Sokoloan is an online loan app in Nigeria that gives out fast loan to customers who are interested and who meet their requirements.
The company that develops sokoloan – Fast Loan, Quick Online Cash in Nigeria is SOKO LENDING COMPANY LIMITED. The review in this article is based on the information we got from the owners of the loan app
If you are in urgent need for cash loan to support your business or to solve personal needs, this loan app is meant for you!
Features of sokoloan app
With sokoloan, you can get your loan right to your bank account and you can choose to repay within 2 to 6 months. Interest ranges from 4.5% – 34%
For online loans in Nigeria without collateral, fast loans and quick loans in Nigeria, download and apply for Sokoloan.
How to apply for sokoloan online loan
There are just simple steps to get a loan from sokoloan app:
step 1.
Download and install the app. Then Create your account
step 2.
Apply for your loan in seconds
step 3.
Receive your loan straight into your bank account
Note: Each time you repay your loan on time, you are Increasing your loan credit limit. This implies that you will be eligible for higher loan amounts next time.
Loan amount
Sokoloan gives out loan ranging from ₦5,000 to ₦100,000 to their customers.
Loan term
Sokoloan term ranges from 91 – 180 days. You are required to payback your loan within this period.
Interest rate
Interest and service fee ranges from 4.5% – 34% with an equivalent monthly interest of 3% – 29% and APR of 29% – 365%(per year).
– Example:
If you choose a 6-month loan and borrow N 1,000, sokoloan charges an interest rate of 4.4% per month.
And the interest rate is 26.4%, we would charge you N263 as interest of 6-month repayment period. Total amount of repayment is N1,263
See also: how to get a loan from Flypay loan app
Benefits of getting a loan from sokoloan app
1. No paperwork, mortgage or office access required
2. Use your money the way you want – for a home or business.
3. For 25-50 years old, you need to have a fixed job.
4. The loan app are known for their Speed, Integrity, Enthusiasm and Professionalism.
How secured is the loan app
Soko makes getting a personal loan simple by using the data on your phone including your SMS history to verify your identity and create a credit score. They encrypt the data you choose to share with us to protect your privacy. They take your privacy very seriously and promise to never share your information with third parties.
How to download sokoloan app
To download sokoloan app directly into your phone, just use this download link!
Sokoloan requirements
To get a loan from sokoloan, you must meet the following requirements
1. Must be between 18 years to 50 years
2. Must have an active phone number
3. Must have a stable job or business
4. Must have a bank account with BVN
5. Must grant necessary permissions in the app.
Sokoloan customer care service
This loan app is always excited to hear from you! If you have any feedback, questions, or concerns, please e-mail them at
or
find them on Facebook!
– Facebook: www.facebook.com/sokoloannigeria/
– website: www.sokoloan.com
– Address: Plot 9, Acme Rd, Agidingbi, Ikeja, Nigeria