Secured Loans

Secured loans typically have lower interest rates because the loan is less of a risk for us due to the collateral required.

Secured loans might be a good choice if you have personal assets such as equity in your home or any other assets that can be used as collateral. Keep in mind, with a secured loan, the lender can take possession of the collateral if you don't repay the loan as agreed - If the borrower defaults, the we can convert the assets to cash to be repaid



Collateral required

• Lower interest rates

• Larger Loan amounts: Up to GHS 50m

• Better lending terms

• All our secured loans are recourse



• Collateral must be registered with BoG's Collateral Registry system. Websites used as collateral are excluded from this requirement.

• Proof of identity of Individual, or Shareholders (if business)

• Proof of address of Individual, or Shareholders (if business)

• Budget for loan amount requested

• Repayment Plan


Types of Secured Loans

All loans not listed in our Unsecured Loans category are considered secured loans and recourse.

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.