9mobile has said its customers can now access instant loan without collateral through kwikcash. According to 9mobile, customers can get up to N100,000 (0ne hundred thousands naira) loan deposited into their bank account within minutes. No paper work is necessary as the system is automated.

What is kwikcash And How Does It Work

Kwikcash is an automated loan service that provide fast loan without collateral to Nigerians.

When you first apply for a loan, kwikcash will analyze your data through its partner. In this case 9mobile, to determine if you qualify for a loan and how much loan to offer you.

The more you are able to pay back the loan, the more the system trust you, and the greater the amount of loan you will be able to get in the future. The amount usually start small and increases over time.

What are the Eligibility Requirements To Get The 9mobile Kwikcash Loan

There are a few things the kwikcash system looks for before giving loan to individuals.
  • You must be at least 18 years old to apply for a kwikcash loan
  • The details on your sim must correspond to the details on your bank
  • You must have been using your 9mobile sim for the last 90 days
  • You must have been using at least N500 per month on your 9mobile sim for the last 90 days

What If I Am Unable To Payback The 9mobile Kwikcash Loan Within The Agreed Date

If you fail to pay the loan within the agreed date.
The deadline for the loan will be shifted and additional fee and interest will be added. Also, since the system works in a reward and punishment basis. You might find it difficult to obtain another loan in the future or the amount you are able to borrow will be decreased.

How To Apply For 9mobile kwikcash Loan

To apply for 9mobile kwikcash loan dial *561#
And press 1 to request for a loan. You will also need to provide the bank account number you want the loan to be paid into. You will be charged an interest rate of 15% for 14days. 9mobile also charges N40 for this service.

How To Payback The 9mobile Kwikcash Loan

To payback your loan, just dial *561#. press 1 for loan and select pay loan.

If you have any question concerning the 9mobile kwikcash loan please ask them in the comments below.

1 Comments

  1. Goodday 9mobile,,
    even though im not a 9mobile user. but im one of the benefici al of your kwikmoney loan,
    have paid back my outstanding loan of total including interest of #6440, yesterday, which suppose to due on 28th of august, to request. for a new one has been an issue since yrsterdsay, kindly do something about it please

    ReplyDelete

Post a Comment

Previous Post Next Post