kolomoney
Kolomoney is a fast, secure, and convenient mobile lending app built for Nigeria. Apply in minutes using your phone — no paperwork, no guarantor. Loans are approved quickly with transparent fees and flexible repayment options. Perfect for:
- Bills and urgent expenses
- Micro-business support
- Short-term cash needs
⚠️ Loan Information
Loan Amount:
NGN 10,000 – NGN 500,000
Tenure:
91 to 365 days
APR (estimated):
15% – 35% (annualized)
Service Fee:
10% – 25% (depends on credit profile)
Disbursement Method:
Bank Transfer
Requirements:
BVN Number, Phone Number
Repayment Options:
In-app Payment or Bank Transfer
Example:
Borrow NGN100,000 for 365 days. Interest rate 30% and Service Fee rate 10%
Interest Fees = NGN100,000*30%=NGN30,000
Service Fees=NGN 100,000*10%=NGN10,000
Total repayment = NGN 140,000.
Final cost varies by tenure & applicable fees — always check the repayment table before confirming.