After you complete and submit your online application together with all required supporting documents, our due diligence starts. When you apply for a loan, we consider a number of factors, such as your credit score, credit history, income and monthly outgoings (including but not limited to: rent or mortgage payment, bills, entertainment, etc.). We are more likely to consider your recent account history with their credit system as an overriding factor against other past credit setbacks related to other lenders. There will still be significant scrutiny of applicants before any funds are actually advanced.

In order to protect the customer, the lender and the wider economy against the risk of future financial difficulty, Sikamaster Loans is obliged to ensure that all loans are sustainable and affordable.


Due Diligence

We verify and validate your provided information and supporting documents with statutory bodies and/or databases. It is a crime to submit false documentation for securing a loan, and we reserve the right to report all fraudsters to law enforcement authorities and will ensure to prosecute such offences to its logical conclusion, with enough legal cash reserves at our disposal - scapegoating. Learn more.


Underwriting Guidelines

Loan underwriting is the process that we undertake to analyse all of the information provided by each loan applicant and their credit file to assess whether or not that applicant meets our minimum loan criteria. As part of that process all data is verified, analysed and summarised to paint a picture of each applicant.

Our experienced underwriting team review each case to assess the likelihood of borrowers making their required payments based on both the current affordability of the loan and their financial past. This means that we only approve loan applications where we can demonstrate that loan repayments are affordable, based on the applicant’s income and outgoings, for the term of the loan, and that the applicant has a strong record of managing credit in the past. Learn more.


Valuation Systems

If you are required to provide a collateral for your type of loan, we do an appraisal to estimate the market value ('future resellability'), to know the maximum loan amount you qualify for. Debt service ratio (DSR) for no collateral salary and personal loans are set a maximum of 45%.

Maximum Loan-to-Value (LTV) for all collateral loans are typically set at 80%. Can be 100% with additional security. Learn more.


Responsible Lending

If your information confirms who you say you are with credible data sources, we now consider whether you qualify to borrow from us, after considering loan purpose, credit records, repayment capacity. Learn more.



If loan is approved, we send funds to your bank accounts within 15 minutes. We only disburse loan funds to borrower's and/clients bank account and not via any other medium. Without a valid bank accounts in the exact name of the borrower or client with any of the 23 BoG-regulated banks, you cannot use our services.

Useful info

Sikamaster, is a 24/7*365 well-capitalised internet first, forward-thinking, safe, robust, resilient, smart and responsible direct lender for the working class and modern and/or scalable small, medium & large businesses, including startups.

SML is not; a microfinance institution, and neither a savings & loans company or a Specialised Deposit-taking Institution (SDI) of any form, kind or type. SML does not seek and/or accept outside capital.

Rolling out a secured, safer, convenient, revolutionary automated self-care, ethical, no upfront fee, direct lending platform in phases (three phases remaining).

Fully compliant with AML and KYC regulations.

We're Social


Ghana's 24/7 Direct Financing Hub

Not all our loans require a collateral - But if your loan requires one, any property used as security (which may include your home or pensions and/or business assets, or personal guarantees) may be repossessed if you do not keep up repayments on a loan or any other debts secured on it. Our Repayment Assistance Programme is available to qualified borrowers only.
Please read Terms & Conditions, Cookies Policy, Privacy Policy, Data Retention Policy, & Modern Slavery Policy before using this website or our service.
All loans are subject to affordability, applicant verification, traditional credit checks and TDG Scoring via various national databases in accordance with Sikamaster''s responsible lending policy. If you're not sure whether Sikamaster Loans lending is right for you, please seek independent financial advice, and if you decide to borrow from us, please read our How We Operate before you proceed.