Okilo Cash Loan App Review: quick online loan app in Nigeria
The Okilo Cash loan app will provide you with collateral-free loans ranging from $10,000 to $350,000 paid directly into your bank account within seconds with just your BVN and a few KYC details.
This loan application is still fairly new, and it has received mixed reviews while amassing over 50k downloads on Google Play. It gathers data on potential customers using loan software, including phone records, banking transaction alerts, and BVN, to create credit scores for each borrower.
Online loans are very expensive and have high interest rates because they require little documentation and have no requirement for collateral. They should only be used in an emergency and not be used to support one’s lifestyle.
How to Download APK and get a loan from Okilo Cash loan app
What other borrowers are saying about Okilo Cash loan app
The Google Play Store users who wrote these reviews.
Gyang Lo-Jugu said, “How can you tell me that this app is nothing but a loan shark app? You say you’re sending me N10,000, yet all the money you deduct as fees only puts N5,500 in my account? I’ll pay back up to $11,000. Don’t borrow money from these obscenely dishonest people since they are liars. I rated them 5 stars since they have a 5 star thieving record.
“What you apply for is not what you are credited and after crediting they give over 50% interest Scam,” Oyakhire Jimoh wrote.
It should be noted that no government body in Nigeria has registered or regulated online loan apps. If you choose to use them, you are in charge of your own safety and security. On short-term loans, the majority of them have exorbitant interest rates and other fees. Their typical repayment time is only seven days.
What are the requirements?
- Be a legal citizen or legal Resident of Nigeria
- Be at least 18 years old.
- Have a Monthly income source.
- Bind your ATM card to your account
- Provide details of two of your next of kins including their phone numbers.
- Have a good credit score with no outstanding loans from other lenders.
- Have an active bank account.
- Your phone number must be the one connected to your BVN.
- Have a valid government issued ID card
Okilo Cash loan app customer service number
Harago Financial Services Pvt Ltd
Email: [email protected]
Tel: +234 08084948272
Address：7 Jesudola Street Lagos Adamo Town, Lagos, Federal Republic of Nigeria
You can Apply For Quick Loan Using These Loan Apps
These loan apps are only for urgent loan for personal needs, they are all genuine loan apps
How To Apply For Sokoloan Using USSD Code
TIES Loan: How To Apply, Requirement, Closing Date
No card account is attached to this mobile – Zenith bank code error
About Author
metronaija
Mr Olawale Olokede is a registered loan officer and worked for over 10 years as a senior financial consultant for accounting, finance and business management firms in Nigeria. Mr Olawale Olokede implemented and supervised financial and loan solution to Lagos based small and medium scale businesses after lecturing at the Lagos Business school. He is channeled his writing skills and passion for blogging to set up Lending Naija with over 50 reviews on different loan application and downloads.
