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How to Apply for Quickcheck Loan

By Oluchukwu Ikemefuna

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QuickCheck offers short-term loans that are designed to provide individuals with instant access to funds for emergencies, unexpected bills, or other urgent financial needs.

These loans are typically small in amount and are repaid within a short period, usually ranging from a few days to a few weeks.

In this piece we’ll be reviewing all you need to know about Quickcheck Loan and how to get it.

What is a Quickcheck Loan?

Quickcheck Loan is a financial service provided by Quickcheck, a Nigerian-based fintech company. It offers short-term loans to individuals in need of quick and convenient access to funds for various purposes, such as covering unexpected expenses or managing cash flow gaps.

The loans are typically unsecured, meaning borrowers are not required to provide collateral, and the application process can be completed online through the Quickcheck mobile app. 

Quickcheck Loan aims to provide fast approval and disbursal of funds, making it a popular choice for individuals seeking emergency financial assistance.

QuickCheck also provides banking services for regular folks. It was made by people who really care about fixing everyday issues. They noticed that lots of Nigerians can’t use regular banks, so they made QuickCheck to help out.

Their goal is to support small business owners and help people when they have urgent expenses like medical bills or family emergencies.

With QuickCheck, you can get money right away to cover your needs easily.

But, you can only get a QuickCheck loan if you’re in Nigeria and have a smartphone.

Read also: Boost Loans: how to Easily Apply

How does Quickcheck Loan work?

QuickCheck functions much like other loan platforms in terms of its basic operation. However, it stands out due to specific characteristics that make it different. 

To secure a loan through QuickCheck, you must meet specific requirements outlined by the company. These criteria could include factors like credit score, income level, and employment status.

To access QuickCheck’s services, you’ll need to register and set up an account. This typically involves downloading their dedicated mobile app and following the registration process outlined within it.

What truly sets QuickCheck apart is its commitment to integrity and transparency. Unlike some other loan providers, QuickCheck places a strong emphasis on ensuring that borrowers are honest and trustworthy in their dealings.

This means that if a borrower’s business practices lack integrity or transparency, they may not be eligible for a loan from QuickCheck.

QuickCheck’s approach to lending prioritizes reliability, accountability, and ethical conduct, making it a preferred option for borrowers who value these principles.

Read also: Understanding Short Term Loans and How they Work

What are the Eligibility Criteria for a QuickCheck Loan?

To be eligible for a QuickCheck loan, you need to meet certain requirements

1. Nigerian Citizenship and Residency: 

You need to be a Nigerian citizen and currently live in Nigeria. This ensures that QuickCheck serves its target market and adheres to local regulations.

2. Age Requirement: 

You must be at least 18 years old when applying for the loan. This is to ensure that borrowers are legally responsible adults capable of entering into financial agreements.

3. Steady Income:

Having a reliable source of income is essential. It demonstrates to QuickCheck that you have the means to repay the loan without facing financial difficulties. This could be from employment, business, or other legitimate sources.

4. Bank Verification Number (BVN): 

BVN is a unique identification number linked to your bank account and is required for financial transactions in Nigeria. QuickCheck uses this to verify your identity and assess your creditworthiness.

5. Active Bank Account: 

You need to have an active bank account with any of Nigeria’s commercial banks. This is where QuickCheck will deposit the loan funds if your application is approved. It streamlines the disbursement process and ensures transparency.

6. Good Credit Score: 

Maintaining a good credit history is important. QuickCheck may check your credit score to assess your financial reliability and determine the terms of your loan. Being blacklisted by credit bureaus could impact your eligibility.

7. Smartphone and Internet Access: 

Since QuickCheck operates online, you’ll need a smartphone and internet access to complete the loan application process. This allows you to access the QuickCheck platform and submit necessary documents electronically.

Read also: Boodle Loans: how to Apply

How to apply for a Quickcheck Loan?

  • Check Eligibility:

Before applying for a QuickCheck loan, ensure that you meet the criteria set by QuickCheck.

  • Download the App:

Start by downloading the QuickCheck loan app from your app store.

  • Sign Up:

Once the app is installed, sign up and create your account by providing the necessary details.

  • Select Loan Amount:

Navigate to the menu and choose the amount of money you want to borrow.

  • Follow Instructions:

Follow the instructions provided by the app to complete your loan application. This may involve providing personal and financial information.

  • Submit Application:

After filling out the required information, submit your loan application through the app.

  • Application Review:

QuickCheck will review your application to determine if you meet their lending criteria.

  • Approval:

If your application meets the requirements, it will be approved, and you’ll receive a notification.

  • Money Transfer:

Once approved, the loan amount will be transferred directly to your bank account within a short period, typically within minutes.

  • Withdraw Funds:

You can then withdraw the money from your bank account using an ATM, or visit the nearest branch of your bank, or use a POS agent.

Remember to repay the loan according to the terms and conditions outlined by QuickCheck to avoid any penalties or late fees.

Read also: Top 10 Loan Apps for Urgent Loans in Kenya

What is Quickcheck Loan limit?

QuickCheck offers loans ranging from as little as N1,500 to as much as N500,000, or even up to N1,000,000 in some cases.

At QuickCheck, the amount you can borrow varies depending on several factors. Firstly, your credibility plays a significant role. This means how reliable and trustworthy you’ve been in the past with financial matters. If you have a history of responsibly managing your finances, you may be eligible to borrow a larger amount.

Additionally, your faithfulness in previous loan transactions matters. If you’ve borrowed from QuickCheck before and paid back your loans on time, this demonstrates your reliability as a borrower. QuickCheck values customers who honor their repayment commitments and may be more inclined to offer higher loan amounts to such individuals.

Moreover, your ability to repay the loan is crucial. QuickCheck assesses your income and financial stability to determine whether you can afford the loan repayments. They consider factors such as your monthly income, expenses, and other financial obligations to ensure that borrowing from them won’t put you under financial strain.

It’s important to note that QuickCheck aims to provide loans that are manageable for borrowers. While they offer flexibility in loan amounts, they also prioritize responsible lending practices. Borrowers are encouraged to borrow only what they need and can comfortably repay within the agreed-upon timeframe.

Read also: Update on LAPO Loans: How to Apply, Eligibility Requirements and Loan Packages

What is Quickcheck Interest rate?

QuickCheck loans come with a pretty low interest rate. It can be as low as 5% every month for your first loan. After that, the interest can range from 2% to 30%, which is like 1% to 21% monthly. For example, if you borrow ₦100,000 and pay it back over six months with a fixed interest rate of 13% per month, you’ll end up paying ₦50,000 in interest. That means you’ll have to pay back a total of ₦150,000, with three payments of ₦50,000 each. The Annual Percentage Rate (APR) for this loan is 13%.

Read also: *435# Loan: How to Apply for Letshego Loans

How long do i have to pay back the Loan?

The loan term is flexible, meaning you can pick how long you want to borrow money based on what works best for you.

But, the loan period ranges from 3 months to 12 months.

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How to payback your Quickcheck Loan?

When it’s time to repay your QuickCheck loan, you’ll need to open the QuickCheck loan app and log in with your account details. Once you’re in, you’ll find instructions on how to make your repayment. It’s important to stick to the repayment schedule to avoid any penalties or extra charges.

Benefits of paying your Loan on time

If you repay your loan on time, you might be eligible for longer loan tenures. This means you’ll have more time to pay back the money you borrowed, which can make it easier to manage your finances.

Paying on time can also lead to lower interest rates. This is because lenders often reward borrowers who make timely payments with better terms on their loans. So, by paying on time, you could end up saving money in the long run.

Another benefit of paying on time is that it can improve your credit score. Your credit score is a measure of your creditworthiness, and it’s used by lenders to determine whether or not to lend you money. 

By making timely payments on your QuickCheck loan, you demonstrate to other lenders that you’re a responsible borrower, which can help you qualify for better deals on future loans.

Lastly, paying on time can also lead to higher credit limits. As you build a positive repayment history with QuickCheck, you may become eligible for larger loan amounts in the future. This can give you access to more funds when you need them, allowing you to achieve your financial goals more easily.

Read also: Edu Loan: How to Apply and Get it

What is Quickcheck Loan customer care service?

If you need to get in touch with QuickCheck to ask questions or make a complaint, you can reach them in a few ways:


How much can I borrow from QuickCheck?

QuickCheck offers loan amounts ranging from ₦1,500 to ₦500,000 or up to a million, depending on your eligibility and creditworthiness.

What are the repayment terms for QuickCheck loans?

Repayment terms for QuickCheck loans typically range from 3 to 12months, allowing you to choose a term that fits your financial situation.

How long does it take to receive the loan funds?

Once your loan application is approved, the funds are usually disbursed into your bank account within a short period, typically within a few hours.

What are the interest rates for QuickCheck loans?

Interest rates for QuickCheck loans vary depending on factors such as the loan amount, repayment term, and your credit profile. It is important to review the terms and conditions provided before accepting the loan offer.

Can I repay my QuickCheck loan early?

Yes, you can repay your QuickCheck loan early without incurring any penalties or additional charges. Early repayment may also help you save on interest costs..

Can I apply for multiple loans simultaneously with QuickCheck?

QuickCheck allows customers to apply for multiple loans simultaneously, provided they meet the eligibility criteria and can demonstrate the ability to repay each loan.

How secure is my personal and financial information with QuickCheck?

QuickCheck takes the security and privacy of your information seriously and employs industry-standard security measures to safeguard your personal and financial data.


Quickcheck Loan provides a convenient and accessible borrowing solution for individuals facing financial emergencies. By following the simple application process outlined in this guide, you can quickly access the funds you need to address urgent expenses.

However, it is important to weigh the pros and cons carefully and borrow responsibly to avoid falling into a debt trap. If you have any further questions or concerns about Quickcheck Loan, don’t hesitate to reach out to their customer support team for assistance.

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Blessing Ukibe
Blessing Ukibe

Medical Student at Nnamdi Azikiwe University|Tech content expert at Silicon Africa Technology|Lover of fun books and fun fun ☺️

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