Shika loan app download

Shika loan App belongs to Alternative Circle which is a credit company in Kenya. Credit companies are mushrooming at a very high rate in Kenya. However only a few can meet what the borrowers’ needs.

As you are about to find out, Shika is one of these heavens sent instant loan creditors. Owing to the economic hardships and the responsibilities bestowed on Kenyans, instant loans have found popularity among people.

The last resort for many of us has been borrowing from creditors. However, banks are notorious for high interest rates. Luckily, we have a variety of online loan apps In Kenya that can grant you instant loans and help you save the situation.

What is Shika Loan App

  • This app is available for Android mobile users in Kenya.
  • The loan limit is between Ksh 500 and Ksh 20000
  • Only Safaricom mobile subscribers can benefit from this service presently.
  • Upon approval, the loan is sent to you via M-Pesa in 3 minutes.
  • A 15% facilitation fee is charged with the loan amount.
  • The loan should be repaid in full in a period not exceeding one month (30 days)
  • In Case of late payment, a 10% rollover fee is charged on the owed amount
  • A rollover exceeding 60 days will attract a CRB listing.

Shika loan Download

  1. Download Shika loan app from play store
  2. Install the App on your Android mobile
  3. Register with your national Card ID number and your Safaricom number
  4. Create a Pin for your Skika Loan App

Applying for a Loan on Shika App

  1. Once you are set on Shika, log into your account using your created pin and select “Request loan.”
  2. Enter the amount you wish to borrow.
  3. Using data from Safaricom, Shika will generate a loan limit for you.
  4. It is essential to honour the loan limit they give you (Never exceed the limit because you will never get the money)
  5. After entering the loan amount, hit Confirm and wait for approval or your loan.

How to repay Shika loan

  1. Login to your Shika account
  2. Select ‘Repay loan.’
  3. Hit the ‘COPY’ button (redirects to your Safaricom Mpesa)
  4. Select Mpesa
  5. Select Lipa Na Mpesa
  6. Enter Shika Paybill number 811655
  7. Account no; (your Safaricom Number, e.g., 0712436729
  8. Enter the loan amount
  9. Enter your PIN
  10. Hit Submit

Shika loan app contacts

In case you need some confirmation or have an issue you want to settle with Shika. Be sure to contact them;

Call or SMS to 0742143999

Email to:

Or visit them at their Interswitch Offices, Nairobi, Orbit Place, Chiromo Lane, Westland’s, 4th Floor.

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Brian is a founding writer at Urban Kenyans. His work is focused on how to improve the digital literacy of Kenyans online. He has been able to do so with his mastery of Kenya and the English Language.

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