As the standard of living rises in Nigeria, loans have become a necessity for many individuals. However, not everyone meets the stringent requirements of traditional bank loans. In such cases, turning to loan platforms becomes a viable option. Among the many platforms, QuickCheck Loan stands out for its outstanding reputation, offering quality services and high loan amounts.
An Overview of QuickCheck Loan App
QuickCheck Loan app is a trusted and well-known loan platform in Nigeria. Renowned for its prompt loan disbursement and excellent customer service, the platform is managed by Arve Nigeria Limited. This financial institution is registered and licensed by the Central Bank of Nigeria, adding to its credibility.
Since its inception, QuickCheck Loan has maintained a solid reputation by providing collateral-free personal loans to Nigerians facing cash shortages. The platform’s loan application and approval process are quick and reliable, ensuring timely financial assistance for users.
QuickCheck Loan offers users a flexible repayment option, allowing them to reimburse their loans in convenient instalments. This feature ensures that borrowers can manage their loan repayments more effectively.
Moreover, the platform’s referral program presents an excellent opportunity for users to earn extra cash. By inviting friends and acquaintances to join the platform, users receive NGN500 for each successful referral.
How does the QuickCheck loan app work?
Basically, this platform makes use of Artificial Intelligence to assess creditworthiness and determine the amount of loan its users are eligible to borrow. After analyzing the creditworthiness of users, they provide them with a loan amount limit.
How can I borrow a loan from QuickCheck Loan App?
If you want to borrow an instant loan from QuickCheck, follow these instructions:
1. Visit the Google Play Store app on your Android smartphone. This app is not available on iOS devices.
2. Next, search for “Quickcheck” and download the app.
3. Install the loan app and register your details to create a personal account. You should complete this step in less than 5 minutes.
4. Lastly, log in to your account and apply for a loan depending on your loan amount limit. The app will automatically determine your loan limit after your registration process is complete.
How Much Can I Borrow from QuickCheck
The QuickCheck platform allows you to borrow up to NGN200,000 within a few minutes. However, if you are just borrowing for the first time, they will only allow you to access NGN10,000 for a duration of 30 days. When you borrow this amount, make sure you reimburse your loan on time as this increases your loan limit. Also, if you borrow and pay back on time, it makes you eligible for lower interest rates.
What documents do I need to register on the QuickCheck app?
To open an account for yourself, you have to provide these details
- Full name
- BVN
- Account number of a functioning bank account
- Phone number (the one linked to your BVN)
- Employment details
- Family details
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What is the Interest Rate for QuickCheck Loans?
The Quickcheck app has an already fixed interest rate of just 1% daily all through the loan duration. Hence, if you borrow a loan that has a tenor of 60 days, your total interest rate will be 60%. The longer your loan repayment duration, the higher your interest.
What is the Loan duration for QuickCheck Loans?
QuickCheck loans grant borrowers a loan tenor between 15-30 days for any loan amount they borrow. Usually, higher loan amounts will attract a higher tenor for the borrower.
How can I pay back my QuickCheck loan?
Essentially, there are four major ways to reimburse this loan. They include:
A. Debit card
Follow these steps to make your loan payment via your debit card (ATM Card)
- Open the mobile app and tap ‘Pay Now’ from your dashboard or the loan menu.
- Next, choose the debit card you would like to pay with.
- Tap ‘Continue’ and click on the ‘Pay Securely Now’ option to complete your payment.
- Wait to receive a congratulatory message. This confirms your payment. The platform will send this message to your email address or phone number.
B. Bank Transfer
Follow these steps to make your loan payment via Bank transfer:
- First, open the app and tap on the ‘Pay Now’ option from your dashboard or the loan menu
- Next, Choose the ‘Bank Transfer’ option as your preferred payment method
- Make your payment via bank transfer to the unique account number that will be displayed on your screen.
A congratulatory message will be sent to you via email or phone number to confirm your payment.
C. USSD
Follow these steps to make your loan payment via USSD:
- Click on the ‘Pay Now’ option you find your dashboard or the loan menu
- Next, select the ‘USSD ‘as your preferred payment method
- Thereafter, scroll down to find your bank on the list of banks
- Tap on your bank from the banks listed out and dial your unique USSD
- Follow the normal USSD process of your bank to finish off the payment. Wait to receive a confirmation message
D. Cash deposit
To deposit cash, use the account details below;
Account Name: Arve Ltd
Bank: Guaranty Trust Bank (GTB)
Account Number: 0266302303
Note
If you pay back through the Bank Transfer or USSD option, you have to verify your payment so that the platform can match the payment to your loan.
To verify your loan payment do this:
- Click on the ‘Loan Payment’ option
- Next, scroll down and tap on “bank transfer”.
- Select your means of payment and the amount
- Make sure you backdate the payment by about one hour.
Without this step, the platform may not recognise your payment and still charge you late payment fees.
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Who is eligible to apply?
Every Nigerian adult who has a good credit score can apply for this loan. As long as you own an Android smartphone and have data, you can borrow this loan.
What are the Pros of QuickCheck loan app?
Here are the advantages of using this loan platform:
a. Prompt Disbursement
They disburse loans almost immediately after the loan approval process is complete. Expect to receive your loan in less than 5 minutes.
b. Collateral and Paperwork Free loans
To obtain loans from QuickCheck, you only need your Smartphone and an active internet connection. You don’t need any collateral, paperwork, or to go to any physical office. This can be done from the comfort of your home.
c. Aids Salary Earners
For salary earners whose salaries are barely enough for their needs, this app offers a great feature that assists them with a special financial package.
What are the Pros of QuickCheck loan app?
The disadvantages of QuickCheck loan include:
a. It Must Have Complete Access to Your Phone
Before the platform can approve your loan, you must grant them complete access to your smartphone. Basically, this enables their artificial intelligence to analyze all your financial transactions and evaluate your creditworthiness.
b. Low Loan Offer for New Users
As a first-time borrower, the platform limits you to a specific amount of money. Basically, the maximum amount of money you can borrow for the first time is NGN10,000.
c. Limited to only people living in Nigeria
QuickCheck’s services are just for Nigerian citizens who reside in Nigeria. If you live abroad, you cannot access their services.
Lastly, the app is only available for Android phone users. The app is not available on the App Store so iOS users cannot access it.
How can I contact QuickCheck?
To reach QuickCheck, you can go via any of the ways listed below:
Telephone: 07080665544 (Available on Mon-Fri, from 8 am – 5 pm) (Sat, from 9 am – 5 pm)
Email: support@quickcheck.ng
Social Media Handles: @QuickCheckng on Facebook, Twitter, etc
Website: www.quickcheck.ng
Bottom Line
The QuickCheck loan app aims to satisfy all your financial needs to the fullest. It is very easy to obtain loans on this app as the approval and disbursement process doesn’t take up to 10 minutes. Just download QuickCheck from Play Store and start applying!
