The more you process through iKhokha the bigger the amount you qualify for. The Cash Advance offered to your business is calculated on your card transaction history and will be closely linked to your average monthly card turnover to date.
We calculate a Cash Advance amount based on your average iKhokha card turnover within a month:
The minimum cash advance is R2 500 and the maximum cash advance that you are able to qualify for is R50 000
To check your elegibility:
Tap on the My Business section on your iKhokha app to see if you’re eligible and what amount you pre-qualify for, then follow the quick and easy steps to apply!
If you have a limited iKhokha trading history then you’re not currently eligible for business financing. iKhokha cash advance will become available to you as you build up a track record using iKhokha for all your card payments. Call our customer support team (0860 546 542) for more info.
Let’s say you accept an advance for R10 000 the breakdown might work as follows:
The best part? The amount you owe will not change (no additional fees), regardless of how long it takes you to pay it off!
There is a catch though. You need to use your iKhokha card machine to qualify!