Quickcheck loan app is an online financial institute that renders financial assistance to people through immediate loans. Our fintech experts have placed the loan app as one of the best loan apps in Nigeria.
Quickcheck is owned and managed by Arve Nigeria Limited, a registered and licensed financial institution in Nigeria by the Central Bank of Nigeria.
Loan transactions are performed online, with no collateral, no paperwork, just your account details. Having tested the app, we discovered that Quickcheck offers a referral program that gives you #500 for every friend you invite into QuickCheck.
In this review, we will provide you with all you need to know about the loan application process of the Quickcheck app, interest rates, requirements, pros, and cons of the loan app.
How to Apply For a Loan on Quickcheck
Applying for a loan on Quickcheck is straightforward.
The first thing you need to do is download and install the App on your phone. You can click on the link below to download the app:
After downloading the app, create a profile by filling in the information provided in the form on the app.
The next step is to apply for an instant loan following the simple steps below:
- State the reason for the loan
- Choose the loan repayment duration. You can choose from 15- 30 days
- Choose the exact date of repayment, and then your money will be given to you.
Quickcheck will check your credit score and determine if you qualify for a loan. If you qualify for a loan then you will receive your cash in your account within 12 hours.
Loan Requirement for a Quickcheck Loan
The following are the requirements for a loan on the Quickcheck platform:
1. You must be a Nigerian citizen
2. You must have a source of income
3. You much have a valid bank account
4. You must have a valid BVN
5. You must be between the ages 22 and 55
Do I Qualify for a Quickcheck Loan?
You qualify for a loan through Quickcheck if you meet the requirements stated above. The only thing you will need is to also have a good credit score to qualify for a loan on the app.
A credit score is a numerical value that indicates the likelihood of a borrower paying back a loan or other credit. It is a 3-digit numerical range from 300 to 850, measured by the VantageScoring model, that tells lenders and other credit providers about an individual’s creditworthiness.
How Much Loan Can You Get From Quickcheck?
Quick check gives preferential treatment to customers. If you are a first-time borrower, you are only qualified to borrow a maximum of #10,000 for 30 days. Then if you are found worthy, you can get larger loans at lower interest rates.
Quickcheck offers loans ranging from #3,000 to $200,000. The lowest loan amount is #3000, While the highest is $200,000.
Quickcheck Interest Rate
Quickcheck loan app’s interest rate differs from every other loan app. It has a fixed interest rate of 1% daily throughout the loan duration.
Therefore, if it takes 30 days to read the loan, your accumulated interest will be 30%. This, therefore, means that the longer the repayment period, the higher the interest.
How to Repay a Loan on a Quickcheck
You can repay a loan quickly using three basic methods :
1️. Through Debit Card: Go to the app. Click on loan repayment and input your card details; the money will be deducted.
2. Using USSD Code: You can use your bank USSD code for the repayment.
3. Cash/Bank deposit: You can transfer or deposit in cash to the QuickCheck account.
Here is the account details of Quickcheck:
Account Name: Arve Ltd
Account name: Guaranty Trust Bank GTBB.)
Account Number: 0266302303
Is Quickcheck Legit?
Quickcheck loan app is a tested and trusted online financial institution. It is not a scam, as many Nigerians have given positive reviews online. The CBN legalizes it and we have tested the app platform.
Pros
- Your loan is given to you almost immediately. It occurs in less than 5 minutes.
- No physical visiting the office.
- It gives a bonus for referrals.
Cons
- It has a restricted amount for first-time users.
- It is limited only to Nigerian citizens.
Conclusion
Overall, Quickcheck is an innovative mobile loan app that offers users convenience and flexibility. The application process is quick and easy, and users have the ability to access their funds within minutes.
