Kmimk is another loan app in Nigeria that offer instant loan. Their loan processing is easy you don’t need to go to any location before you will obtain their loan, with just your phone you are good to go. Also you don’t need guarantor or collateral.
Requirement to obtain loan from kmimk loan
Like other loan app out there before you can obtain loan from kmimk there are requirements you need to meet up with, which are
Have bank account and BVN
Have good credit score
Have source of income
Have smart phone with which to download the app
Be a Nigeria and reside in Nigeria
How to obtain kmimk koan in Nigeria
The first step to obtain kmimk koan is to download the kmimk koan app
Launch it and register with your name, BVN and other details
You will be ask to bind your ATM card which might attract #30 do so and proceed
After the registration you will be login to your dashboard
On your dashboard locate and click on loan
There you will see amount of loan you are eligible to obtain
Click it and wait for disbursement
How much you can obtain from kmimk loan app
With kmimk koan app you can obtain up to #100,000 at a go with out collateral or guarantor.
As a first timer you might not be able to obtain up to this, but as you continue to take loan and payback the amount of loan you can obtain will increase.
Kmimk loan interest rate and repayment period
Kmimk loan interest rate is between 5% to 10% depending on the amount of loan obtain and the repayment period. Repayment period is between 7 days to 3 months also depend on the amount of loan obtain.
How to pay back kmimk loan
You can pay back your loan with ATM card or contact them and ask for their account number. When paying back through account number ensure you have the correct one, to avoid story that touch.
Once you make payment it will reflect on your dashboard. If it does not you should contact them.
What will happen if I default
If you default you will be punish by increase in your interest rate, and if you deicide not to pay back at all they might send your name to credit bureau for black listing, which means you will not be able to take loan form any where in Nigeria until you settle your debt.
Believe me it is harder to resolve this, your best bet is to pay back your loan before it get to this
Is kmimk koan legit
Kmimk koan is legit, they really give out koan to people, but they are not approve by CBN nor insured by CBN.
Our verdict on kmimk koan
Kmimk koan stand for Kodak money in minute Kodak. They are really giving out loan to people.
At the time of writing this article they are not on playstore and since they are not license by CBN I will advice you to take caution when taking loan from this loan app.
As you can see kmimk loan app really give out instant loan in Nigeria, I will advice you to take loan that you know you can pay back to avoid had I know.
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