How To Apply For a Soft Naira Loan App


The soft naira loan is one of the loan platforms with the quickest loan approval and easiest application processes. The soft naira loan is a loan that is available to people with the express intention of assisting them in starting or expanding a business. Due to the low-interest rate and lack of collateral restrictions, this loan is typically chosen by business owners.

Personal loans are available to residents of Nigeria through the mobile lending app SoftNaira. Both Android and iOS smartphones support downloading of the app. Users of the Soft Naira app can get quick and simple customer service in Nigeria.

Based on the loan size and repayment time, Soft Naira offers loans with interest rates ranging from 5% to 15% for amounts between N10,000 and N100,000.  Whatever you need to know about the Soft Naira loan app, especially how to download the app, register, log in, borrow money, and its legality, will be covered in this article. 

Review of soft naira loan app

Users of the Soft Naira have given it favorable feedback. The app’s user-friendly layout offers consumers quick and simple loans. However, Soft Naira charges interest on loans, just like any other loan app, and failing to repay the loan on time may result in penalties and have a bad impact on your credit score.

Features of soft naira loan app

In contrast to other loan apps in Nigeria, Soft Naira has a number of characteristics that set it apart. Here are a few of its standout features:


  • Simple process – The process for applying for a loan is quick and simple. Soft Naira’s loan application procedure is simple to use and can be finished in a short amount of time.
  • various payback periods – Depending on the loan amount, Soft Naira offers various repayment periods that range from 14 days to 6 months.
  • Competitive interest rates – Soft Naira provides borrowers with an economical solution with competitive interest rates starting at 5% per month.
  • Secure platform – Soft Naira protects user data and transactions using SSL encryption, ensuring that all information is kept private and secure.
  • Loan top-up functionality – Soft Naira enables consumers to add more money to their current loans if they need it.
  • Loan calculator – Soft Naira provides a loan calculator that users may use to figure out the interest and repayment sum for the selected loan amount and the desired loan term.

How to apply for soft naira loan app

Every loan platform operates in a different way. The platform for soft naira loans is not an exception. You must comprehend how the platform works in order to submit an application for a loan on it and be accepted. The soft naira loan platform works as shown below;

  • You must accurately submit all the information requested of you. Do not take this lightly as your loan application will be rejected if you provide any incorrect information, especially when it comes to your bank verification number.
  • You must include your bank verification number while submitting your information. The platform uses your bank verification number to determine whether you qualify for the loan you want to apply for on the platform. Your creditworthiness score is one of the indicators the platform utilizes to gauge if qualified for a loan.

The better your creditworthiness score, the more likely it is that your loan application will be accepted. And how debt-free you are affects your creditworthiness score. Your credit score declines as your debt to any loan or financial institution increases, making it harder for your loan application to be approved.

Before you apply for a loan, make sure you meet all the qualifying requirements or have cleared any debt you owe before.

Qualifications for soft naira loan application

  • You need to be at least 20 years old and no older than 60 to apply for a loan through the Soft Naira app. This means that the soft naira loan is not available to those who are younger than 18 or older than 60.
  • You must be prepared to give your bank’s BVN. You should be aware that no online banking system can ever grant you a loan without first requesting your BVN. They place as much importance on this as you do on money.
  • Your Passport- They can use this as a way of identification. They will be able to recognize their customers with ease, and you can be sure that the image you supply is clear and the background is suitable. This really aids them in determining your eligibility.
  • Last but not least, in order to qualify as a customer, you must make enough money each month to be able to repay your soft naira loan on time or earlier. Therefore, you might think twice about getting a loan if you’re unemployed.