SikaBus

SikaBus is a premier lending platform designed to provide high-quality loan services to mobile users in Ghana. This platform is dedicated to meeting the financial needs of Ghanaians by offering a seamless, digital, and efficient loan application process. Here’s an in-depth look at what SikaBus has to offer and how you can benefit from its services.

Key Features of SikaBus

With SikaBus, you can:

Apply for Loans: Submit your loan applications easily through the app.

Digital Process: Enjoy a fully paperless and digital application process.

Quick Approval: Get approval and have the loan amount credited to your wallet account within 24 hours.

High Loan Amounts: Access loans ranging from GH₵ 1,000 to GH₵ 50,000.

Flexible Tenure: Choose loan tenures from 120 to 360 days.

Affordable Interest Rates: Benefit from interest rates that do not exceed 0.02% per day, capped at 24% per annum.

Low Processing Fees: Pay processing fees ranging between 5% - 10%.

Secure Transactions: SikaBus adopts the highest security standards to protect your personal information.

Eligibility for Using SikaBus Services

To use SikaBus services, you must meet the following criteria:

Citizenship: Be a resident of Ghana.

Age: Be between 20 and 60 years old.

Income Source: Have a monthly source of income.

Personal Loan Product Features

SikaBus offers the following features for its personal loan products:

Loan Amount: Apply for loans ranging from GH₵ 1,000 to GH₵ 50,000.

Interest Rates: The interest rate is not more than 0.02% per day, up to 24% per annum.

Loan Tenure: Choose loan tenures from 120 to 360 days.

Processing Fees: Fees vary between 5% - 10%.

Quick Disbursement: Loan amounts are credited to your wallet account within 24 hours.

> Note: The application process is entirely paperless, digital, and efficient, requiring only a few minutes to register and submit your application.

Example Calculation

To illustrate the costs associated with a SikaBus loan, consider this example:

Loan Amount: GH₵ 2,000

Loan Term: 150 days

Daily Interest Rate: 0.02%

Annual Interest Rate: 24%

For a loan amount of GH₵ 2,000 with a term of 150 days and an annual interest rate of 24%:

Daily Interest Rate: 24% / 365 = 0.0658%

150-Day Interest: 2,000 * 24% / 365 * 150 = GH₵ 197.26

Total Repayment: 2,000 + 197.26 = GH₵ 2,197.26

Privacy and Security

SikaBus takes your privacy and security very seriously. We implement the highest security standards to protect your personal information. We will never share your personal information with anyone without your explicit permission. When you download the app, we will request access to your phone’s data strictly for verifying your identity and creating a credit score.

With SikaBus, accessing high-quality loan services in Ghana has never been easier. Download the app today and take the first step towards financial empowerment!