Question 1

What is SilkLoan and how does it work?

Accepted Answer

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.

Question 2

How much does SilkLoan cost?

Accepted Answer

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.

Question 3

What countries does SilkLoan operate in?

Accepted Answer

SilkLoan operates in Nigeria.

Question 4

How do I sign up for SilkLoan?

Accepted Answer

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.

Question 5

Does SilkLoan have a mobile app?

Accepted Answer

Yes, SilkLoan has a mobile app for Android.

Question 6

Who is SilkLoan best suited for?

Accepted Answer

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

Question 7

How do I contact SilkLoan support?

Accepted Answer

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

Question 8

Does SilkLoan have a plan for teams or businesses?

Accepted Answer

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

Question 9

Does SilkLoan offer an API or integrations?

Accepted Answer

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

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