Quickteller; Here is Everything You Need To Know About the Loan and how to get a good loan from them with the repayment schedule and duration on quickteller.com.
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What to know…
The Nigerian biggest online transaction processor recently introduced a short-term loan designed to grant Nigerians quick cash to meet their immediate needs without the stress of paperwork or any collateral required.
Getting a loan doesn’t require any paperwork or collateral but can be done using your internet enable and non-internet enabled mobile phones, tablets, and laptops.
Their loan offer is not for those who need a big loan up to 500,000 and above but for those who need a small amount of money to meet their immediate needs and willing to pay back within 2 weeks (14 days)
I wish to know more, then read our full review of Quickteller Loan…
Quickteller (About Quickteller)
To a Nigerian, Quickteller should no longer sound like a foreign word as it is something we do come by every now and then in most of the things we do online every day which involves buying and selling.
Quickteller may be regarded as the simplest method making payments, buying airtime and sending money using your Debit card online. You will receive bonus airtime anytime you buy airtime using the platform and this doesn’t have to be with respect to any network provider you are making use of. You can make use of the platform to transfer service to send cash to bank accounts in Nigeria and beyond Nigeria.
Quickteller helps in sorting out a wide range of transactions while using just your Android phone or personal computer.
Quickteller for online transactions
After every successful transaction, you will be sent a notification and SMS.
With Quickteller, you don’t have to go to the bank every time there is a need to make a transaction. Use Quickteller to pay your bills and avoid those long queues banking halls and ATM stands. It is a very useful tool. Quickteller is the latest miracle of modern technology.
You can make different banking transactions from the comfort of your home. Everything can be done easily and quickly.
Quickteller, as the biggest online transaction processor in Nigeria, has introduced a short-term loan that is devised to provide Nigerians with a means of quick funds to meet their urgent needs without the stress of paperwork or any collateral required.
Quickteller Paypoint (Quikteller Loan Review and Background)
Getting a Quickteller loan is not rocket science but something almost everyone in Nigeria above 18 years of age can comfortably do without having any hassles.
Receiving a loan from Quickteller requires no form of collateral.
All that is needed is your internet-enabled smartphones, and non-internet enabled mobile phones, tablets, and laptops.
But this loan offer is only for those who need a small amount of money to solve an urgent need and are prepared to pay back in 2 weeks (14 days)and not for the long term loan seekers with vast investment in their minds to do.
So since the Quickteller loans are just for only two weeks and only for people who need some small amount of money and not for huge investments, how much can you actually get as a loan from Quickteller loan?
How Much Loan Can Be Obtained From The Quickteller Loans
As mentioned, earlier, Quickteller offers small loans ranging from N1000 – N10,000 for repay in just two weeks and provided you are eligible, it will be credited to your bank account.
Here are the steps to consider before requesting a loan from Quickteller loan
To qualify for a loan from a Quickteller loan without paperwork and collateral, you must give the platform the right to access your bank for your profile details and to view transaction history to know your financial capabilities and your ability to pay them back.
This will require scanning your account and being able to ascertain if businesses do flow with your account on a daily, weekly or monthly basis and know your ability to pay back in due time.
Quickteller Loan registeration in Nigeria.
- First, go to Quickteller site.
- Click on the “sign-up” button located on the top right-hand corner (If you are using a laptop).
- Then fill in your name, email, password, mobile number and reference (if any)
- Click on “continue” when you are done entering the above information.
- Quickteller will send a code to the number you provided.
- This is also the code that you will use in activating your account. Therefore, put the code in space provided on the website.
- Next, sign in to your Quickteller account with the email address and password that you just added earlier on.
- Then, look for the “My Cash” button and click on it.
- Verify your phone number and add your bank details. Make sure the details are correct because this is where they will send your requested amount to.
- Another verification code may be sent to your phone. Don’t be alarmed, just put the code in the space provided.
How to Request A Loan on Quickteller
How can I get a loan from Quickteller?
There are basically two ways to access loans and request loans from the loan which will be fully discussed below;
Also, its quite easy to request for a loan even without an internet-enabled smartphone or computer.
The USSD code feature doesn’t require internet connectivity or airtime on your phone to request for a loan.
- Quickteller loan code
Using The USSD Short-code just dial *322*6# and follow the prompt. 2 options will be presented to you: ” request loan & borrow airtime”.
After dialing the short-code, follow the instructions you see on the prompt and request for quick cash between N1000 – N10,000
- Quickteller Online Loan Request
The online loan request is more convenient since the short-code is not stable. With active data connection on a PC or smartphone, go Here at the left-hand side you will see the request loan option.
Click on it and you will be required to log in or register for a new account if you are not a registered user.
What’s the highest loan amount on Quickteller
How much can I get from Quickteller?
You only access loan from N1000 – N10,000 on Quickteller and with this we can say that this loan provider is an emergency loan.
Quickteller loan interest rate
Any amount you borrow from them must be returned on or before 2weeks (14 days) with a 15% interest rate.
Have a look below;
- N1,000 to pay N1,150
- N2,500 ” ” N2,875
- N5,000 ” ” N5,750
- N10,000 ” ” N11,500
A 15% interest is charged for any amount borrowed, so take note of that before requesting a loan and endeavor to pay back in 14 days.
Quickteller official loan app
There is no big deal in downloading the Quickteller mobile app, all you have to do is to visit google play store and search for the app then download or install then finally fill in the required field.
You can also download the loan app by clicking>>> google play store
Advantages of Quickteller loan in Nigeria.
- It’s truly quick, all you need to apply is your mobile device, a tablet or a laptop. Of course, you also need the internet to connect. In fact, if you are reading this article and need a short-term loan, you can apply right now.
- You do not need collateral or a guarantor in other to apply for quickteller loan in Nigeria.
- You can apply either by dialing on your mobile phone or via a quick online application on their website.
The disadvantage of this loan
- It’s a short-term loan. This means you must pay back within a short period of time.
- As at the time of writing the article, you get no more than N10,000 from quickteller.
- If you need more than this amount, you might want to look elsewhere. Here I recommend Carbon Loan App.
What we think of this Loan in Nigeria
The Quickteller loan looks like a very dependable and legit way of getting a short term loan with the good intentions of paying back in little or no time.
Although, we had a little trouble when we tried to request for the loan by dialing *322*6#. But requesting the loan via the website seems to work perfectly well nonetheless.
Therefore, if you request for the loan by dialing *322*6# and it doesn’t work well, try logging into their website and try again.
With quickteller loan, you can also request for airtime top-up as well.
There are many other options that many people would love to explore which seemed better than the Quickteller but they are somewhat difficult to get through and they are…
Quickteller loan code
Apart from the Quickteller loan app, you can also request for a Quickteller loan by dialing *322*6# on the same phone you used during your quickteller registration. You will see a prompt up message like
“By proceeding, you accept that you have read and agreed to the terms and conditions on https://www.interswitchgroup.com/terms-of-use/loans.html
Click 1, then another message will come up;
1>Get a Loan.
Then click 1 (Get a loan).
Want to become a Paypoint Agent?
Register to become a Quickteller Paypoint Agent and start offering financial services. An agent can offer services like Bill Payment, Funds Transfer, Cash Deposits, Cash Withdrawals, Insurance and Airtime Recharge to customers.
Quickteller loan alternatives
- Fint loan
Fint’s interest rate is better compared to quickteller. You can get as low as a 2% interest rate when you apply through Fint.
- Palmcredit loan
They offer as much as N100,000. Compare this to quickteller where you can get up to N10,000.
- Renmoney loan
If you are employed by an organization or self-employed, you can get up to N4million via renmoney loan.
- DBN loan
If you have collateral and do not mind providing other documentation. DBN might be right for you. Furthermore, you can get up to 10years to pay back. If you do not have collateral, I will suggest you avoid this option.
- Carbon Paylater loan
I love carbon as it is just for everyone and they give up to #1,000,000 in the loan but of course you will need to start with a smaller package.
Read our full carbon loan App review here!
Quickteller is a short-term loan provider that offers N1000 to N10,000. As a result, if you are looking for a huge loan, I would suggest that you look at other options above.
Don’t forget the 15% interest rate.
Also, read their terms and condition before applying for the loan.
we do hope you get everything you need to know about the Quickeller loan in Nigeria here?