Silk loan app is a Safe and reliable loan app in Nigeria. With it’s services, you can get instant money to start up a business or solve your urgent need.
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.
Silk loan features
·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.
To learn more, go through their Privacy Policy using the link: https://silkloan.net/policies-terms?content=privacy
Silk loan customer service
If you have any questions, enquires or problems with the loan app, you can reach the using their contact Email: [email protected]