While many quick loan schemes are now available in Nigeria, but getting such loans often require putting up assets as a collateral, and proper documentations, including bank verification.
KwikCash, a partnership between banks and technology companies to make banking services convenient and accessible to all Nigerians, has made it absolutely easy for anyone to apply for loan without the need for paper works or collateral, with only the mobile phone number.
KwikCash automated instant loan service gives loan of up to N500,000, with the tenor between 14-30 days and interest rate as low as 5% to 15%; while the system is programmed to trust you more as you take loans and repay at the stipulated time, offering higher amounts with each successful remittance.
How to Apply for KwikCash loan?
To apply for a KwikCash loan, dial *561# on 9mobile (*554*561# for other networks) and navigate to "Request Loan" or visit https://get.kwikcash.ng and enter your phone number to be assessed for eligibility for the loan.
The good news is that almost everyone is eligible, and the loan amount could be up to N500,000. Though, KwikCash usually start with a small loan and grow the amounts over time as you repay the loans, it builds trust with the system.
And to pay back KwikCash loan, you'll have to dial *561# on 9mobile (*554*561# on other networks) and navigate to "Pay Loan" or visit https://kwikcash.ng/pay with the options of paying online via Quickteller, or walk into the following banks: Fidelity Bank, Access Bank, UBA, GTBank, Keystone Bank and Sterling Bank, inform them you want to make a KwikCash payment on PAYDIRECT.
How long does it take to get the loan?
While KwikCash doesn't guarantee a time frame within which you will receive your loan, but most borrowers receive the money in their bank account within few minutes of completing the application.
The quick and easy online assessment, means that evaluation of creditworthiness and ability to pay back within a stipulated time frame may apply as to the amount of loan that can be given to a particular applicant at a time.
KwikCash web portal is fully secured with valid security license, which ensures the information you enter onto the KwikCash website is encrypted by a secure sockets layer (SSL) of up to 256 bits. And KwikCash abide by a privacy policy that prevents them from disclosing users personal information.
You are welcome to drop in the comments your experience with KwikCash services.
ReplyDeleteI gave it a try and quite successful, this is perhaps the best quick loan service in Nigeria so far!
ReplyDeleteDoes Kwikcash work with other networks, heard its an Etisalat (now 9Mobile service), let me know?
ReplyDeleteKwikCash service is open to all the mobile networks in Nigeria, simply use the web portal or use the USSD code *554*561# on phone with other networks.
ReplyDeleteThey take a whoppingq 15%! Thats way too much, if you ask me.
ReplyDeleteYea! But the convenience and efficiency, no paper work or collateral, worths it. :)
DeleteThe ussd is not working why
ReplyDeleteI think its a Network issue, mostly not working for mtn, but you can use the web portal get.kwikcash.ng
ReplyDeleteThere is another kind of loan you can get for business purpose, you can give a business plan to a bank and make the bank a sort of business partner detroit personal loan
ReplyDelete