Rate Policy

The minimum lending rate for ALL our loans is 1.25% per month or 15.00% per annum (excluding fees). 

All our interest-free loans and Sharia Compliant Loans are all still structured with 0% interest rates. Details below....



It would obviously not make sense to lend below our 15% minimum annual lending rate floor, when the average of selected 'risk-free' assets basket yield minimum of 15%, that involves basically no work done or lifting a finger.


Investment / Asset Vehicle
MTN Y'ello Save
91-day Treasury Bill
182-day Treasury Bill
364-day Treasury Bill (recently replaced 1-Year Note)
MTN My Own Pension (MOP)
Annual Guaranteed Rate of Return
12.00% p.a. (recently reduced to 8.00% p.a.)
14.7150% (approx.)
15.1501% (approx.)
18.1898% (approx.)
1-Year Note + 2%

Our 'risk-free' 1% interest rate per day  (30% return per month) ecash service was deliberately left out of the table above for obvious and good reasons.


In the light of the above table, it will obviously not make financial and/or economic sense to fund a standalone loan with an interest rate at/below the average annual return of 15.224% (15%) p.a. 


Interest-free Loans & Our 15% minimum lending rates

Interest-free loans are available to existing clients and customers only and not available to new customers/clients. This is restricted to loans that is used to buy a product or procure a service from any of our merchant partners.

The combined return with this type of loan is typically, 0% on the loan itself but minimum return of 15% gained by any of our qualifying merchant partners.


Sharia Compliant Loans & Our 15% minimum lending rates

Like the interest-free loans above, this is also restricted to loans that is used to procure a service from any of our merchant partners (Hajj Loans excluded). The combined return with this type of loan is typically, 0% on the loan itself but minimum return of 15% gained by any of our qualifying merchant partners. More via our Islamic Finance.

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 self-care, ethical, no upfront fee, direct lending platform in phases (three phases remaining, including key synergistic acquisitions and regulation for some aspects of our operations).

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.
Applicants must be 18 or over. 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.
Please note that there have been an increasing number of attempts to defraud Sikamaster clients. Please take every necessary measure to ensure that your account information is secure! Learn more.
Aside lending, our website offers information about saving, investing, tax and other financial matters, but not personal advice. 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.