Riders to Pay Lower Deposit as Watu Cuts Motorcycle Financing Cost
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Watu Credit has lowered the deposit required for new customers seeking motorcycle financing, reducing the upfront payment from 35% to 27% effective October 1, 2026.
In a statement dated October 5, the company said the new terms are intended to make it easier for customers to acquire motorcycles for boda boda and delivery businesses.
“Asset finance lender Watu Credit has cut the deposit riders pay to acquire a motorcycle on credit to 27 per cent from 35 per cent, lowering the cost of entering the boda boda and delivery trade,” Watu Credit stated.
Watu Credit Financing Offer Covers Four Motorcycle Brands
Watu Credit highlighted that returning customers who qualify for the offer will pay a 24% deposit, down from the previous 30%.
Also Read: Watu Secures Ksh 906M Funding to Expand Financing Across Africa
According to the company, the revised financing terms cover selected motorcycles from four brands, including Boxer, TVS, Honda and Haojin.
Watu said the deposit is, for most riders, the highest upfront cost they have to meet before a motorcycle can begin generating income.
“Lowering the entry point gives riders a stronger offer and gives us a stronger proposition in the market,” said Damien Gueroult, Watu’s Country Manager for Kenya.
In addition, the company stated that the new terms will be available through Watu’s branches as well as its network of local dealers and agents.
“Our local dealers and agents remain at the centre of how we grow,” Gueroult said.
The move comes as the number of motorcycles being registered in Kenya continues to increase.
Also Read: Stolen Motorbike Case in Thika Fuels Push for Centralised Registration
According to the Kenya National Bureau of Statistics (KNBS) Economic Survey 2026, 241,763 motorcycles and auto-cycles were newly registered in 2025, up from 118,308 in 2024.
This shows that motorcycle and auto-cycle registrations more than doubled during the period.
The KNBS survey report further reveals that motorcycles and auto-cycles accounted for about six in every 10 of the 395,235 vehicles and motorcycles registered in Kenya in 2025.
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Watu Headquarters. PHOTO/ Khusoko.