Social Lender

Interest Rate (5% – 20%)

 

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Description

Social Lender


Social Lender is a lending solution based on social reputation on mobile, online and social media platforms. Small cash requests are offered to members of Sterling Bank Social Media communities with a valid Sterling Bank account. Cash requests are guaranteed based on the user’s Social profile and reputation. Social Lender is best for anyone looking for an unsecured personal consumer loan, students and individual’s ineligible for typical bank loans due to thin credit files.

Loans from moneylenders are designed to be short term loans of N10,000 to N100,000 that are designed to tide you over to the next payday.

Pros

  • Fast loan approval process
  • Loan based on social media profile

Cons

  • Sterling bank account requirement
  • Low maximum loan
  • Short loan time