SilkLoan - Quick Cash Loan

SILKROAD FINANCE LIMITED

About this app

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.
·Loan Amount: ₦2,000 to ₦200,000
·Repayment Period: Installment repayment over 90 to 360 days
·Annual Percentage Rate (APR): 12% to 36.5%

Example：
Borrowing ₦12,000 at a daily interest rate of 0.1%, with repayment every 30 days for a total of 6 periods:
Interest Calculation: ₦12,000 * 0.1% * 30 * 6 = ₦2,160.
Total Days: 180 days.
Total Repayment: Principal + Interest = ₦12,000 + ₦2,160 = ₦14,160
Each Installment Repayment:₦14,160 / 6 = ₦2,360

What's required for a SilkLoan application?
· Age over 18 years old
· A valid mobile phone number
· 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: [e-mail]
Contact Address:New Adeoyo Hospital Road, Off MKO Abiola Way, Ibadan, Nigeria

Ratings and reviews

I've tried several loan apps before, but this one stands out for its simplicity. From registration to disbursement, everything was smooth and fast. The interface is user-friendly, and the loan calculator helped me plan repayment with ease. I got approved within minutes, and the money was in my account in under an hour. What I appreciate most is the transparency—no hidden charges, and they clearly break down interest rates and due dates. Repayment is easy too

The loan process on this app is smooth and the funds arrive fast. I was in a tight spot, and it delivered. However, the interest rates are quite high. While I understand the risk involved for lenders, I believe loyal users should be rewarded with better rates over time. If they work on that, this app could easily be the best in the market.

The loan app is good despite the high interest rate but now am disappointed over what happened today. I took a loan which the repayment is four installment. I have never exceed the date of payment. I will normally pay that very due day either morning, afternoon or night before going to bed due to my busy schedule . To my surprise #20,550 has been increased to #25 on due date. Sorry I can't pay it because I didn't default. Please look to it cos I have paid actual amount. thanks.