Fees, transfer times, & limits
- Shika charges a monthly 15% facilitation fee on your loan
- Requesting and repaying your Shika loan with Shika app is free.
- A user incurs normal transaction charges when repaying a loan (safaricom or airtel transaction charges).
- No charges are incurred when a user receives a loan.
- It will take less than 180 seconds to request a loan and receive a transfer to your mobile money account.
- Loan limits depends on a user’s credit worthiness.
- A user will fall under one of the following Shika rankings: