How To Get A Free Loan On Sokoloan App Without Paying Back Legally (2020 Latest Trick)

How To Get A Free Loan On Sokoloan App Without Paying Back Legally

This page covers the exclusive guide and latest 2020 review on how to get a free loan on Sokoloan App without paying back Legally. It’s a long-time kept secret you need to use too. 

Of course, it might sound weird or even deceitful. But believe me when I say it’s very possible to get a loan up N50,000 and above or below without being asked to pay. This can only be done on a Nigerian lending app which goes by the name Sokoloan.

But how? That’s exactly what I am going to be talking about in this amazing article you are about to read.

Did you take a loan online and it became hard to repay? Are you looking for a way to borrow money online without paying back legally? If yes, then you are on the right page that will serve you well.

In this article, I will be talking about How To Get A Free Loan On Sokoloan App Without Paying Back Legally.

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What Is Sokoloan App All About? {2020 Review}

Sokoloan App is a legit loan app purposely created to help people who urgently needs a particular amount of money but lacks it at that moment. The app offers a very pleasant experience for users and this has earned them a lot of positive reviews. In fact, it’s one of the best online loan apps in Nigeria as of 2020

RECOMMENDED: 15 Best Online Loan Apps In Nigeria 2020

Sokoloan app allows you to increase your loan limits and approval chances by repaying your debt on time. Moreover, the app offers a satisfying service with its users. Its fees and repayment policies ain’t too hard to abide.

Sokoloan App works impressively when it comes to delivery as well. If you could meet up to their requirements, you’ll surely get funded in 5 or lesser minutes after applying for a loan.

Sokoloan App Interest Rates & Payments Policy

The Sokoloan app Loans range is from ₦5,000 to ₦100,000 with terms from 91 to 180 days. Its Interest and service fee ranges from 4.5% to 34% with an equivalent monthly interest of 3% to 29% and APR of 29% to 365%.

For example, let’s say you took a loan of N1,000 to be returned in 6 months. Sokoloan will charge an interest rate of 4.4% per month. Multiplied by 6 months will be 26.4% which is N263. This means the total amount of repayment will be N1,263.

Also, Sokoloan App allows users to refer friends and get a commission for that.

Sokoloan App Requirements

  1. Valid bank details
  2. Bank Verification Number (BVN)
  3. A valid email address
  4. A mobile number
  5. An android phone
  6. Internet connection
  7. Age 20 and above
  8. A means of identification
  9. Valid Debit card (for repayment)
  10. A stable source of income

How To Apply For A Loan On Sokoloan App In 2020

  • Firstly, go head-over to your Google Play Store app and search for the term “Sokoloan App” and install the app right away.
  • On launching it, the Sokoloan app will ask for permission to access your device Storage, Phone, Location, Contacts, Camera, and Calendar. Allow these permissions to proceed.
  • Sign up. (If you don’t mind, you can use my referral code in the process “11100869″. In that way, I’ll believe you appreciate me for sharing this article).
  • From your dashboard tap the option “Apply Now” located at the downside of the page.
  • Fill the provided form with your correct details without any mistakes.
  • After requesting the loan, sit back and await your bank account to get funded.

How To Get A Free Loan On Sokoloan App Without Paying Back In 2020 Legally

Honestly, I’ve been taking loans on this app for a long time now but actually didn’t realize there was a way to leave my debt unpaid without being asked until now. Meanwhile, that’s the exact thing I’m about to enclose to you.

To get a free loan on the sokoloan app without paying back in 2020 legally is as simple as performing one of the app’s interesting features which is: REFERRING!!

Like I said earlier, the sokoloan app also allows users to refer friends and get a commission for that. So here comes the rewards you will get.

When you refer you a friend and the person eventually signed up and make a successful loan you’ll be rewarded with N1000 immediately. Meanwhile, there isn’t a limit to the number of people you can refer. This means you can slowly decrease your pending repayment by just convincing a lot of people to make use of the app as well. That’s it!!

So the tragic here is; divide the amount of loan you got from the Sokoloan app by 1,000. The answer is the number of people you are to refer to get your debt off your neck.

To illustrate, let’s say the amount of money you borrowed is N5,000. 5,000 divided by 1,000 is 5. Therefore, you have to refer just 5 people to make use of the Sokoloan app and you won’t need to pay back again. Viola!!

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How To Refer Someone On Sokoloan App

1. Find Your Referral Code

  1. To find your referral code tap on the image with a text “Invite Friends” located at the middle section on your homepage.
  2. On the next page, you will find an eight digits number. That’s Your Referral code.

2. Share Your Referral Code

  1. After locating your referral code, copy it to your clipboard and paste it to whosoever it is you want to refer to use in his/her signing up process.
  2. You can also make it quick by tapping the with a text “Invite Now” located under the eight digits code. This will show a pop-up an option for you to share a link made up with your referral code on any social media you wish either as a message or as a post.

Download Sokoloan App Apk Latest Version

It’s likely you have the  Sokoloan app on your phone already. If you do, then start making use of the useful tip I just shared to get a No-Repayment free loan on the app now. But in case you don’t, download the sokoloan app apk latest version below.

Download Sokoloan App: Free Apk Latest Version

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Conclusion:

So, what next? Start getting a free loan on the Sokoloan app without paying back just by simply sharing the good news like I just did.

I hope that was useful? And was I able to provide something unique for you?

Why not take your time to share your thoughts in the comment section. And kindly share this article by using the share button below.

Bye!

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