aka Payday Loans, Salary Loans
A Sikamaster Salary Advance is a personal overdraft tailored to meet your cash flow needs if you earn a salary. It is a cash bridging facility against your next payday. It is designed to help cover small but urgent unexpected expenses between pay days. No collateral required.
• Minimum qualifying monthly net income: GHs600
• Minimum borrowing limit: GHs200 (maximum: up to 80% of net salary)
• Typical interest rate: Up to 5% per month (0% for qualified existing customers)
• Maximum repayment period: 30 days (but not later than next payday)
• Currently only available to the following customer groups:
- Existing customers of Rent Now Pay Later Ghana
- Employees of existing employer partners of GHStartups.com
- Loyal Repeat Customer Groups
- Employees & Staff of The DCANS Group (incl subsidiaries and affiliates)
Sikamaster Salary Advance Benefits
• Opportunity to benefit from Care Now Pay Later, delivered by DCANS Pay (a sister company) that allows you to seek medical care (home or abroad) and pay later for procedures and prescription drugs that are not covered by the NHIS.