By Sylvia Johnson, LagosMove Senior Editor
Last updated: October 25, 2026
You can apply for keke financing in Lagos through Leap Mobility, which lists a Yaba office and offers TVS three-wheelers on lease-to-own terms. Omiye Microfinance Bank advertises loans for new tricycles. Bolt and SGX Mobility launched an electric keke lease-to-own scheme in Lagos in 2025. None of these providers publishes a full, current deposit and repayment schedule for every applicant. Get a written quote before you pay anything.
Key Takeaways
- Leap Mobility is the clearest Lagos option. It lists an office in Yaba and says it reviews applications within 48 to 72 hours.
- Omiye Microfinance Bank lists its documents publicly, including two guarantors. Its page does not confirm that it serves Lagos.
- Bolt’s electric keke lease, as reported by TECHCABAL, required a ₦208,000 down payment on a ₦3.2 million vehicle. Other reports gave different figures.
- MAX runs a keke rental plan, not hire purchase. Its FAQ lists ₦40,000 upfront plus an activation fee.
- New keke asking prices on CDCARE ranged from about ₦4.4 million to ₦5.0 million in October 2026.
- Always compare the total amount payable, not just the deposit.
What Hire Purchase, Lease-to-Own and Rental Mean
These three terms get mixed up, and the difference affects your money.
- Hire purchase: You pay in installments. The keke becomes yours after the final payment.
- Lease-to-own: This works much like hire purchase. You use the vehicle while paying, and the provider transfers ownership at the end of the term.
- Rental: You pay to use the keke. You do not own it, no matter how long you pay.
When a provider says “buy keke and pay later,” ask which of these it means. Get the answer in writing.
Keke Financing Options in Lagos Compared
| Provider | Type | Lagos presence | Published costs | What to confirm |
|---|---|---|---|---|
| Leap Mobility | Lease-to-own / financing | Yaba office listed | None published for keke | Deposit, installments, term, total cost |
| Omiye Microfinance Bank | Tricycle loan | Not confirmed | None published | Service area, loan amount, rate |
| Bolt and SGX Mobility | Electric keke lease-to-own | Lagos launch reported in 2025 | Reported figures conflict | Current terms, eligibility, how to apply |
| MAX | Rental | Lagos | ₦40,000 upfront plus activation fee | You will not own the keke |
| Fomas Integrated Services | Hire purchase (company profile) | Not confirmed | None published | Whether a keke offer exists now |
| CDcare | Retail with installment option | Online store | ₦4.4m to ₦5.0m asking prices | Delivery, extras, when you get the keke |
Where to Get a Keke on Hire Purchase in Lagos
1. Leap Mobility
LEAP MOBILITY‘s products page lists TVS three-wheelers for passenger and cargo use, with flexible daily repayments. Its contact page says repayments can be daily, weekly or monthly, depending on the agreement. It also says payments go through a Dot bank account.
Leap lists a Lagos office at Dot Place, 56A Moleye Street, Alagomeji, Yaba, and a second office in Jericho, Ibadan. You apply through its website or app, and the company says its team reviews applications within 48 to 72 hours. That is Leap’s stated process. It is not a promise of approval.
Leap does not publish a keke deposit, installment amount or term. Ask whether the vehicle is brand-new before you sign.
2. Omiye Microfinance Bank
OMIYE MICROFINANCE BANK advertises a Tricycle (Marwa) loan for drivers buying a new tricycle for business. It lists daily or weekly repayments and insurance cover.
Its page lists these requirements:
- A loan application form and a letter addressed to its MD/CEO
- Passport photos and valid IDs for you and your guarantors
- Post-dated cheques
- Two guarantors, with at least one civil servant
- A letter of introduction from a tricycle association
The page does not publish a loan amount, interest rate or term. It also does not confirm Lagos availability, so ask about the service area before you gather documents.
3. Bolt and SGX Mobility Electric Keke
In April 2025, TECHCABAL reported that Bolt was launching electric tricycles in Lagos with SGX Mobility. According to that report:
- Each tricycle cost ₦3.2 million.
- Drivers paid ₦208,000 down and spread the rest over 18 to 24 months.
- Payments were ₦32,000 weekly or ₦156,000 monthly.
- Daily battery swaps cost about ₦6,500, at a swap station in Eagle Square, Surulere.
- Bolt planned a 15% commission for these drivers.
Other launch coverage, including THISDAY‘s report, described the terms differently. Some reports said no upfront payment was needed. The scheme also links drivers to Bolt rather than offering an open private purchase. We could not find a verified public application page. Confirm current terms with Bolt through official channels.
4. MAX (Rental, Not Ownership)
MAX‘s FAQ describes a keke rental plan. It lists ₦40,000 upfront plus an activation fee that you confirm at its office. It also mentions a test ride and a guarantor. Rental gets you working quickly, but you will not own the keke.
5. Fomas Integrated Services
FOMAS‘s LinkedIn profile mentions thrift, savings and hire purchase for motorcycles and tricycles. We could not verify a current Lagos keke offer, prices or repayment terms. Contact the company directly before you rely on this option.
How Much Does a New Keke Cost in Lagos?
CDCARE listed these asking prices in October 2026 on its online store:
| Model | Listed price |
|---|---|
| Bajaj RE-4S (petrol) | ₦4,422,190 |
| Bajaj RE-4S (CNG) | ₦4,839,044 |
| TVS King Deluxe (petrol) | ₦4,600,841 |
| TVS King Deluxe (CNG) | ₦5,017,696 |
CDcare says delivery and some extras cost more. It also shows a “Pay Small Small” plan in four monthly payments that add up to the listed price. Ask whether you receive the keke at the start or only after the final payment. That answer decides whether it works for a driver who needs to earn while paying.
You can also check models on the official TVS MOTOR NIGERIA website.
Work Out the Total Cost Before You Sign
A small deposit can hide a large total. Use this simple formula:
Total payable = deposit + (installment x number of payments) + fees
Here is an example using only the Bolt figures reported by TECHCABAL. These are not a current quote.
- Deposit: ₦208,000
- Weekly payment: ₦32,000 x 104 weeks (two years) = ₦3,328,000
- Total before fees: ₦3,536,000
That is about ₦336,000 more than the reported ₦3.2 million vehicle cost. Run the same math on every offer. Then check whether you can still pay on slow days, during repairs or during fuel scarcity. Our guide to buying cheaper fuel in Nigeria can help with daily running costs.
Lagos Permits and Road Restrictions to Check
Owning the keke is only one step. You also need to operate it legally.
Accreditation: A Lagos Ministry of Transportation statement, reported by NIGERIA TRANSPORT HUB, said that commercial operators, including tricycles, must get accredited with the Directorate of Public Transport and Commuter Services in Ikeja. The statement linked this accreditation to the Vehicle Body Tag, Driver’s Badge, Stage Carriage Permit and Terminal Access Permit. Confirm the current fees and steps with the Ministry before you budget.
Road restrictions: Lagos announced restrictions on commercial tricycles in parts of six LGAs and on major highways, bridges and flyovers in 2020. In June 2026, VANGUARD reported that the Federal Ministry of Works had barred tricycles from the Lagos-Calabar Coastal Highway. Do not rely on lists shared on WhatsApp. Check your planned route with the Lagos State Ministry of Transportation before you commit to an installment plan.
Red Flags Before You Pay
- The seller asks you to pay into a personal account.
- There is no written contract, or it differs from what you were told.
- You cannot inspect the keke, its documents or its engine number.
- The seller will not state the total amount payable.
- The contract does not explain what happens if you miss a payment.
Keep copies of your contract and every payment receipt. For fleet owners, our guide on building a road accident response plan covers what to do when a vehicle is involved in a crash.
Keke Hire Purchase in Lagos: FAQs
Where can I get keke hire purchase in Lagos?
Leap Mobility lists a Yaba office and accepts applications for Lagos. Omiye Microfinance Bank advertises a new-tricycle loan, but it does not confirm Lagos service. Bolt and SGX Mobility launched an electric keke lease in Lagos in 2025, according to TECHCABAL.
Can I buy a keke and pay later without a guarantor?
Most published plans ask for at least one guarantor. Omiye lists two, and MAX’s rental FAQ mentions one. Ask each provider directly, because requirements can change.
How much is the deposit for keke hire purchase?
Few providers publish a deposit. TECHCABAL reported ₦208,000 for Bolt’s electric keke in 2025, but other reports differed. MAX’s rental plan lists ₦40,000 upfront plus an activation fee.
Is Keke NAPEP on hire purchase still available?
“Keke NAPEP” is a common name for any passenger tricycle in Nigeria. Today you get financing from private lenders and providers like those above, not from a single official scheme. Confirm any “government keke” offer through an official government source before you pay.
Do I need a permit to run a commercial keke in Lagos?
Yes. Reports of a Lagos Ministry of Transportation statement say tricycle operators must get accredited with the Directorate of Public Transport and Commuter Services. Confirm the current documents and fees with the Ministry.
Final Take
Start with Leap Mobility if you want a clear Lagos application process. Contact Omiye and Fomas to confirm whether they serve Lagos. Treat Bolt’s electric keke figures as reported launch terms, not a current offer. Before you sign, check the total cost, the permits and your planned routes.
Planning to grow beyond one keke? Read our guide on how to start a road transport business in Nigeria. You can also use Lagos transport data to judge route demand. If you plan to carry goods, see our guide to business delivery services in Lagos.
Provider details checked October 2026. Offers, prices and rules change, so confirm them with each provider and the Lagos State Ministry of Transportation.
