SilkLoan responds to customers' financial needs online 24/7, earning the trust of customers in Nigeria.We build a simple, useful product to provide everyone with more choices in life, enhancing their quality of life and business efficiency, so they can do more everyday.
You can apply for a personal loan anytime, with just 3 steps that take 3 minutes to complete the loan process.
ยทLoan Amount: โฆ2,000 to โฆ200,000
ยทRepayment Period: Installment repayment over 90 to 360 days
ยทAnnual Percentage Rate (APR): 12% to 36.5%
Example๏ผ
Borrowing โฆ12,000 at a daily interest rate of 0.1%, with repayment every 30 days for a total of 6 periods:
Interest Calculation: โฆ12,000 * 0.1% * 30 * 6 = โฆ2,160.
Total Days: 180 days.
Total Repayment: Principal + Interest = โฆ12,000 + โฆ2,160 = โฆ14,160
Each Installment Repayment:โฆ14,160 / 6 = โฆ2,360
What's required for a SilkLoan application?
ยท Age over 18 years old
ยท A valid mobile phone number
ยท Your bank information
We will ensure the complete security of your information and will not share it with anyone.
SilkLoan unlock the power of finance to help more people achieve their dreams sooner.
Privacy Policy: https://silkloan.net/policies-terms?content=privacy
Contact Email: help@silkloan.net
Contact Address:New Adeoyo Hospital Road, Off MKO Abiola Way, Ibadan, Nigeria
