Quick naira loan: interest rate, how to apply and is it legit - Startuppreneur

Quick naira loan: interest rate, how to apply and is it legit

Quick naira loan will give you quick loan in Nigeria without collateral or paper work and you don’t need to visit any location before you will secure the loan, with just your smart phone you will secure the loan. With quicknaira loan, you can obtain up to #100,000 loan at a go

Requirement to obtain loan from quick naira loan

To obtain loan from this loan app there are some requirement you need to meet up with, which are


Reside in Nigeria

Have source of income


Have good credit score

Have bank account and BVN

Be above 18 years of age

Have smart phone with which to download the app


How to apply for Quick naira loan

The first step is to head over to play store and download the loan app

Launch it and register with your name, BVN and other details

You will be ask to bind your ATM card which might cost #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 quick naira loan app

With quick naira loan app you can obtain up to #100,000 at a go without collateral or BVN. For the the first timer, you will not be able to obtain up to this but as you continue to take loan and pay back on time the amount of loan you can obtain will increase.

Quick naira loan interest rate and repayment period

Quick naira interest rate is between 5% to 10% depending on the amount of loan obtain and the repayment period.

The repayment period is between 7 days to 3 months. As a first timer you will get high interest rate and short repayment period, this will improve as you continue to use the loan app.

Paying back your Quick naira loan

To pay back your quick naira loan head over to your dashboard

Locate and click on loan repayment

There you will see different options to pay back your loan

Click on one and make payment

Once you make payment it will reflect on your dashboard

If it does not, you should contact them.

What will happen if i default or refuse to pay back

If you default you will be punish with increase in your loan interest rate and if you decide not to pay at all they might send defamatory message to your contact or send your name to credit bureau for black listing, which means you will not be able to take loan again in Nigeria until you settle your debt and clear your name with credit bureau.

Is Quicknaira loan legit

Yes, quick naira loan is legit, they do give out loan to people, but they are not license by CBN nor insure by NDIC so exercise caution when taking loan form them.

Our verdirct on quick naira loan app

Quick naira loan will surely give you loan in Nigeria , at the time of wring this article they have good review on play store which means they are doing something right. Since they are not license by CBN you should be careful when dealing with them.


Above is how to obtain loan from Quicknaira loan app. As you can see Quicknaira loan app do give out loan but do not take more than you can pay back, try to avoid embarrassments and had I know.

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