As of 2025, there is no recognized USSD for the Sokoloan USSD code. So, this means that you should condemn any information you see online regarding a Sokoloan USSD code to borrow a loan or other services by Sokoloan.
However, if there’s any update regarding the Sokoloan USSD code in the future, this page will be updated.
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Furthermore, this article has been designed to provide details about the Sokoloan USSD code and other important details in applying for the Sokoloan. Let’s jump right into it.
How Does Sokoloan Work?
Sokoloan is a financing institution that has been registered in Nigeria since 2028. The platform provides loan services to its customers who meet their criteria for obtaining a loan. In addition to that, Sokoloan offers loans to both individuals and businesses.
With the Sokoloan platform, you can get a loan minutes after a loan request. These loans can also be accessed via the Sokoloan official app or the Sokoloan website.
Now that you’ve read what the Sokoloan platform is all about, let’s consider the criteria to obtain a loan from Sokoloan.
Documents Required for Sokoloan Loans Approval
These are the documents to submit to get your loan request approved on Sokoloan:
1. A valid commercial bank account in Nigeria.
2. An active phone number that can receive and send messages.
3. A Bank Verification Number (BVN)
4. An active email address.
5. A smartphone that can access the Sokoloan app or website.
6. A valid means of identification may include a National Identification Number slip, Driver’s License, and Voter’s Card, among others.
7. A valid ATM card, which may come in handy in repayment.
Requirements for Applying for Sokoloan
These are the requirements for applying for the Sokoloan platform:
1. Applicants must be eligible citizens of Nigeria and also live in Nigeria.
2. Those with a valid and stable source of employment are welcome to apply for Sokoloan.
3. Must be 20 years of age and beyond.
4. Candidates must show commitment to repaying their loan amounts when due.
5. Those with a good credit score will be prioritized in this loan application.
6. Applicants must accept and comply with Sokoloan terms and conditions for obtaining a loan on the platform.
So far, we’ve examined the criteria and documents needed to apply for the Sokoloan platform. Let’s check out the step-by-step process of obtaining the Sokoloan loan.
How To Apply For Sokoloan Loan
Below is a step-by-step guide on how to apply for a Sokoloan loan and be approved:
Step 1. Meet All Eligibility Criteria
Before making a move to apply for Sokoloan, check if you meet all eligibility criteria. This is because missing out on one of the eligibility criteria of the Sokoloan loan could make you ineligible for the Sokoloan loan package. So, ensure that you meet all eligibility criteria needed to successfully apply for the loan before applying.
When you do this, your chances of getting approval on your loan request will be successful.
Step 2. Download the Sokoloan App
The Sokoloan app is the official avenue where you can access Sokoloan loan packages. As stated earlier, the USSD code method of accessing Sokoloan has not been confirmed.
So, download the Sokoloan app from your device’s official app store. For instance, if your device uses the Google Play store app store, then follow this method:
• Launch the Google Play Store app on your device.
• On the search bar located at the top of your screen, search for “Sokoloan”.
• Once you find the Sokoloan app, click on the “Install” button just beneath the app logo. Wait for the app to finish its installation and open the app.
• You can open the app to access Sokoloan loan offerings.
Step 3. Sign up on the Sokoloan App
After successfully installing the Sokoloan app, you’ll be required to sign up for the app. The Sokoloan app, just like every other loan app, would require that you sign up to be able to access their services.
So, click on the “Register” option that is displayed on the Login page. Then, fill up your details correctly on the field that is opened to you. When you’re done with that, then move to the next step.
Step 4. Request for a Loan
The next step would be to request a loan on the Sokoloan app. You could do this immediately or wait for a time to pass before requesting. Select the amount you need and your repayment periods to pay back the loan.
Depending on the loan amount you go for, your repayment periods could span a couple of months.
Step 5. Receive the Money
Upon the approval of your loan request, you will immediately be credited to your account.
This usually is experienced within minutes after the application request has been sent. As long as your details are correct, you’re sure to receive your loan from Sokoloan.
Sokoloan Interest Rate
Sokoloan interest rate usually ranges from 4.5% to 35%. However, the exact interest rate is usually dependent on several different factors, such as loan amount, repayment periods and so on.