Gone are the days where applying for a loan is quite stressful. Even non-governmental workers aren’t given loans those days. Luckily, that isn’t the case today. Anyone at all can apply for a loan at their conveniences.
Whether one is a government worker or not, there are loan packages they can access. In this country, there are many financial institutions that render loans to their clients at a very cool interest rate.
In this post, we will be talking about one of these outstanding “loan rendering institutions” and how they operate. Probably, you might be interested in accessing a loan from them.
Again, we are going to look at several things concerning loans however, inferring from the topic above, our main focus will be on: Sika Master Loans And How To Apply For It.
- What To Know About Loans
- About Sika Master Loans
- Forms Of Loans At Sika Master
- Requirements For Sika Master Loans
- How To Apply For Sika Master Loans
- Contact Information Of Sika Master Loans
What To Know About Loans
If I guess right, then you are likely to know what a loan is. Simply put, a loan is an amount of money that is rendered to someone for a limited period of time on the basis that, it will be paid back (usually at interest). Loans can also be given to organizations as well.
Loans come with several benefits however, it is obvious that loans are used to calm financial crisis.
About Sika Master Loans
Sika Master Loans is a financial institution that lends loans to its clients. Most clients of Sika Master Loans will attest to the fact that, applying for Sika Master Loans is easy and fast. As you read further, you will come across the types of loans that are rendered by Sika Master Loans.
Sika Master Loans is a subsidiary of The DCANS Group Limited (Which is registered in England and Wales, CRN: 12645872, VAT #: GB 157 9161 82).
The DCAND Group Limited has two main different headquarters across the world. One in Ghana, the other in the United Kingdom.
Some of Sika Master Loans’ sister companies in Ghana include: Rent to Buy Ghana, DCANS Developments, Rent Now Pay Later, Glostar Motors, PC24 Store Ghana, DCANS Healthcare Ghana, Kaizer Pharma Ghana, GhanaStartups.org, TDG Farms, Darryl Furniture and a lot more.
N.B.: According to Sika Master Loans, they operate with respect to BoG’s (Bank Of Ghana) regulations.
Forms Of Loans At Sika Master Loans
Sika Master Loans provides three main forms of loans to their clients and they are:
- Salary Advance
- Personal Loans
- Loyal Repeat Customer Loans
N.B.: Much will be talked about these three loan types in the “Sika Master Loans requirements” section of this post.
Requirements For Sika Master Loans
What You Need:
- You must be employed (public or
private sector) with a minimum of 2 years post-qualification employment
- A Salary Bank Account (Current Account) history.
- A Valid Government-issued Photo ID
- SSNIT Card Number
- Tax Identification Number (TIN)
- Valid Phone Number and Email address.
- Collateral may or may not be required (depending on loan type).
With this type of Loan, clients/customers can receive up to 100% of their monthly income (or net) from Sika Master Loans.
Again, it will take about 30 days or the next payday of the clients/customers of Sika Master Loans to payback their loans.
Then also, the interest rate for this loan type is up to 10% (strictly for new clients/customers of Sika Master Loans). But 0% interest rate for qualified existing customers of Sika Master Loans.
Furthermore, a processing fee of 10% will be deducted from the approved loan to be disbursed to the client/customer.
Lastly, only salaried workers (either public or private) are eligible for this type of loan.
N.B.: One can receive about: GH¢ 200 – GH¢2, 000.
With the Personal Loans, clients/customers can receive up to 25 times of their monthly income (or net) from Sika Master Loans.
To add, it will take a period of 60 months (5 years) for clients/customers of Sika Master Loans to repay their loans.
Again, the interest rate for this loan type is up to 20% p.a (per annum or every year).
Moreover, a processing fee of 7% will be deducted from the approved loan to be disbursed to the client/customer.
To end, only salaried workers (either public or private) are eligible for this type of loan.
N.B.: One can receive about: GH¢2, 000 – GH¢100, 000.
Loyal Repeat Customer Loans
With the Loyal Repeat Customer Loans, existing clients/customers of vendor partners (e.g: Reiny’s Ghana, PC24 Store Ghana, etc.) of Sika Master Loans, can receive up to GH¢2, 000.
It should be noted that, it will take a period of 3 months for clients/customers of vendor partners of Sika Master Loans to repay their loans.
To add, the interest rate for this loan type is up to 7% per month.
Moreover, a processing fee of 5% will be deducted from the approved loan to be disbursed to the client/customer.
Finally, only existing clients/customers of vendor partners (e.g: Reiny’s Ghana, PC24 Store Ghana, etc.) of Sika Master Loans are eligible for this type of loan.
N.B.: Sika Master Loans don’t give business loans anymore however, business loans are now provided by GHStartups.com (a subsidiary of The DCANS Group Limited).
How To Apply For Sika Master Loans
Applying for Sika Master Loans is not hectic at all. Just follow some simple steps to get yourself through. Below are the steps:
- With your web browser, head over to Sika Master Loans’ website. Visit the website of Sika Master Loans using the link here.
- If you are a new customer of Sika Master Loans, then you need to generate login credentials for yourself. However, if you are an existing customer, then with your credentials, you can successfully login to continue with your application.
- If you are new to Sika Master Loans, use the link here to generate your credentials.
- After generating your credentials, login and start with your loan application.
- On the Sika Master Loans’ website, request for your loan. After successfully completing your online application, you will receive your money as soon as possible.
N.B.: If you want to get bigger amounts, repay your existing loan on time.
Contact Information Of Sika Master Loans
To get in touch with Sika Master Loans, use the link here.
Your feedbacks are warmly welcomed. All the best, thanks.