As an iKhokha merchant you can pay back your Cash Advance by simply using your iKhokha card machine. You will pay the advance back as a percentage of your future card sales with a flat fee.
The best part is that there’s no compound interest!
The total amount that is repayable does not increase, regardless of how long it takes you to pay back your Cash Advance.
This means that you never have to break the bank every month like you would with a conventional loan. Every swipe, insert and tap helps you pay off your advance, allowing you to focus on growing your business.
The more card transactions you process, the quicker it will take you to pay off your advance.