An unanticipated financial expense can send an individual or a family off course, and sometimes borrowing from family and friends may not be sufficient. What should you do? Here, KwikPay enters into play.

ALSO READ: Aella Credit – What you should know

How much can I get from Kwikpay?

KwikPay is an online platform where Nigerians can obtain a fast loan. It uses your monthly income to determine your creditworthiness and approval, disbursements are made within minutess, and loan amounts range from N10,000 to N2,000,000 naira. This loan may be utilized to cover expenses such as tuition, medical expenditures, travel, etc.

Am I eligible for a Kwikpay loan?

The following factors are assessed for approval:

1.Your monthly salary and

2.The tenure of service (how long you've been employed) and your position within the organization.

The loan is typically equal to 50 percent of your monthly income, and the repayment period can range from three to six months.

What are the benefits of KwikPay

1.You can make decision over the amount you wish to lend. Therefore, if you are approved for more than you need, you can reduce the amount so that you are not required to repay an amount you do not need.

2.It is possible to obtain approval in minutes, which is extremely useful in emergency situations.

3.You can establish your repayment period, and the funds will be deposited into your account within minutes.

4.The loan amount is determined based on your income so that you can borrow within your financial  limit.

5.No application fee, administrative fees, or collateral is required.

6.There are no concealed costs. Interest rates are disclosed in advance.

7.The repayment procedure is straightforward. The payment is deducted directly from your bank account on the due date or through the use of pre-written and pre-signed checks supplied with the application. The checks will be cashed only on the date printed on each check. Additionally, you receive an email reminder at least three days before the repayment is due.

ALSO READ:  GTB Car Loan: Everything You Need To Know

How to apply for KwikPay Loan

1.Must be employed and possess a Nigerian bank account.

2.Internet application form

3.Employee Status Inquiry Form or Employer Verification Form

4.Employment contract and/or recent letter of promotion (if applicable) serve as evidence of employment.

5.Employer identification card and a valid form of identification (passport, driver's license, etc.).

6.If you have taken out loans previously from any Nigerian financial institution, the repayment of these loans will be considered.

7.Dependent on the loan amount, a guarantor may be necessary.

ALSO READ: How To Identify Loan Scams and Fraudsters

Conclusion

KwikPay is a convenient and accessible option for unanticipated financial obligations. The process is available online 24 hours a day, seven days a week, and approval and disbursement are completed within minutes.

You can visit their website at www.kwikpaycredit.com or send them an email at [email protected] for more information about the procedure and any other concerns you may have. Remember that we have agents at loanspot who are willing to assist you with the application process. Click here to get in touch with us!