How much deposit is needed for a boda?
There's no single fixed deposit amount — it depends on the specific motorcycle and your assessment. Here's what actually drives the number, so you can plan ahead.
What affects your deposit
- The motorcycle's price. A higher-value motorcycle generally means a higher deposit in absolute terms.
- Petrol versus electric. Purchase prices differ between motorcycle types, which affects deposit sizing.
- Your assessment outcome. Your income verification, CRB check and guarantor strength all factor into what Baikal confirms as your final deposit.
- Your chosen repayment period. A longer repayment period can affect the deposit-to-loan balance a financing officer recommends.
How to plan for it
Start saving as early as possible, even before you're approved. Having your deposit ready — or close to it — means you can move straight from approval to signing your agreement without delay.
Try our payment estimator on the homepage: enter a motorcycle price and a deposit amount to see an indicative weekly payment. It's for planning only — your actual deposit and terms are confirmed by a financing officer.
What happens after your deposit is paid
Once your deposit is paid and your agreement is signed, you collect your motorcycle and begin weekly repayments on the balance. Read our guide on how weekly payments work for what comes next.