Visit one of our branches near you.
Our team will guide you to select a suitable asset.
Select your preferred repayment plan and sign the agreement.
Ride away with your newly acquired asset! Get Started
We are always available on various platforms to take care of all your customer needs.
Our operations are automated and aim to get your asset processed within 24 hours.
No hidden fees; what you see is what you get!
Watu is one of the leading asset financing companies in Tanzania and East Africa, providing boda boda and tuk tuk loans to thousands of aspiring business owners every day!
With down payments starting as low as Tshs 400,000, you can become the proud owner of your boda boda within 24 hours! Now get motorbike financing for any one of the following brands in Tanzania: Bajaj, Hero and TVS.
To qualify for a loan, one is required to have the following:
– Original and valid government issued identification document example:
– Valid driving license
– National ID (NIDA)
– Voter’s registration card (kadi ya mpiga kura)
– Original TIN certificate
– Introduction letter from local government.
– 1 guarantor with an original ID
– Minimum down payment of Tshs 400,000
In Tanzania, the boda boda loan duration is between 8 and 15 months.
Yes, you can travel outside Dar es Salaam during your loan period; however, this is only for short trips. Please notify us if you intend to travel.
You can make these payments via M-PESA, Tigo Pesa and Airtel Money to the Paybill number 650880 provided. No cash payments are accepted.
The loan is made up of principal, interest and fees (for example, GPS tracking, registration card transfer fee and insurance costs). You will find this information summarised in your loan agreement.
The official Watu Paybill number for weekly payments is 650880 through M-PESA, Tigo Pesa and Airtel Money. No cash payments are accepted.
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