This is a loan issued to individuals for the sole purpose of purchasing a 2 and 3-wheeler for business.

Terms for the applicant;

• Customer must be an active user of Mastaboda QR payment solution
• Customer must operate an Account with NMB for not less than 3 Months
• Customer should have a national ID
• Valid drivers' License
• Should be a member of a registered association
• Should have an introduction letter from the association

Mastaboda Loan Terms

• Weekly Repayments
• The vehicle will have comprehensive insurance
• The vehicle will be installed with a tracking system
• A customer will be required to pay 20% of the price of the motorcycle as an initial payment
• The tenure of the loan is 12 to 24 months