KwikCash is a mobile lending platform that provides fast and convenient loans to individuals in Nigeria. The platform is powered by Access Bank, one of Nigeria’s leading banks, and offers loans ranging from N1,500 to N500,000 with flexible repayment periods.
In this article, we’ll take a closer look at KwikCash and how it works.
How KwikCash Works:
To access a loan on KwikCash, you need to download the KwikCash app from the Google Play Store and register with your personal details. Once your account is verified, you can apply for a loan by selecting the loan amount and repayment period that suits you.
KwikCash uses a proprietary algorithm to determine your eligibility for a loan based on your credit score, financial history, and other factors. Once your loan application is approved, the funds will be disbursed to your bank account within minutes.
KwikCash offers flexible repayment options to its borrowers. You can choose to repay your loan in weekly or monthly instalments, depending on your financial situation. The platform also allows for early repayment, which can help you save on interest charges.
KwikCash interest rates vary based on the loan amount and repayment period. The interest rates range from 5% to 15% per month, depending on the loan product. However, KwikCash also offers a loyalty program that allows borrowers to reduce their interest rates over time.
Benefits of KwikCash:
- Fast and Convenient: KwikCash offers fast and convenient loans that are disbursed within minutes of approval. This makes it an ideal option for individuals who need cash quickly.
- Flexible Repayment Options: KwikCash offers flexible repayment options that allow borrowers to choose a repayment period that suits their financial situation.
- Competitive Interest Rates: KwikCash interest rates are competitive compared to other mobile lending platforms in Nigeria. The platform also offers a loyalty program that allows borrowers to reduce their interest rates over time.
- Access to Larger Loan Amounts: KwikCash allows borrowers to access larger loan amounts compared to other mobile lending platforms in Nigeria. This can be particularly beneficial for individuals who need larger sums of money for business or personal expenses.
KwikCash is a fast and convenient mobile lending platform that offers flexible repayment options and competitive interest rates. The platform is an ideal option for individuals who need quick access to cash for personal or business expenses. However, borrowers should carefully consider the loan terms and interest rates before applying for a loan on KwikCash to ensure that they can repay the loan comfortably.