iK Cash Advance Top Up is iKhokha’s short term business loan. It enables iKhokha merchants to top up an active iK Cash Advance with additional working capital should they need a financial re-boost to help them run, grow, or meet their business goals.
What you need to do to qualify:
- Be an active iK merchant for a minimum of 3 months
- Have an active iK Cash Advance for more than 60 days
- Have a healthy repayment history – 90% of projected Advance paid back
The best part? It works exactly the same as the iK Cash Advance.
- No compound interest
- Flat repayment fee
- Repay with future card sales
The only difference is the new iK Cash Advance Top Up amount and repayment term.*
Activating an iK Cash Advance Top Up is easy and can be done in under 5 minutes using the iKhokha app. Here’s how:
- Open the iKhokha app
- Select iK Cash Advance
- Pick your iK Cash Advance Top Up amount*
- Choose your new payment term
- Select “Accept now”
Should you need any assistance, please contact us on 087 222 7000 or email support@ikhokha.com