What is Sofri Nano Loans?

Sofri Quick Cash nano loan is an unsecured digital loan service that provides small, instant loans ranging from ₦5,000 to ₦100,000. Designed for convenience, the entire loan application and disbursement process is completed in 5 minutes or less. With repayment terms ranging from 15 days to 180 days, Sofri Nano loans is tailored to meet your short-term financial needs efficiently and responsibly.

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Why Choose a Sofri Nano Loan?

Instant Loans: Get your loan approved and disbursed in minutes.

Flexible Repayment Terms: Choose repayment durations that suit your financial situation.

Easy Accessibility: Designed for quick access when you need it most.

Secure and Reliable: Powered by Sofri’s advanced credit algorithm and risk management system.

Eligibility Criteria

To qualify for a Sofri Nano Loan, you need to meet the following criteria:

Active Sofri Account: Applicants must have an operational Sofri account.

Verified KYC: Ensure your identity and details have been verified.

Good Credit Rating: A positive credit history is required for approval.

Age Requirement: Applicants must be between 18 and 59 years old.

Active Debit Card: A valid debit card from any bank is necessary for direct debit.

Residency: Applicants must reside in Nigeria and fill out the residency requirements on the app.

How the Loan Process Works

Our seamless loan process is powered by an intelligent credit decision engine. Here's how it works:

Enter Loan Details: Specify the loan amount and purpose.

Credit Check: A quick credit check is conducted to determine eligibility.

Fraud Detection: We integrate with third-party bureaus to ensure a secure process.

Loan Offer: If eligible, multiple loan offers are displayed with varying tenors and interest rates.

Choose Your Offer: Select the amount and repayment term that suits you.

Loan Account Creation: Once accepted, your loan account is created, and your status is updated.

Set Up Repayment: Link a debit card to facilitate repayments seamlessly.

Why Sofri is Different

At Sofri, we make borrowing stress-free by fusing innovation with trustworthiness. In order to provide equitable and transparent lending, our decision engine evaluates your request using a unique credit algorithm. Sofri Quick Cash guarantees a secure, effective, and customized borrowing experience with integrated fraud detection and a customer-first philosophy.

How do our loans work?

Apply with just One Click!

To get started, click on the “Apply Now” button and Select your preferred option.

Loan Selection Option

You will be presented with several loan options to choose from, choose one to proceed.

Loan Application and Submission

Fill the loan application form and submit once completed. You will also need to submit a few documents.

Frequently Asked Questions

Do you give loans?

Yes. All you need to do is enter the required details and apply for a loan on the go. Our minimum loan amount is N150,000 and the upper limit for a new customer is N5,000,000.

If I open an account, will I get an atm card?

Customers can apply for the card by filling out an application form or applying online at the bank's website. All Sofri account holders are eligible for a Sofri Card.

What do I need to open a Sofri account?

Be minimum of 18 years old and a Nigerian citizen, an active phone number and email address, a smartphone (iOS/Android) that supports the latest version of the Sofri app. Lastly your BVN and Means of Identification.

How secure is the Sofri app?

All security features have been enabled to make your session on the App completely secured.

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