VF Uganda | Boda Boda Loan Product
"Drive yourself to success"
Description:
- This loan is offered to individuals for the purpose of acquiring motorcycles for business.
- The client contributes a minimum of Shs. 1million or 17% of the loan amount applied for.
- Loan amount up to Shs. 10million available.
- The repayment period is up to 24 months.
- Repayment frequency is monthly, bi-monthly or weekly.
- One client can acquire more than one motorcycle as long as they have the capacity to manage loan installments.
Benefits:
- No security required.
- Larger loan amount.
- Flexible repayment frequency. (Pay as you earn)
- Less interest burden with our reducing balance method.
- Insurance coverage for your motorcycle.
- Clients can acquire more than one motorcycle at the same time.