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FAQ
When will Steke launch?
We are building a product that is a “first of its kind”, which requires on-going quality checks and regulatory approvals to ensure necessary standards. When the app is ready to launch, early access members will be among the first to experience Steke.
The rebate seems too good to be true – what’s the catch?
There is no catch. The rebate is a motivating incentive for customers to repay their loans on time. Because on-time payments cost us less (no collections, no bad debt), we pass the savings onto deserving customers in the form of rebates.
What if I'm late on one payment but early or on-time with the rest, do I lose my rebate?
No, you don’t lose your rebate, you just won’t earn a rebate on your late payment; every other on-time repayment will be rebated.
What is ARA?
ARA, which is short for ARABILE (meaning answered), is the name of our built-in A.I. assistant. ARA provides Steke users with personalised insights to help them make more informed lending decisions.
Is ARA a financial advisor?
Absolutely not! ARA gives information, not financial advice.
We reward responsible borrowers, in cash.
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