SMF Nkosuo Loans

SMF Nkosuo Loan is a unique short term loan facility designed for our Susu and regular savings account holders who need financial support to settle their various financial needs

Loan details

Maximum Loan Amount
₵1500-₵3000
Term
6-10 months
Interest Rates
Srarting at 15%
Application Process
15-minute online or by phone
Funds paid into your account
Next business day following approval
Repayment Frequency
Weekly or Fortnightly
Fees and Charges
No Fee Loan Option

Loan Calculator

Loan details

Maximum Loan Amount
₵1500-₵3000
Term
6-10 months
Interest Rates
Srarting at 15%
Application Process
15-minute online or by phone
Funds paid into your account
Next business day following approval
Repayment Frequency
Weekly or Fortnightly
Fees and Charges
No Fee Loan Option

SMF Nkosuo Loan is a unique short term loan facility designed for our Susu and regular savings account holders who need financial support to settle their various financial needs. Through this loan, our clients are able to expand their petty trading businesses, re-stock, pay rent, schools fees for their wards, settle medical bills, acquire assets, etc.

Representative example:

Representative 8.3% APR. Based on a loan amount of 4,000 over 36 months at an interest rate of 8.3% p.a. (fixed). Monthly repayment 125.35. Total amount repayable 4,512.44

Who can get a loan?

To get a loan you must:

  • Be at least 18 years old
  • Be a UK resident, with proof of address
  • Provide proof of your income
  • Pass a lender’s credit check

Most providers have their own assessment criteria so a particular provider may give more weightage to certain criteria than another.

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