SikaPurse Loan Details :How to get an instant loan up to GHS 5000. Step by step guide
SikaPurse – Quick Online Loans app offers fast loans ranging from ¢2,000 GHS to ¢5,000, catering to the urgent financial needs of its users.
SikaPurse loan repayment periods offered by this app vary between 90 days and 365 days,
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 in Ghana?
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.
Now Sign Up for an account
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.
What is Sikapurse?
Sikapurse is a reputable and user-friendly online platform designed to assist individuals in managing their personal finances effectively.
It offers a wide range of features and tools that help users track their expenses, create budgets, set financial goals, and analyze their spending patterns.
With Sikapurse, individuals can gain a clear understanding of their financial health and make informed decisions regarding their money.
One of the standout features of Sikapurse is its expense tracking functionality. Users can easily record their daily expenses using the platform’s intuitive interface and categorize them, allowing for better visibility and analysis.
With a comprehensive overview of their spending, users can identify areas where they might be overspending and make necessary adjustments to their budget.
Another crucial element of Sikapurse is its budgeting tool. This feature enables individuals to set financial goals and allocate specific amounts for expenses like groceries, transportation, and entertainment.
By monitoring their spending against budgeted amounts, users can ensure they are staying on track and have a clear idea of where their money is going.
Moreover, Sikapurse provides detailed reports and spending trends analysis, allowing users to understand their financial patterns better.
With this information, individuals can identify areas where they can cut down unnecessary expenses, save more, or invest wisely.
Overall, Sikapurse is an invaluable tool for individuals seeking to take control of their personal finances, improve their financial habits, and work towards their long-term financial goals