Imokash loan app review: how to apply, is it legit and interest rate

Imokash loan app will give you you loan in Nigeria without collateral or paper work. You don’t need to visit any location, with your smart phone you are good to go.

Imokash will give you loan of up to #200,000 at a go. Their loan processing is very fast, within 1 hour of submitting application your account will be credited.

Requirement to obtain loan from imokash

Before you can obtain loan form imokash their are some requirement you need to meet up with which are

Have good credit score

Have bank account and bvn

Have source of income

Be above I8 years of age and below 55 years of age

Have smart phone with which to download the app

How to obtain loan from imokash

To obtain loan from imokash, head over to play store and download the imokash loan app

Launch it and register with your name, bvn and other details

You might be ask to bind your ATM card which will attract #30 fee, do so and proceed

After the registration, you will be login to your dashboard

On your dashboard locate and click loan

There you will see amount of loan you are elgible to obtain

Take this loan offer and wait for disbursement

How much you can obtain from imokash loan app

With imokash loan app, you can obtain up to #200,000 at a go. But as a first timer your loan amount will not be up to this, it might not be more then #50,000 but as you continue to take loan and pay back on time the amount of loan you can obtain will increase.

Imokash loan interest rate and repayment period

Their interest is 15% per year and 1.25% per day depending on the amount of loan obtain. The repayment period is between 7 days to 90 days also depend on the amount of loan secure.

As a first timer, your interest rate will be high and your repayment period will be short. As you continue to take loan from this app this will improve.

Paying black your imokash loan app

To pay back your loan app, head over to your dashboard

Locate and click on loan, there you will see different option to pay back your loan

Click on one and make payment

Once you make payment it will reflect on your dashboard

If it does not, you should contact them

What will happen if I default or refuse to pay back

If you default you will be punish with increase in interest rate with might be up to 2% and if you decide not to pay back at all; your name, bvn and other details will be forwarded to credit bureau for black listing. Also they might send provocative message to your contacts

Is imokash loan legit

Yes, imokash loan is legit, they will give you loan in Nigeria, but they are not license by CBN nor insure by NDIC. So exercise caution when taken loan from them.

Our verdict on Imokash loan

With imokash, you can obtain up to #200,000 loan. They have good review on play store, which shows that they know what they are doing.

Another good thing about this loan app is that you don’t need to pay processing fee.

But they are not license by CBN so take caution when taking loan from them

Contacts

Phone: 08139042257

E-mail : [email protected]

Hours: Monday to Friday: 09.00 – 18.00Office

Address: ZONE 5, DALABA ST, , WUSE, FCTWebsite : https://www.imokash.ng

Conclusion

Above is how to obtain loan from imokash, as you can see they do give out loan but I will advice you to take loan that you know you can pay back to avoid had I know.

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