnings. The above and others are some of the reasons many seek ways in which they can get their own boda-boda’s in order to enjoy full control.

In Uganda, getting a Banja boda is a dream come true. In fact, the riders you see on Kampala streets and other towns are riding their own after managing to get a helping hand in form of a loan from different providers. And you can tell how it feels to own a personal commercial motorcycle if you are able to speak to those guys you see every day.

In case you are still stranded but really want to become a boda boss of your own, visit any of the 5 Boda-Boda loan providers below to get an easy boda Banja loan fast.

5 Best Boda Boda Loan Companies in Uganda

  • Tugende boda
  • Opportunity bank boda loan
  • Mamidecot Uganda boda loan
  • SafeBoda Loan
  • Boda Boda Banja Ltd

#1. Tugende boda

I never knew about the Tugenda boda service not until, Mugumya, a friend of mine who is a safeboda rider narrated it to me. Tugende is a boda leasing service that helps full-time motorcycle drivers get access to their own bikes.

Tugende Motorcycle Loan Requirements

  • Being at least a one experienced rider
  • Belonging to a certain stage for at least 6 months
  • Attending daily classes
  • Provide 2 guarantors who can be your family or friend

The above gives you access to become your own boss courtesy of tugende. Visit any of the Tugende branch offices or https://www.gotugende.com/ to get started.

#2. Opportunity bank boda loan

If you have a dream of expanding your business, opportunity bank has a plan for you. Through their boda-loan which is aimed at helping motorcycle riders to succeed and enlarge their business, you are on track. All you need is to visit any of their branches and make an inquiry.

Requirements:

  • An initial deposit of 500,000/ ugx
  • An active bank account with them.
  • A motorcycle riders license
  • Be a member of a stage, etc.

Visit any of their opportunity bank branches and make inquiries. Also, check all requirements on https://www.opportunitybank.co.ug/loans/boda-boda-loans/

#3. Mamidecot Uganda boda loan

If you are a youth and really want to become self-employed, a Mamidecot boda loan is suitable for you. With a mission meant to improve mobility, transport of goods to the market, etc, you are a few days to join the rider owners from the employees level.

Mamidecot Uganda Loan Requirements:

  • Open up an account with them.
  • Get a Banja loan when its the time.

Visit Mamidecot office located at Masaka-Kampala road adjacent Nyendo-Total fuel station and make an inquiry. Also, check all requirements on http://mamidcotug.com/loans

#4. SafeBoda Loan

SafeBoda is another service provider which gives riders boda-boda loans. Also known for offering a safe riding experience with well-trained riders, you can never go wrong with them as your choice.

SafeBoda Motorcycle Loan Requirements:

  • You must be their safe-rider

Visit the SafeBoda office for more on this. Also, check all requirements on https://safeboda.com/ug/

#5. Boda Boda Banja Ltd

I know many of you know about this scheme. The scheme is available in Kampala with an aim of helping riders become self-employed and enjoy the benefits associated.

Boda Boda Banja Requirements

  • Valid applicant Identity card
  • Valid ID for the 2 guarantors
  • LC1 introduction letter better
  • Motorcycle Riders license
  • Passport photos for the applicant and his guarantors

Check out the full list of the 10 best boda loan companies in Uganda and make a choice of where to go when it comes to obtaining such a loan.

How To Get Boda Boda Banja Loan Fast In Uganda

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