What is an iK Cash Advance Top Up?

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