If there’s anything we must applaud technology for, Fintech must be one facet technology deserves to hurray – Since it has automated delivery and enhanced the use of financial services.
The inception of Fintech has Aid Mankind in various ways which Mobile Loan is among.
Acquiring a Loan In Africa, Precisely In Ghana Is not guaranteed to be given either from the Bank, friend or a family member – Due to this people always find it tremendously difficult to implement their business ideas.
However, the introduction of Mobile Loan Apps In Ghana has come to ease our pain.
In This Article, we shall talk about how to get an Instant loan from SikaPurse.
What Is SikaPurse?
I heard you ask, What is SikaPurse? – Well, SikaPurse is an Instant Mobile Loan App in Ghana that offers flexible Loan Products. i.e. Online Loans in Ghana, Super Loan and Better Loans.
Who Is Eligible For SikaPurse Loan?
The Eligibility of the SikaPurse Loan Application are:
- The Applicant Must be a Ghana Resident
- The Applicant Must be at the age of 22-55 years old
- The Applicant Must State His/Her Monthly Income Source.
What Makes SikaPurse Loan Better than Its Competitors?
You might have heard of lots of Mobile Loan apps in Ghana, So, You may be wondering why you should choose Sika Loan Over the Others.
Below are the reason why you should Choose SikaPurse;
- They Have No Hidden Charges
- You can get a loan of up to Gh¢ 5,000
- You Can/Will Choose your payment Tenure
- They Are Available 24/7
- They Are Secure, Reliable and Flexible
- They Provide Credit Decision.
What is the Interest Rate?
The interest rate for SikaPurse loan starts from 8% to 25% per annum.
For instance, if you apply for a loan of Gh¢ 5,000, the term is 90 days and the annual interest rate is 10%. So the daily interest rate=10%/365=0.027%, the interest for 90 days =5,000×10%/365×90= 123, the total repayment=5,000+123= Gh¢ 5,123.
How To Apply For SikaPurse Loan?
Now that almost all the questions buzzing your mind are answered, let’s tackle the loan application aspect!
To Apply for the SikaPurse Loan, You will need to download their mobile App from Google Playstore (Click Here To Download)
After the app is successfully installed, Lunch/Open it.
SikaPurse Sign up
Ps: When you type your phone number, you shall receive a One-time code, use that in the “Enter the OTP” Space.
After a Successful creation of the SikaPurse Account, you should see a Page similar to the one above. Click on “GO”. Let’s begin the Actual loan process.
It is required you take a picture of your ID card. i.e. VOTER’S ID(Old Or New). As illustrated in the below image, click on the Camera to capture your ID.
NB: Make Sure the Photo is clear and complete, you can’t modify it once you click on NEXT!
Now, Type/select Your:-
- Name (First Name, Last Name and Middle Name – If You have)
- VOTER’S ID number
- Select Your Gender
- What is Your Date Of Birth? Select that Here
Please do check all information is accurate before you click on NEXT!
• On this page, Provide your company’s name or your place of work
• Enter your company’s mobile phone number, in my case, I used my own number.
• Where is your company situated, or where do you reside? Select that Here.
Under the Emergency Contacts, select two people as references. Don’t worry, they will not call them. SikaPurse will only call these people when you can’t pay back your loan.
We are almost at the end of the tunnel(That’s if the steps above seem like a difficult task to you), Provide the Bank details you want your loan money disturbed into.
- Bank Name
- Branch Name
- Bank Acount Number
And finally, your
- Email Address.
Now hit on the SAVE button and follow the prompt.