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Personal Loan :: You Can Bank on MKOBO

Personal Loan


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Our Personal Instalment mean is for people looking for larger loans for a longer duration, to cover funding gap such as rent payment, school fees, family emergency, medical expenses, car expenses etc. You can apply online 24hrs and the process is very simple, convenient and straightforward.

Product Features

  • Borrow from N51,000 – N500,000
  • Competitive interest rates 
  • Low Processing & Admin fee
  • Maximum loan term of 6 months
  • There is no minimum monthly salary requirement but your monthly repayment cannot be more than 33% of your monthly salary.
  • Repayment via direct debit directly from your salary account.
  • Very quick turn around, loan usually paid into your account same day of receiving your fully completed application form.


  • Must have been in current employment for a minimum of 6 months
  • Must provide proof of employement & be confirmed staff
  • Must provide valid work ID
  • Must provide last 3 months payslip
  • Must provide a valid official ID (Passport, Drivers License, National ID or Voters Card)
  • Must provide one proof of address dated within last 3 months.
  • Must provide most recent stamped 6 months bank statements .
  • Must provide NUBAN cheque to cover loan repayments
  • We may request a Guarantor in some cases

Responsible Lending

As a responsible lender we promote financial inclusion and take reasonable steps to ensure the following;

  • Loan amount is easily repayable from monthly income.
  • We take into account any other loans or debt the borrower may already have.
  • We will also consider the purpose of the loan.
  • Validate and provide information available on the Customer to the relevant Credit bureau agencies
  • Incorporate foreseeable changes in the Customer’s situation into our lending model

Our aim is to help individuals meet short term emergency needs who are underserved by the Commercial banks, by providing affordable and accessible loans.

How To Apply

  • Complete our online application by clicking here
  • Call us on 0700 000 65626 | 081 425 28301 | 0908 0640 4444
  • You can also email us at
  • Once we receive your application and documents we will process your this immediately.
  • Offer letter will be sent to you once approved stating clearly the payment plan
  • Money will be in your bank account within 24hrs

For more information or to discuss your requirements with us contact us on 0700 000 65626, or email us at