What is SilkLoan and how does it work?

SilkLoan is a digital lending app for personal cash loans in Nigeria. You apply in the app, get a decision online, and repay over 90 to 360 days.

How much does SilkLoan cost?

SilkLoan does not charge a flat fee upfront, it offers interest-bearing loans. The disclosed APR is 12% to 36.5%, with loan amounts from ₦2,000 to ₦200,000.

How do I sign up for SilkLoan?

You sign up by downloading the Android app and completing the application in a few steps. The required information includes a mobile phone number, BVN, and some personal details.

Does SilkLoan have a mobile app?

Yes, SilkLoan has a mobile app for Android.

Who is SilkLoan best suited for?

SilkLoan is best suited for individual borrowers in Nigeria who need quick personal loans.

How do I contact SilkLoan support?

You can contact SilkLoan support by email at help@silkloan.net. The contact page also lists phone numbers 09169973781 and 09154689915.

Does SilkLoan have a plan for teams or businesses?

No, SilkLoan does not appear to offer a team or business plan.

Does SilkLoan offer an API or integrations?

No, there is no verified public API or integrations offering for SilkLoan.

SilkLoan: Overview, Features, Pricing & Funding

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SilkLoan is a digital lending platform that provides short-to-medium term personal cash loans to individual consumers in Nigeria through a mobile app.

Key capabilities include:

Fully online application designed to be completed in about 3 steps in roughly 3 minutes
Loan amounts from ₦2,000 to ₦200,000, suitable for small personal needs and short-term cash flow gaps
Repayment terms of 90 to 360 days, supporting flexible payback schedules
Interest-bearing loans with a disclosed APR range of 12% to 36.5%

Available on Android (Google Play); the website (silkloan.net) provides product information, FAQs, policies, and support contacts.

Target users are individual borrowers in Nigeria who need quick personal loans handled end to end in an app.

It is notable in the Nigerian market for offering , plus clear ranges for as listed for the Android app. Support is available via .