Shopping Loans

Strapped for cash to buy basic necessities or indulge in some affordable luxuries?

Features

• Fast & Quick

• Loan can only be used to buy from/through the following merchant partners:

- Reiny's Ghana

- MyGhana Stores

- 7GFoods

- PC24 Stores

- Darryl Furniture

Features & Requirements

• Up to ghs50,000 (supported by income levels). Minimum: ghs100

• 2 months to 24 months repayment

• Simple interest and predictable pay schedules

• 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.

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

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.

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.