Frequently Asked Questions
- What is DIGIKOLO?
DigiKolo is a flexible savings platform driven by Digital Space Capital Limited aimed at encouraging a proper savings culture for individuals with a financial goal. DigiKolo avails you the opportunity to do more with your money seamlessly be it just the conventional savings, target savings, or locking funds away for a period.
- Why should I save on DIGIKOLO?
There’s a host of reasons you should save on DigiKolo, but we will shorten it to 3 reasons;
Very attractive interest rate on DigiKolo(10%), DigiTarget(10%) and DigiLock(13.5%)
Easily save and invest with user-friendly tools
Effectively save for different purpose at the snap of your finger
We offer you amazing interest rates and guarantee the safety of your money.
- How do I know the savings plan that is best for me?
Our different savings features are designed to suit different needs. DigiKolo app consist of the following features;
DigiKolo: Where you put money away either daily, weekly, or monthly for savings
DigiTarget: This plan helps you commit to a goal for a fixed period of time, it helps you save towards a goal or an event with a very return on your savings.
DigiLock: This is a fixed savings option that allows you to lock your savings for a particular period of time.
- Is my money really safe with DIGIKOLO?
DigiKolo is secured by 256 bits SSL security encryption. We make use of the highest levels of internet security to keep you rest assured about the safety of your funds.
- How much can I save on DIGIKOLO?
You can save as much as you want.
- How easily can I withdraw my savings?
We made withdrawal very seamless for you. You can always withdraw from your DigiKolo account Once you complete your savings goal at set maturity date, all you need to do is:
Click on the withdrawal icon
- How many savings targets can I create?
You can create as many savings targets as you want.
- What is my return on the various savings packages?
DigiKolo offers 10% per annum, DigiTarget offers 10% per annum while DigiLock offers up to 13.5% interest per annum.
- How easily can I withdraw my savings?
The Digikolo withdrawal process is very seamless and you can always withdraw from your DigiKolo account once you complete your savings goal at the set maturity date. All you need to do is:
- Click on the withdrawal icon from the DigiKolo section
- Enter the amount you want to withdraw
- Enter your bank details and you will be credited immediately.
Depending on your savings plan, there may however be a penalty, if you end your savings abruptly but it is really easy to withdraw whenever you want or at the end of your savings duration.
- What is the minimum/maximum amount I can withdraw?
The minimum amount you can withdraw is 1000 and there is no maximum, you can withdraw as much as you have.
- What is the minimum amount I can save?
The minimum amount you can save is 500 naira.
- How can I see my accrued interest?
Your accrued interest will be updated with the amount saved and you can also see that in your transaction history.
- What if I don't want interest?
The Interest rate can be disabled in your profile settings.
- Who is behind DigiKolo?
DigiKolo is a registered savings platform owned by Digital Space Capital. Our services cut across key areas in finance and business management across Sub-Saharan Africa.
- How do referrals work?
DigiCoin is our referral program that rewards of appreciating our loyal customers, Refer a friend and gain 20 DigiCoins and a total of 100 DigiCoins earns you 1000 Naira!
- How do I view my referral points?
Log in to your DigiKolo account and select DigiCoins at the right-hand side of your screen.
- What is DigiTarget?
DigiTarget is a goal savings option which helps you to save towards targeted goals for a fixed period of time such as rent, fees, projects, etc.
- How many targets can I set at a time?
As many targets as you want.
- What is DigiLock?
DigiLock is our fixed savings option that allows you to lock your savings for a particular period of time while it remains inaccessible to you. This will make you unable to break into your
savings and withdraw until the end of the duration of the savings. You can transfer funds from your DigiKolo to your Digilock and enjoy 15.5% interest rate per annum.
- How does Digilock work?
You select the amount you want to save and the duration you want. The money then remains inaccessible to you, accumulating interest till the set date.
- Can I transfer from my DigiKolo to my DigiTarget or Digilock?
Yes you can transfer from your DigiKolo to your DigiTarget or DigiLock and after maturity, you can move your funds back to DigiKolo where withdrawal will be made.
- Can I transfer from my DigiKolo account to another DigiKolo saver’s account?
Yes, Transfer between DigiKolo savers is possible
- Where is the DigiKolo Office physically situated?
DigiKolo office is on the Third Floor, Africa Re-insurance Building, Plot 1679 Karimu Kotun, VI, Lagos State