Sokoloan – online loan Nigeria
Fast payday loans up to ₦100,000 via mobile app with flexible repayment of 7–190 days.
Sokoloan no longer appears to be active in Nigeria. The website is unavailable and the service has not been reachable. We recommend comparing alternative lenders below.
Screenshot of https://sokoloan.com
Sokoloan – Mobile Payday Loans Nigeria
Sokoloan provides online payday loans up to ₦100,000 with repayment periods ranging from 7 to 190 days. The service charges interest starting at 4.5% and requires no collateral. Borrowers can access funds through a mobile application after completing a basic application process.
Soko Lending Company Limited is based in Ikeja, Lagos. The platform is particularly suitable for salary earners who need quick cash before their next payday.
✓ Pros
- Rapid fund disbursement in minutes
- No collateral required
- Long flexible repayment period up to 190 days
- 4.5% starting interest rate
- Mobile app access
✗ Cons
- Limited maximum loan amount (₦100,000)
- Fees apply (e.g. ₦3,200 fee on ₦10,000 loan)
- Requires smartphone
Loan example
Loan ₦30,000 for 30 days. Fee = ₦1,350. Total = ₦31,350.
Loan requirements
- ✓ 18+ years old
- ✓ Nigerian citizen
- ✓ Active smartphone
- ✓ BVN (Bank Verification Number)
Loan features
- App-based application
- 1-hour approval
- Loans ₦5K–₦100K
- No collateral
Frequently asked questions
5 minutes after submitting your application.
The minimum amount at Sokoloan is ₦5,000.