How To Borrow Money With Quickteller Loan Nigeria

Quickteller Loans

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Do you need some instant cash? These some urgent financial demands just arise which need quick fix. that is where the Quickteller loan becomes very important.

Quickteller is a leading fintech platform in Nigeria that offers convenient access to financing through its loan products. With Quickteller, qualified customers can get quick approval for salary advances, small business loans, and more to help meet both short and long term financial needs.

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Unlike traditional banks and lenders that can have lengthy application processes, Quickteller leverages technology to rapidly assess loan applications and provide borrowing options tailored to its customers across Nigeria.

In this post, we will cover all the key details about Quickteller loans including:

Types of Quickteller Loans

Quickteller provides three main loan products:

1. Salary Advance Loans

The Quickteller Salary Advance offers qualifying employees the ability to access a portion of their salary before payday.

This can help cover pressing bills or expenses that pop up mid-month. These loans are repaid automatically when the next paycheck is deposited.

2. SME Loans

Small and medium enterprises can access working capital financing between ₦50,000 to ₦10 million from Quickteller to cover inventory, equipment, and operational costs. Terns range from 3-12 months.

3. Consumer Loans

These general personal loans from ₦50,000 to ₦5 million can help individuals pay for home improvements, medical bills, school fees, or consolidate other high-interest debt.

Quickteller offers competitive interest rates starting from 1.25% per month across its lending products.

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Benefits of Getting Quickteller Loans

There are many reasons why Quickteller loans are popular, including:

Fast Processing – Receive loan decision in just hours and get funded as soon as the next business day.

Fixed Rates – Interest and terms don’t fluctuate over the lifetime of the loan.

No Collateral – Loans are unsecured so you don’t put personal assets at risk.

Support Local Business – Quickteller partners with Nigerian banks to keep money in local communities.

Can You Borrow Money from Quickteller?

Here are some key details about borrowing money and loans from Quickteller:

Yes, you can borrow money by taking out a Quickteller loan. Quickteller offers three main loan products for salary earners, SMEs, and consumers in Nigeria. The loans range from ₦50,000 to ₦10 million with competitive interest rates and flexible repayment terms tailored to each borrower.

To apply for a Quickteller loan, you would complete an online application by providing some personal details, income documentation, ID verification, and other requested information. Qualified applicants can receive loan approval sometimes in just hours.

Repayment happens automatically for salary advance loans when your next paycheck comes in. For SME and consumer loans, you would make repayments on a daily, weekly, or monthly basis aligned with your cash flow. Late repayments incur a penalty fee.

So in summary – Yes, you can borrow personal, salary advance, SME and consumer loans from fintech companies like Quickteller and Interswitch. The online and mobile application process is straightforward. Loan amounts, rates, approval times, repayment terms, and codes vary across the specific loan products offered by each.

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How To Borrow Money With Quickteller Loan Nigeria

Here are the key steps to borrow money using Quickteller Loan in Nigeria:

Download the Quickteller

App Download and install the latest Quickteller app on your android or iOS device through Google Play Store or Apple App Store.

Register and Create an Account

Open the Quickteller app, register and create an account by filling in some basic personal and contact information.

Complete Profile

Ensure your profile is completed. So provide the required details like BVN number, employment information, monthly income etc. This allows them to determine your loan eligibility.

Request a Loan

Inside the Quickteller app, you can select the loan option and apply for a cash loan up to 500,000 Naira depending on your profile status. Choose your preferred loan amount and tenor.

Get Approved

Quickteller will assess your application using their automated scoring models and you will receive an instant loan decision.

Accept Offer

If approved, check and accept the detailed loan terms, interest rate and repayment schedule provided in your loan offer.

Receive Funds Finally, the approved loan amount will be instantly credited into your nominated bank account.

The key steps to getting a personal loan via the Quickteller app. Ensure you repay on time to maintain a good credit profile.

Quickteller Loan App:

Quickteller has a mobile app simply called “Quickteller” that allows users to access Quickteller’s financial services and products, including applying for loans.

The Quickteller app is available for both Android and iOS devices. It is available for download on Google Play Store or Apple App Store.

Through the app, eligible users can conveniently apply for Quickteller’s salary advance loans, SME loans, and consumer loans completely online.

Key features of getting a Quickteller loan via the app include:

You can start loan application directly in the app
Upload required documents like ID, pay slips, bank statements
Receive loan decision faster
Securely access loan details and statements
Make loan repayments
Access 24/7 customer support

So the Quickteller loan app provides a simple, fast way for customers to apply for financing with minimal paperwork. Applicants can track the status of their loan application within the app and manage ongoing loans once approved.

With helpful features, alerts, reminders, and instant access loan accounts, the Quickteller app serves as a useful tool for borrowing and monitoring loans on-the-go. It streamlines the loan initiation and administration process via mobile.