SilkLoan App – Reviews, Requirements, How To Get The Loan Instantly


With SilkLoan app you can get access to instant Safe and reliable loan in Nigeria up to the sum of NGN 200,000 without collateral to attend to urgent Financial issues that that come up.

it is Easy to get the instant money from . SilkLoan.

The information provided in this article concerning this app is based on information available from the owners of the app and in no way represents the opinion of growfinance and it’s authors.

Why SilkLoan is better than other Apps

1. SilkLoan responds to customers’ financial needs online 24/7, earning the trust of customers in Nigeria.

2. They 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.

3. You can apply for a personal loan anytime, with just 3 steps that take 3 minutes to complete the loan process.

4. SilkLoan unlocks the power of finance to help more people achieve their dreams sooner.

Features Of SilkLoan

The following are the main features of Silk loan:

1. SilkLoan Loan Amount:

Loan amount ranges from ₦2,000 to ₦200,000

2. SilkLoan Repayment Period:

Installment repayment over 90 to 360 days

3. SilkLoan Interest Rates

Annual Percentage Rate (APR) ranges from 12% to 36.5%


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

Requirements To Apply For And Get SilkLoan

The following are required for a successful  SilkLoan application:

1. Applicant must be aged over 18 years old

·2. He/She must have a valid mobile phone number

·3. Your bank information must be available.

Information Security With SilkLoan

They will ensure the complete security of your information and will not share it with anyone.

How To Get SilkLoan Instantly

Simply download the app from Google play store and follow the prompts.

Reviews From Customers Of SilkLoan

Even though SilkLoan app is relatively new, many of their customers who have used the app to access loans are happy with it. They comment that it works well.

Some of the Customers however are unhappy with the app. They complain about difficulty in getting OTP to complete the process as well as some delays in the loan review process.

For a more detailed Individual Customer reviews visit Google play store.

SilkLoan Privacy Policy:

SilkLoan contact Details

For more information, complaints or feedbacks, do well to contact Silkloan via the following Email:

Contact Email: [email protected]

In conclusion, the above information about Silkloan app is provided to assist you when you have need for online loan to enable  you weigh this against other options open to you so as to take an informed decision. We equally advise that you check up our posts on risks associated with online loans, savings and transactions.


Equally note that our website, growfinance, neither provides loans and other  banking services nor promotes any app over the other but merely gives information to the public based on information available from app owners

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