SokCash

* We recommend suitable and licensed cash lenders or platforms to our users who need to borrow money. The lenders or platforms we recommend to you may or may not be affiliated with SokCash, but we ensure that they are suitable, licensed, and capable of providing you with the loan you need.

WHAT WE DO
We do not provide loan services. SokCash is designed to find and recommend financial service providers or licensed loan lenders to our users.

WHAT YOU DO AS A USER
You inform us of the amount of money you are requesting for and pay a small recommendation fee to facilitate our search for a suitable platform or a cash lender close to you.

LOAN AMOUNT
NGN 50,000 to NGN 2,000,000

LOAN CHARACTERISTICS
(These loan characteristics may be subject to change by the suitable licensed lender or the platform recommended by SokCash for you to get your loan)
Minimum Annual Percentage Rate (APR): 10%
Maximum APR: 33% (reducing balance)
Minimum repayment period: 3 months
Maximum repayment period: 12 months

A representative example of the total cost of loan:
Amount Borrowed (Principal) = NGN 20000/-
Interest Rate (APR) = 18% - 33%
Tenure = 12 months
Amount disbursed = NGN20,000
Your EMI amount = NGN2,315 (sample monthly payment based on PMT method)
Interest amount = NGN2,315 x 12 - NGN20,000 = NGN7,780 (sample interest calculation)
Total Cost of Loan = Interest Amount + Principal = NGN7,780 + NGN20000 = NGN27,780

FEES
Recommendation Fees: NGN 1,050 - 3,050 (depending on the type of lender you are requesting)

FEE REFUNDS
To ensure your peace of mind, SokCash offers refunds exclusively to cash requestors to whom we have recommended a lender and who are unable to contact them through any means. In such cases, we will refund the amount back to your SokCash balance, allowing you to utilize the funds for the next time you require a cash lender and cover the small fee. We take pride in delivering a safe and dependable platform, and our constant endeavor is to ensure our customer`s satisfaction with our services.

WORKING HOURS
SokCash is available 24/7

SPEED
We care about your time and have made SokCash very fast and easy to use.

SOME FEATURES INCLUDE:

SECURE ACCESS
We use only the highest levels of internet security, secured by 256-bit SSL security encryption.

EASY NAVIGATION
SokCash is easy to use, easy to understand, and very user-friendly.

PAYMENT MADE EASY
With secure payment options such as USSD payments and bank transfers, you can pay a small recommendation fee to enable us to find you a suitable lender or a platform.

REQUEST & RECEIVE CASH
We are always available during our working hours to locate suitable and licensed loan lenders or platforms for your loans.

24/7 CUSTOMER SUPPORT
At SokCash, customer experience is at the heart of everything we do. It`s why we come to work each day. You can always provide any feedback that could help us help you. We attend to complaints swiftly, and we ensure that we provide all the assistance you need. No issue is too small. If it matters to you, it matters to us.

Have a question? Contact us at services@sokcash.com