iKhokha – Loan details
SME funding from R5,000 to R3 million via iKhokha card sales
Loan amount
R5K – R3.0M
Interest from
3.00%
Term
3 – 18 months
Approval
24 hours
Pros
- ✓ Instant approval for active merchants
- ✓ No bank statements needed
- ✓ Scales with sales, easier in slow months
- ✓ Money in 24 hours
Cons
- ✗ Only for iKhokha card machine users
- ✗ Effective cost can be 30%+ APR
- ✗ Must have 3+ months trading history
Requirements
- Active iKhokha merchant
- 3+ months of card transactions
- SA-registered business or sole proprietor
- Director or owner ID
- Linked business bank account
Company information
iKhokha (Pty) Ltd
Building 16, The Boulevard, Westway Office Park, Westville, 3629
https://www.ikhokha.com/
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.co.za is an independent comparison portal operated by double technology s.r.o., Czech Republic.