The Instant mobile loans is now a popular thing in Nigeria and there are lots of reasons for this.
In Nigeria, lots of people live from hand to mouth and many do not have enough savings and lives below the poverty line.
Nigeria is blessed with so many resources and yet the populace find it difficult to thrive, the country is rich but its citizens are not rich.
According to a recent report released sometimes back revealed that a lots of Nigerians live below a dollar every day.
It will be good to note that this negatively affects the cost of living and standard of living for the populace. And before the next payday, most are on the lookout for financial aid.
The financial aid for many Nigerians can come in any form, but the most popular is the fast mobile loan apps. We are introducing to you sokoloan.
Sokoloan is relatively new among the loan apps in Nigeria. This loan company is simply and entirely an online lending platform which provides short-term loans in Nigeria to help cover unexpected expenses or urgent need of cash.
Note that with Sokoloan you can apply for a loan 24/ hours a day, 7 days a week. There is an app which comes with a quick application process that lets it know your status within minutes of applying.
Please for online loans in Nigeria without collateral, fast and quick loans in Nigeria, you should download and apply for SokoLoan
Here Are The Benefits Of Sokoloan
- It has a mobile APP application, get loans anytime, anywhere
- You get loan approval within five minutes, instant arrival
- It has recommended success with rewards, up to 100 Naira
- It has 24/7 hour service
- It has data security and reliability
Sokoloan will like to know you better. Here are all you need to register and apply for a loan:
- Sign up on the platform
- Fill out a brief application form with your information for review.
- Then enter the requested details such as your BVN, national ID or Driver license
- For 25 to 50 year old, you need to have a fixed job.
- Then complete the loan application form and apply
Note that your details are safe with them, all information you provide is encrypted for your security and confidentiality.
Repayment Plan And Interest Rates
loan right to your bank account and you can choose to repay within 2 to 6
months. The Interest rate ranges from 4.5% – 34%
the sokoLoans range from ₦5,000 to ₦100,000 with repayment terms from 91 – 180 days.
The interest and service fee ranges from 4.5% – 34% with an equivalent monthly interest of 3% to 29% and APR of 29% to 365%.
once you choose a 6-month loan and borrow N 1,000, sokoloan charges an interest rate of 4.4% per month. Which the interest rate is 26.4%, they would charge you N263 as interest of 6-month repayment period. So the total amount of repayment is N1, 263.
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.