Cocoloan App (Is Cocoloan App Legit or Scam?)

If you are looking for a loan for this main reason or even if it’s for something else no matter how silly it is as long as you know you can pay back then this article is for you, so make sure to read this complete Cocoloan App Review. I know that some of you out there have great business ideas and that these ideas are billion dollar ideas but to start it up you need funding but that is what you do not have. I know that some of you out there have great business ideas and that these ideas are billion dollar

In this article, we will be discussing a loan application known as Cocoloan. Recently, I have been writing more about loan applications; if you are interested, you can check out my most recent post for more information on loan applications; all of them have good and amazing features. Now, I know you did not just stumble upon this article with no knowledge of what the Cocoloan App is; you may already know a thing or two about them; however, whatever the case may be, make sure to read this until the very end as

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Nigerians have access to a variety of trustworthy lending features and products through the use of the Cocoloan App, an online lending platform.

Review of the Cocoloan App (Is Cocoloan App Legit or Scam)

Cocoloan App

We would like to make it perfectly clear that we cannot be held liable for any losses that may result from the use of the Cocoloan App.

This review was written by us voluntarily for educational purposes only; we are not affiliated with the company in any way.

What exactly is this Cocoloan app?

As was mentioned earlier, this is a loan giving application for Nigerians, and they provide citizens of Nigeria with lending products that are both up to date and dependable.

Step-by-Step Guide to Getting Started with the Cocoloan App

You should be aware that in order to begin using the Cocoloan App, you will first need to sign up for an account with them, which is a quick and painless process that is also completely free.

After you have finished with that, verify your account using any of the documents that have been issued by your government. This is done primarily so that they will know that you are a Nigerian and so that they will know who it is that they are giving their money to.

Make a loan application. When you have completed the identity verification process on Cocoloan, you will be able to submit a loan request and have the funds transferred to your bank account electronically.

If I had known earlier, I would have told you, but it does not change anything that I am telling you now: in order to qualify for a loan from Cocoloan, you must be at least 18 years old.

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On top of that, there is a maximum age limit for those who want to borrow loan money, and if you are 60 or older, you won’t be able to borrow loan money through Cocoloan.

The lowest and highest amounts that can be borrowed

The least amount of money that can be borrowed through the Cocoloan App is 5000 naira.

While the most they will lend you is 50,000 naira, you can apply for it online.

Interest Rate on the Cocoloan App
Although there is no membership fee or penalty change if you do not delay your payment scheduled date, the service fee can range anywhere from 0% to 10% of the total payment.

Referral Program for Cocoloan Loan Applications

Because the Cocoloan App does not have a referral program, there is no way to earn money through the use of the Cocoloan App by completing certain tasks.

Who was the original creator of the Cocoloan app?

We do not know for certain why the CEO of this platform has not been revealed; however, we will continue to look for information regarding the CEO of Cocoloan. Currently, this platform does not have a known chief executive officer.

Cocoloan App

They have a mobile app that is easily accessible through the google play store; to download this app, search the google play store for “Cocoloan,” and then click the “install” button once you see it.

Support for Customers Using the Cocoloan App

You can reach out to Cocoloan’s customer service department in one of two ways: either by sending an email or by sending a letter directly to the company’s headquarters.

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Headquarters- 212 Allen Ikeja, Lagos, Nigeria

Is the Cocoloan App a Legitimate Business or a Scam?

Although we have seen a lot of people complaining and giving negative reviews about the Cocoloan App, it is still unclear at this time whether or not the platform in question is legitimate or a scam.

One more thing about them that makes them appear fishy is the fact that their CEO is a mystery. However, the best way to determine whether or not this platform is a scam is to test it out on your own.


This brings us to the conclusion of this fair and balanced review of the Cocoloan app; in the space below for comments, please share your fair and balanced opinions regarding this app.

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