Reviews of SilkLoan - Quick Cash Loan

List of user reviews and ratings for SilkLoan - Quick Cash Loan

Total ratings

4.25 (Rating count: 21,460)

Review summary

Pros
  • Quick approval process
  • User-friendly interface
  • Fast disbursement of funds
  • Good customer service experiences reported by some users
  • Easily accessible loan options
Cons
  • High interest rates
  • Short repayment period (7 days)
  • Frequent unsolicited loan disbursement without consent
  • Aggressive collection tactics from agents
  • Lack of transparency in loan terms
Most mentioned
  • High interest rates and short repayment periods
  • Unsolicited loans being credited without user consent
  • Poor customer service and rude agents
  • Deceptive loan terms and practices
  • Frequent harassment for repayments even after loans are repaid
These summaries are automatically generated weekly using AI based on recent user reviews. User reviews may be inaccurate, spammy, or outdated.
See reviews for SilkLoan - Quick Cash Loan on Google Play Store
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User reviews

Recent rating average: 1.70
All time rating average: 4.25
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Rating filters

5 star
18% (9)
4 star
6% (3)
3 star
6% (3)
2 star
4% (2)
1 star
67% (34)
Date Author Rating Comment
2025-01-27
Olufemi Olanrewaju
Silk loan would have been the best loaning app but the last encounter I had with two of their agents damaged their reputation. An agent was calling my contact on the due date by 2pm and was even threatening the person like he took a loan from them or I have absconded with their money. Another was telling me I have to pay a day before the due date on the app and she was so rude even though I knew she was wrong. Agents have to be courteous and follow the rules.
2025-01-25
Ruth Tim
The app offers you the option of stating the amount you want. They make it seem like that is all there is. However, after you have put in every piece of information, you are given peanuts compared to what they let you pick initially. And then they forcefully send you the money even if you didn't accept. I won't pay back what I didn't accept. The money can practically do nothing for what I requested. Also, the payback time is too close.
2025-01-24
Jack Nkoro
The idea of consent doesn't appear to be something these guys understand. This is the probably the worst app on this platform. I'd say stay away and don't even think about downloading this extortionate app! 😂 There's no transparency at all with these guys.
2025-01-19
abhulimen jude
I just downloaded the app and requested a high amount, upon filing the requirements for the loan, suddenly I get a credit amount of 20k, which I don't need, like a have 20k, I requested 600k for business, maybe I'm the naive one here, but your organization is deceptive and running a scam, I literally just downloaded it I don't need your 20k, send the appropriate medium so I can refund the money bad, but yet this isn't possible... This app should be banned. If you don't take your money back..
2025-01-19
Adazion Edith
The disbursement is okay but the interest rate is really too high not only that but the loan term, 7 days😲if you people can do it 1month or even 14 days I will appreciate it, another one is not giving option of the loan one needs, last time I needed only 10k buh the available money I can take there is 41k which is much for me 🥺
2025-01-18
alex nwachukwu
From the review I'm reading, it's obvious you guys are fraudulent. Thank God I have never requested even though I have sent you all my details , including contacts and bvn , etc. First your interest rate is hidden. Second, I can't find the duration or tenor . Third, I thank God I have to review you on time before deciding and 99.9% of the reviews indicate you are fraudulent. I will delete your app now, and blacklist you and place a caveat on anyone seeking to do business with you.
2025-01-14
Jude UKACHUKWU
I repaid my loan and they kept asking for payment after showing debit Alert of repayment. Please stop sending me messages asking for payment. My repayment was made on the 10th while 13th was the due date for repayment. I sent messages to the WhatsApp number but they kept telling me to be patient while on the other side, they kept calling me and my contacts for another repayment. It's unfortunate, this is the first time taking loan from this App.
2025-01-12
A Google user
I took a loan of 20000 yesterday,which I was to pay in a months time,I accepted and was later debited 18000,only for me to found out today,they changed the repayment time to 18th of this month. This is fraudulent, you guys should better change the repayment to 1month , because that's what I click on before accepting your loan. Why give me 18000 to pay 24000 in 7days time. This is fraudulent act
2025-01-10
Okoye Charles
I hate this app with passion due to their huge amount of interest rates just for only a week. Just that I borrowed 12k from this company, they charged me the interest of 4k for only 7 days. Once I repay them now, I will just delete that app from my phone. and this is my first time of trying to patronize them.
2025-01-07
Katu Geof
You reply to me that "the system night not have received sufficient data to score my application"are you sure because I filled every gap with exact information unless if you have other requirements which you don't want to show us and you want us to guess it if we are to qualify I mean what sufficient data do you need which you don't ask for? Be open in your app.if there is nothing the it means your app doesn't work in my country let us know that also
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