How Does It Work?

Very Simple

just like a Mashonisa/loan shark one month loan at not more than 30% interest no hidden cost – for an accurate amount please refer to the calculator on the home page.
Please note the company does not operate illegal all requirements from the NCR and NPS are adhered to.

Step 1

Make an online application and submit all required documents.

Step 2

A credit check will be conducted and feedback given to applicant.

Step 3

An applicant will receive an sms for debit order approval and once approved money will reflect in your account within 12 hours.

FOR TRANSPARENCY AND UNDERSTANDING OF HOW BIKALOANS WORKS PLEASE SEE BELOW ON
SHORT AND LONG TERM LOANS.
EXAMPLES of how it works:

Scenario 1

New Customer: One month loan

A client makes an application for a loan and they are required to pay on their payment day, a debit order will be made on salary date.

Scenario 2

3 to 6 Month

A client can opt to take a loan and pay it for a period of not more than 6 months. Early payment will lead to the recalculation of the loan.

A debit order will be made with your bank and a deduction will be made on your salary date.

Scenario 3

Long term

COMING SOON