Shika Loan App – How To Apply, Repay, Interest rate, Contacts.

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Shika Loan App

Shika loan app is administered by Alternative Circle. The Shika loan app is obtainable on the Google Playstore and is available to all Kenyans; and has more than 100K+ downloads and also has a 3.6/5 star rating with 1.2K+ reviews in the Playstore.

SHIKA LOAN REQUIREMENTS/ ELIGIBILITY

To be capable of using the Shika loan app, one requires to own an Android smartphone, be at least 18 years with a true national ID and also be a registered Safaricom user with a constant income.

In addition, users need also allow the Shika loan app authorization to obtain their phone data in order to moreover determine the user’s qualification.

SHIKA LOAN APP DOWNLOAD

  1. Download, install and obey the registration procedure.
  2. Once you are registered with them, heed the steps below to ask for a loan:
  3. Enter your phone number that was confirmed by the Shika, accompanied by your PIN.
  4. Once logged in, choose Request Loan.
  5. Input the loan sum you want as per your limit.
  6. Enter your PIN number
  7. Choose confirm

You will get an M-PESA SMS with the sum requested in under 30 seconds.

SHIKA LOAN AMOUNT LIMITS

Shika loan amounts start from Ksh500 to a maximum of Ksh20,000.

SHIKA LOAN INTEREST RATE

Shika loan rate fee costs are 15%

SHIKA LOAN REPAYMENT DURATION

Shika loan app repayment intervals are set at 30 days.

REPAY SHIKA LOAN USING SHIKA PAY BILL NUMBER

To make Shika loan repayments:

  1. Navigate to your Safaricom menu and select M-Pesa
  2. From your M-Pesa menu, choose Lipa na M-Pesa.
  3. Choose the Pay Bill option.
  4. Input the business number 811655
  5. Insert your Shika registered phone number as the account number
  6. Insert your payment amount
  7. Enter your M-Pesa PIN
  8. Verify that all details are accurate and click \’ OK\.’

SHIKA LOAN APP PERMISSIONS

The Shika loan app requires access to:

  • Contacts- view your contacts.
  • Location- near location (network-based) and precise location (GPS and network-based)
  • SMS- view your text messages (SMS or MMS), receive text messages (MMS), get text messages (SMS), post SMS messages, and write your text messages (SMS or MMS)
  • Phone – view phone status and identity.
  • Photos/Media/Files- view the contents of your USB storage and modify or erase the contents of your USB storage.
  • Storage- view the contents of your USB storage and modify or erase the contents of your USB storage.
  • Device ID & call details – view phone status and identity.

Other

  • collect data from the Internet
  • check network connections
  • complete network access
  • operate at startup
  • handle vibration
  • block the device from sleeping
  • View Google service configuration

SHIKA LOAN LATE REPAYMENT PENALTIES

Late payment will incite a roll-over fee of 10% on top of the original Shika loan sum and facilitation fee scheduled for repayment. Penalty costs start accumulating the next day after your repayment scheduled date, that is, on the 31st day from when your Shika loan was given.

If the Shika loan is not returned within 60 days from the day it was offered, the user will be placed at the Credit Reference Bureau, therefore, making the person unable to obtain credit facilities from their platform or anywhere else.

SHIKA LOAN OVER PAYMENTS

If you overpay your Shika loan sum by default, the overpaid sum is used to offset the facilitation charge in your next Shika loan request, or you can reach them if you want the overpaid amount reimbursed.

It might take you up to 14 days to transfer the return to your mobile money account.

SHIKA LOAN CONTACTS

Email- care@shika-app.com

Official Website- https://shika-app.com/

Facebook- https://www.facebook.com/Shikaapp/

Twitter- https://twitter.com/shika_app

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