Coco loan is one of the loan app that give instant loan in Nigeria, with Coco loan you don’t need to look for guarantor or collateral, with your phone and bvn you are good to go.
With coco loan you can get up to #50, 000 at a go, but as a first timer you might not get up to this.
This article is all about Coco loan, their Interest rate, pay back period, how to apply and are they legit. All this and other important information about Coco loan will be shared in this article.
About Coco loan app
Coco loan app was realised to public in 2020 with the aim helping people with credit. They want Nigeria to have enough money to go around, there for reducing poverty.
Requirements of Coco loan
Like other many loan app in Nigeria, before you can take a loan from Coco you need to meet up with some requirement which are
Be a Nigeria and reside in Nigeria
Have a bank account and bvn
You must not have defaulted on any loan before
You should have a good credit score
Have a phone number
Be above 18 years of age
How to a apply for Coco loan
The first step is to head over to play store and download Coco loan app
After that launch the app and register with your name and create a password
During the process of registration you will be ask to snap a picture through the app, submit your bvn and your address
Once you are done with the registration you can now proceed to take a loan from the platform
To take a loan locate and click on loan option in your dashboard
Once you click it, you will see amount of loan offer available to you
If you like it, proceed and link your ATM card with the app.
Once you accept the offer the loan will be disburse into your bank account in the next 30 minutes.
Coco loan interest rate and pay back period
Coco loan interest rate is between 2% to 24% depending on the amount of loan and the pay back period. The pay back period ranges from 91days to a year. If you have good credit score Coco can loan you up to #500,000 with out collateral.
Is Coco loan app legit
Coco loan app is legit loan platform, a lot of people have taken loan from the app and pay back.
The only problem with this loan app is that they use to defame their defaulted customer, if you defaulted once you will see your name across social media with derogative content.
Coco loan is legit but wicked
Coco loan contacts
Coco loan Phone number
09021130189
Coco loan Customer Service Email
[email protected]
Coco loan address
Address: 212 Allen Ikeja, Lagos,Nigeria
Conclusion
Coco loan is legit but careful when taking loan on this platform, don’t take loan you don’t have means to pay back to avoid embarrassment.
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