KoboGo 25.5.2

To obtain a credit on your card, traditional banking procedures such as providing income statements, seeking guarantors, or collateral are unnecessary.

Securing funds onto your card is a straightforward process that can be completed in three simple steps:

1. Register within the application in under a minute.
2. Select the desired amount and repayment term.
3. Click "Receive" and upon approval, receive the funds on your card.

Availing an online credit without the constraints of branch visits and limited operational hours is both convenient and advantageous. Additionally, the service operates 24/7, with applications being swiftly processed in mere seconds.

Repaying an online credit aligns with the ease of obtaining it. Settlements can be executed via your personal account or at the bank's counter, with no imposed fees or concealed charges.

The process of obtaining credit online through our application is secure and user-friendly. Moreover, an optional "prolongation" feature exists, enabling clients to extend contracts repeatedly on favorable terms if necessary for extended financial support.

Only a Bank Verification Number (BVN) is required to access this service.

Here is some general information about the service:

• Minimum credit term: 65 days
• Maximum credit term: 90 days
• Minimum annual interest rate: 3.711%
• Maximum annual interest rate: 438%
• Minimum age requirement for credits: 18 years

An example of interest rate calculation is as follows:

For a third credit with a daily interest rate of 1.2%, obtaining 10,000 NGN for 65 days would result in a total repayment of 17,800 NGN; comprising 10,000 NGN as principal debt and 7,800 NGN in accrued interest.

Repayment:

To repay your credit amount, access the KoboGo app and adhere to the provided instructions. Timely settlements can enhance your credit rating and grant access to larger credit sums, extended terms, and reduced interest rates within the application.

Privacy and Permissions:

We encourage you to carefully review our privacy policy to fully comprehend how we handle your personal information as per our website and application protocols. We prioritize the security of your data by encrypting all shared information, ensuring that your personal details are never disclosed without explicit consent.

For further inquiries, please refer to our FAQ section on our website at kobogo.ng.