What if you can get instant cash from Quickcheck Loan for that business or any kind of emergency?
Unplanned financial expenses can really mess up our day when they show up, and this can get worse when the funds to take care of them are not readily available.
Getting financial help from friends and families can be challenging because they end up not providing the assistance.
Banks do not also make it easy because of the long process, which involves a lot of paperwork, providing guarantors, and the approval process, which is time-consuming.
Getting access to instant financial assistance can be a lifesaver, and that is why QuickCheck stands out as one of the best online platforms for providing timely loans to meet the unplanned expenses of individuals.
Here in this article, you may find detailed information on everything you need to know about this exceptional loan platform, ‘Quickcheck Loan’. Be sure to keep reading!
About QuickCheck Loan
QuickCheck Loan is a fintech company founded in 2017 with its head office in Ikeja, Lagos. It is designed to provide instant loans to customers who are unable to get loans from banks due to the requirements and the long approval process.
The aim of this online platform is to provide business loans for individuals as well as personal loans to take care of unplanned expenses like medical bills, utility bills, and other kinds of emergencies.
Quickcheck provides a fast and easily accessible loan to take care of urgent needs without difficulty.
However, the QuickCheck loan is only available to Nigerians with smartphones and internet connections.
How Does QuickCheck Loan Work?
Just like every other online platform, QuickCheck Loan provides loans to individuals through its platform.
So you are either applying for the loan through their website, where you will be redirected to the Google Play Store to download their mobile app.
You can also go directly to the Play Store to download the mobile app and begin the loan application.
Before applying, you have to first be eligible for the loan, and other criteria will be requested, which will determine if the loan will be approved or rejected by QuickCheck.
So, this means that you need to meet certain requirements that are stipulated by the online platform.
Also, you need to have an account, which will give you access to the loan options available together with the repayment plan and the interest rate.
In addition, QuickCheck uses advanced technology to provide loans. So, if you or your business lack integrity, you will never get a loan from the platform.
About the QuickCheck Loan App
The QuickCheck Loan app is used to provide quick loans to individuals. So, this means that you cannot get the loan without downloading the app.
Also, the loan will be repaid through the mobile app without stress.
The QuickCheck mobile app is found only on the Google Play Store as of now, and it is highly rated with over a million downloads.
Furthermore, it has good start ratings and over 200, 000 positive reviews.
Getting a loan through the mobile app is easy and stress-free, unlike with banks. You can borrow a loan amount as low as N1,500, and the maximum loan amount is N1,000,000.
New customers will get a maximum loan fee of N15,000 for a period of 15 to 60 days.
The loan limit increases when the repayment is done on time. So, early repayment will guarantee you a higher amount with low interest rates.
Requirements for a QuickCheck loan
Getting a quick check loan requires meeting some criteria, which will be carefully and quickly reviewed with advanced technologies.
Some of the criteria include:
- You have to be a citizen of Nigeria and also live in Nigeria to be eligible for the loan.
- The eligible age should not be less than 18 years old.
- Have a steady income flow that will enable you to repay the loan.
- A bank verification number (BVN) is a compulsory criteria to ascertain your creditworthiness.
- An active bank account to receive the loan request is approved.
- An ATM card, which will be used for the loan repayment
- A good credit score will aid in the loan approval process.
Please note that if you have defaulted on loan payments before on a platform, the credit bureau will block you from getting loans from any platform, so QuickCheck will immediately reject your loan request.
If you provide the wrong information, Quickcheck will reject the loan request and automatically suspend your account.
How to Apply for a QuickCheck Loan
Applying for QuickCheck is a very easy process, and we will provide a step-by-step guide on how to do it. Carefully follow the process below:
- Go to the Play Store on your smartphone, search for QuickCheck Loan, and install the mobile app.
- Create an account, providing them with the necessary, accurate information.
- On the menu bar, choose the loan amount and follow the instructions in the pop-up menu by providing the required documents.
- Submit the application after you have correctly completed the process.
- Next is to Wait for QuickCheck Loan to review the application you submitted. If you meet all the criteria, QuickCheck Loan will approve the loan.
- Once Quickcheck approves the loan, they will credit your bank account with the loan fee.
What is the QuickCheck interest rate?
Quickcheck loans have an affordable interest rate, which is as low as 5% monthly on the first loan.
So, as a new customer, you get to pay as little as 5% interest on any loan amount.
The interest on the loan amount begins at 2% to 30%, with an equivalent interest rate of 1-21%. (APRs ranging from 30% to 260%)
The loan amount of N500,000 has a repayment term of 91 days with a maximum of 365 days.
The loan repayment period is flexible, and individuals can choose the best option that fits their financial capability.
Quickcheck Loan Repayment
Immediately after disbursing the loan to your account, they will send you the repayment schedule you have chosen. To repay the loan with your debit card
- Open the QuickCheck mobile app on your smartphone.
- On the dashboard, select ‘Pay Now’.
- Click on the ATM card you want to pay with.
- Click on ‘Continue’ and tap ‘Pay Securely Now’, and wait for a confirmation message showing that your payment is successful.
You can repay the loan even before the due date, and this can earn you some benefits, such as
- Good credit score
- Lower interest rate on the next loan request
- Early payment on the collected loan will lead to a reduced interest payment.
- They will extend the next loan tenure.
Benefits of a QuickCheck Loan
There are a lot of benefits you can get from a QuickCheck loan. These benefits make the loan platform a go-to for many individuals. The benefits include:
- Quickcheck provides loans of up to N1, 000,000 to meet business and personal needs.
- Individuals can choose the loan repayment option that is suitable them.. This will enable them to pay on time without any hassle.
- They operate on transparency, so people get to see the various loan options and the repayment schedule to know which they can afford.
- They do not put hidden charges on the loan, and accessing it is easy.
- QuickCheck does not require a collateral or document to approve a loan.
- They have good customer care relationships and are available to attend to customer complaints.
- The Quickcheck mobile app has a friendly user interface that is easy to navigate.
- They use Modern technologies to ascertain if individuals qualify for a loan amount.
How to Contact Quickcheck
You can use the following ways to contact the loan platform for any complaints or queries while using their mobile app:
- You can reach them through the support section on the mobile app.
- Send any email to support@quickcheck.ng.
- You can reach them on any of their social media handles, like Twitter (X), LinkedIn, Facebook, and Instagram.
Frequently Asked Questions (FAQs)
Can Quickcheck cancel my loan request?
Yes, if you do not provide all the information requested. Also, if you provide information and the information you provide is incorrect, they will reject your loan request.
How can I check the expected date of my loan repayment?
Launch the Quickcheck loan app and click on the ongoing loan.
Can I make repayments with another account number?
Yes, you can, and make sure you send an email with a screenshot of the transaction.
When can I get another loan from QuickCheck?
You will be eligible for a new loan immediately after you complete the repayment of the outstanding loan debt.
Will I get any benefit if I pay before the due date?
Yes, QuickCheck will give you a discount on the interest, which means you will not pay interest on the days leading to the due date.
In conclusion
Quickcheck Loan is a reliable platform that provides loans for anyone looking for urgent funds for business and personal use. They release these loans to individuals without collateral or any paperwork.
Individuals can get access to more loans if they follow the requirements and repay the loan when it is due. This can open them up to accessing more funds to take care of business and personal needs.
If you have any questions regarding QuickCheck loans, please let us know in the comment section.
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