Sokoloan USSD Code: How to Access Quick Loans
Sokoloan is a leading fintech company in Nigeria that offers quick loans to individuals and businesses without collateral. If you’re interested in accessing a Sokoloan, you can do so via USSD code. Here’s how:
Dial the USSD Code
To access a Sokoloan, dial *775# on your mobile phone and follow the prompts. You’ll be asked to provide some personal and financial information, including your name, phone number, employment status, monthly income, and bank account details.
Loan Amount and Repayment Terms
Sokoloan offers loans ranging from ₦5,000 to ₦100,000, with repayment terms ranging from 14 to 180 days. The loan amount and repayment term offered will depend on your creditworthiness and repayment capacity.
Interest Rates and Fees
Sokoloan charges interest rates ranging from 4.5% to 34%, depending on the loan amount and repayment term. In addition to interest, the company may charge other fees, such as processing fees and late payment fees.
Once your loan application is approved, the loan amount will be disbursed to your bank account within 24 hours. It’s important to ensure that the bank account provided during the application process is active and belongs to you.
Sokoloan repayment is typically done via automatic debit from your bank account on the due date. However, you can also repay your loan via the Sokoloan app or by dialing the USSD code.
In conclusion, Sokoloan offers a quick and convenient way to access loans via USSD code. However, it’s important to carefully consider the loan requirements, interest rates, and fees before applying to ensure that it’s the right option for you.