With a low down payment, a longer repayment period, and no additional fees, Mogo Loans – SMC Ltd, a global Eleving Group company, offers Boda Boda financing.
Mogo Loans – SMC Ltd is a global Eleving Group company that offers Boda Boda financing that is transparent, flexible, offers a long repayment period, has a low down payment, and does not charge hidden fees.
They provide you with the most popular Boda Boda models.
With them, you can begin running your own Boda Boda within 48 hours. This is thanks to their efficient and adaptable service of mogo loans also known as boda boda loans.
In just a short time, you can travel back with your Boda Boda after making an initial payment of UGX 700,000.
Depending on your option, you can purchase your motorcycle after 78, 104, or 112 weeks of payments with a repayment plan starting at as little as UGX 75,000 per week. Here’s more on how to get yourself a Mogo loan.
Who can get a boda boda loan?
To be eligible for a loan from MOGO, you must:
- Be a member of a Boda Boda Stage for at least six months.
- A stage guarantee should be provided.
- A passport or national identity card is required.
- Select from the following motorcycle models: Bajaj BM 100cc, Bajaj CT 125cc, TVS Star HLX 125cc, UG Boss 100cc, Hero Hunter 125cc, and Haojue Express 125.
- Select a 3-wheeler model of your choice: Tuk-Tuk Bajaj RE 4s, Simba Sumo Cargo Transporter, Zongshen Cargo Transporter.
How can you get your own Boda Boda?
- Start by selecting your preferred boda boda model
- Choose the loan period (78, 104, or 112 weeks) and instalment amount when you visit the MOGO Branch for document verification.
- Sign a contract and make the initial payment starting at UGX 700,000 after a quick identity check. In 48 hours, your bike will be ready.
- Take advantage of their convenient weekly payment plan and ride your brand-new Boda! Once you pay back the loan, the motorcycle will officially be yours.
Conclusion
With Mogo loans, you can get your boda boda in just a short time. All you need is an initial deposit of UGX 700,000, sign a contract with the company and thereafter schedule a weekly repayment plan.
So long as you complete your payment, the boda boda will officially be yours! There are several Mogo loan offices around Uganda in areas such as Kampala, Lira, Masaka, Iganga district, and more.
You can reach them on their numbers; +256312405800, +256200405800 or send a WhatsApp message to +256312405800.
Alternatively, you can write to them via info@mogo.co.ug. They work from Monday to Sunday so you can easily contact them at any time
