9mobile kwikcash - How To Get Instant Loan In Nigeria
In the past, you'd need to physically visit the bank to get a loan. But not anymore. There are now lots of loan services in Nigeria. One is these is the 9mobile Kwikcash Loan.
What is kwikcash And How Does It WorkKwikcash is an automated loan service that provides fast loans without collateral to Nigerians.
When you first apply for a loan, kwikcash will analyze your data through its partner. In this, 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 starts small and increases over time.
What are the Eligibility Requirements To Get The 9mobile Kwikcash LoanThere are a few things the kwikcash system looks for before giving a 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 LoanIf you fail to pay the loan within the agreed date.
The deadline for the loan will be shifted and additional fees and interest will be added. Also, since the system works on 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 LoanTo 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 LoanTo pay back 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.