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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




READ ALSO- How To Apply For Achievers University Hostel As New And Returning Students With Fees













Application Requirements





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





Get your
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%.
for example:

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.







To contact them





On Facebook: www.facebook.com/SokoLendingCompanyLimited
via website: www.sokoloan.com
Land Address: located at Plot 9, Acme Rd, Agidingbi, Ikeja, Nigeria




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