iKhokha – loan application
Contact
Company
iKhokha (Pty) Ltd
Address
Building 16, The Boulevard, Westway Office Park, Westville, 3629
Website
https://www.ikhokha.com/
iKhokha – repayment table
Estimated monthly repayments at 3.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 3 months | 6 months | 12 months | 18 months |
|---|---|---|---|---|
| R500,000 | R181,667 | R98,333 | R56,667 | R42,778 |
| R1,000,000 | R363,333 | R196,667 | R113,333 | R85,556 |
| R1,500,000 | R545,000 | R295,000 | R170,000 | R128,333 |
| R2,000,000 | R726,667 | R393,333 | R226,667 | R171,111 |
| R2,500,000 | R908,333 | R491,667 | R283,333 | R213,889 |
| R3,000,000 | R1,090,000 | R590,000 | R340,000 | R256,667 |
Representative example
Loan amount
R252,500
Repayment term
12 months
Monthly interest
3.00%
Monthly repayment
R28,617
Total interest costs
R90,900
Total amount payable
R343,400
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
R5K – R3.0M
Term
3 – 18 months
Interest from
3.00%
Approval
24 hours
Age
iKhokha card machine users
Online application
Yes
Requirements
- ✓ Active iKhokha merchant
- ✓ 3+ months of card transactions
- ✓ SA-registered business or sole proprietor
- ✓ Director or owner ID
- ✓ Linked business bank account
Loan features
- Funding R5,000 to R3,000,000
- Repayment from card sales
- No fixed monthly instalment
- Term 3 to 18 months
Ready to apply?
Go to official iKhokha website ad