Personal Loans : Non-business Use

Life is full of surprises, and sometimes you need a little bit of extra money to get you back into a steady financial position. This is where applying for a personal loan can be your best option, especially when alternative options are closed to you. With Sikamaster Loans, you can have all that in span of 2-7 days! Personal Loan is designed to provide your needs in fast and easy way.


Can be used for:

We do not dictate what you can and cannot use your loan money for; that is all up to you. You might be in urgent need of money to....

• Purchasing of personal gadgets & appliances

• Minor Home repair or improvements

• Payment of school tuition fees

• Payment of hospital bills and other medical emergencies

• Consolidation of debt payments

• Car Accessories / Repair

• Other purposes of personal nature which is valid and acceptable


Features & Requirements

• Up to ghs50,000 (supported by income levels). Minimum: ghs1,000

• 6 months to 24 months

• Must be a regular employee in present company for at least 2 years

• No collateral required for salaried government workers with a valid social security number and/or tier-I/II

• Collateral may be required for salaried private sector workers with a valid social security number and/or tier-I/II - Considered on a case-by-case basis


To qualify for a loan, a number of factors are considered including, but not limited to business financials and cash flow, business and guarantor credit profiles, and other information.


Fees & Charges

No upfront fees.

A one-off 4% fee deducted from final loan being disbursed.

No penalties for prepayments or early repayments.


Loan Rates

Monthly rates range within  0.75% and 4%


Processing Time

Funding can be in your bank account within 7 - 90 days


How to apply

Apply online in under 5 minutes here.





We also offer Personal Loans For Business Use.

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.