If you receive a loan from Sikamaster then you are expected to repay the loan on the due date. Should you not be in a position to do so then you would need to notify our customer service team who would offer you the most flexible repayment options reasonably possible. Should there be no contact made and no payments received then we'll take steps to recover the debt.
You can repay your loan via multiple payment methods, including
• Bank Transfers (deductions or standing orders, etc)
• Mobile Money Payments
• Digital Money
• DCANS Pay
• Post-dated Cheques (to be phased out soon)
Salaried Workers (Your Social Security Number)
Inasmuch as there is no automatic link to any collateral for our unsecured loans, we can still get a charging order on your home or any identified collateral or even pensions, if our unsecured loans remain unpaid. This effectively means we have a call on any money from the sale of your house or maturity of your pensions.
You risk loosing any collateral you used as security for any loan you apply from us, if you do not keep up with repayments on your loans.
Zero Tolerance for Non-Performing Loans (NPLs)
Kindly take note: We always recover all loans provided, no matter how long it takes. Any legal and/or admin costs spent in recovering any unpaid loans are added to your indebtedness to us plus interest and fully paid for.
.We provide a plethora of payment methods for all our loans. learn more.
Repayment Assistance Programme
.. learn more.