Kobogo Loan App Review, Interest Rate, Is it Legit?

Over the years, Kobogo loan has been a lot of benefits to many Nigerians. You can borrow money without passing through much stress or tedious paperwork and collateral.

In this guide, I’ll walk you through the details of their kobogo loans, their interest rates, requirements, how to apply, how to download kobo go app, their contact number, and finally, its legitimacy.

Interest Rates

For me, I think koboGo interest is a little bit high. Here are some examples and breakdowns. Just take these to determine what to expect:

• Minimum Annual Interest Rate: 3.711%
• Maximum Annual Interest Rate: 38%

For instance, a loan of 10,000 NGN for 30 days and an interest rate of 5.2% per day. The amount to be repaid would be 17,800 NGN, comprising the principal debt of 10,000 NGN and 7,800 NGN of accrued interest.

Almost 8000 naira interest on a 10 000 naira loan is somewhat high but then it depends on you and what you want. If this is not too much for you them you can proceed to obtain a loan from them.

If you want to explore other available options, consider reading this:

Top 20 Loan App in Nigeria 2025 with Low Interest Rate

Kobogo Loan Requirements

To apply for KoboGo loan, there are some requirements you need to meet. You must:

• Be at least 18 years of age.
• Possess a valid Bank Verification Number (BVN).
• Be a Nigerian or live in Nigeria
• Have a stable source of income.
• Maintain an active bank account.

How to Apply

Getting a KoboGo loan is very easy. Here’s how:

1. Download the KoboGo loan app from the Play Store
2. Register on the app in under a minute.
3. After registration, login and the app will calculate and determine what loan offer is available to you
4. Select the desired loan amount and the repayment term that suits your needs.
5. Click “Receive,” and if your application is approved, the funds will be deposited into your account.

Remember, for your security, do not download loan apps from unofficial app stores, as they might compromise your security and privacy. Stick to the official like Google play and Apple app store.

Customer Care

For any queries or assistance, KoboGo offers customer care support. You can reach out to them within the app itself. You can also contact them via:

• Email address: info@kobogo.ng
• Address: 48, Awolowo Road, Ikoyi, Lagos, Nigeria
• Telephone number: +234 806 698 8178

Is Kobogo Loan Legit?

Yes. KoboGo loan app is Legit and safe to download. The app is on the Google play store and has been downloaded over 500k by many Nigerians. The app has over 1000 reviews (both positive and negative) and over 3.3 star ratings..

You can read their customers reviews before proceeding to take the loan.

If you have any questions regarding this guide, please let us know by dropping a comment below.