Is Quick Check loan legit? [The Unbiased Truth]


Is Quick Check loan legit

Is the Quick Check loan app legit? In this article, we will find out. We’ll reveal our findings from the background checks we carried out on the platform.

Quick Check is an online loan application in Nigeria that has been around for a while. The app has reportedly given Nigerians immediate access to micro-loans. But how trustworthy is Quick Check right now? 

This online loan app hasn’t gotten as much fame as Branch, FairMoney, and any of the top loan apps in Nigeria. So should you trust them?

Let’s find out.

Contents

Who is the Founder of Quick Check loan?

Benjamin Benaim and Luís Rodrigues founded Quick Check to address the issues with financial inclusion that Nigerians confront.

Their goal is to make it easier for the typical Nigerian adult to acquire credit facilities without needing paperwork, long lines, or collateral.

According to Crunchbase, the loan lending platform was launched on Jan. 1st, 2016, and had a staff strength of 11-50.

In my opinion, having a staff strength of 11-50 is fairly good as it shows that they are an honest company that legitimately gives out loans as they claim without collateral.

Moving on, let’s learn how the platform works.

How does Quick Check loan work?

Quick Check loan app is a Nigerian Fintech app that provides customers with short-term loans of up to N500,000 without asking for any collateral. 

Once the requirements for the loan are met, the app uses artificial intelligence to gather and analyze your data, including your credit score, SMS notifications, contacts, and other banking information, to distribute your cash loan in less than an hour. This makes it similar to other online mobile loan applications.

QuickCheck loan app offers low loan rates starting at a 5% per month rate which is one of its main advantages. 

The app’s elegant design and simple UI are particularly noteworthy. 

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Is Quick Check loan registered with the CBN?

While doing the background check, I couldn’t find an explicit source discussing their registration with the CBN.

Most legit loan companies often put it up on their website. I couldn’t find anything about CBN on their website. 

I feel this is an oversight because, during an interview with the founder of Quick Check, a CBN (Central Bank of Nigeria) representative noted that “digital lenders like QuickCheck are succeeding in a consumer segment where banks and microfinance institutions are still struggling.”

This proves that they are operating legally to give out loans to Nigerians in need of credit without collateral.

Does Quick Check have an office?

Yes, their office is located at 23 Agodogba Avenue, Parkview Estate, Ikoyi, Lagos 101233

Nigeria. So, if you have issues, you can easily find them, unlike some loan companies that do not have a single physical presence. They give out loans with outrageous interest rates, then threaten to disgrace defaulters.

When these defaulters try to locate them to either appeal or sue for defamation of character, it dawns on them that they don’t have a physical office.

But with Quick check, they’ve proven themselves to be credible by providing you with their office address in the event you need to physically sort out issues with them.

Quick Check Loan Reviews

In Google Playstore, the Quick Check Loan app has a rating of 4.5 with 148,527 reviews.

Here are some of the reviews from some Quick Check users.

From a Google User ( 1 star)

 “I found flaws in the app when creating an account; after inserting your email address, it doesn’t send any mail to confirm if it’s your actual email account; it just proceeds, which is a terrible concept for an app, how would someone reset their password if they mistakenly put a false email address when registering. So I think there should be a fix for that.

From Emma Chi (5-star)

“I like the app; it is seamless and straightforward to use, the questions are not complex, and I like the navigation system, it’s pretty cool; I will advise people to use this app, because as I heard I heard come to experience that they are legit and their interface is user friendly, tailored for your needs. I never knew that with this s

The app can access credit without any collateral, and the most beautiful thing about the app is the option given to its clients.

From Meshack Toluwalase ( 5 stars)

My experience with the Quick Check app is fantastic, simple, and a fast loan response. I can’t wait for my due date to pay back, as I wish to get a better loan with this fantastic loan app. God bless the staff of this loan app.

From Oladele Julius (5 stars)

Fast and reliable loan app

Learn more: Is Branch loan app legit?

How to get started on Quick Check loan

QuickCheck Loan is a trustworthy and legitimate online loan application that offers quick approval.

To register on Quick Check Loan App, here are the requirements.

  •  A mobile device and data
  • The number for Bank Verification (BVN)
  •  Financial information
  •  A high credit rating
  • A debit card
  • Personal information about you (like your name, phone number, address, email address, etc.)
  • Information about a job (self-employed can apply)
  • You must be of legal age.
  • At most, 30% of your income may be requested in loans.

QuickCheck is an entirely digital platform that only works with Android mobile devices. You must download and install the app from the Google Play store to register.

Step 1. Install the QuickCheck lending app by visiting the Google Play Store.

Download Quick Check app from Playstore or app store

Step 2. Click on the “Let’s Start” button and register with your mobile number, preferably one associated with your BVN.

Register a new account
Enter your phone number

Step 3. Set up your security pin and verify your phone number.

Enter verification code
Click verify phone number

Step 4. You need to grant Quick Check app access to your SMS, applications, Contacts, phone status, and location.

Grant access to SMS, applications, etc.

Step 5. After an algorithm has reviewed your application, a loan offer will be given to you.

If you accept the loan offer and payback schedule, money will be transferred to your account within 30 minutes.

QuickCheck offers interest rates as low as 5% per month. Loan durations range from 91 days to a year, with amounts ranging from 1,500 to 500k. With an equivalent monthly interest rate of 1 to 21%, interest rates range from 2% to 30%.

For first-time borrowers, the interest rate and loan amount will be substantially lower than this, but every time you repay, you receive a revolving loan. This means that you can raise your credit score and obtain a larger loan amount by making timely loan payments.

You also have access to up to 10,000 as a first-time user for 30 days. Higher sums and lower interest rates are guaranteed with early payback.

The borrowing length is between four weeks and one year.

Final thoughts on “Is Quick Check loan legit?”

Finally, the QuickCheck lending app is legit and safe to use. It is one of Nigeria’s top best apps for money lenders. It’s simple to use, and loans are issued shortly after applications are submitted.

The QuickCheck Loan app is similar to other loan apps in that all transactions are completed online. You only need to provide your BVN number to receive your loan; otherwise, nothing else is required.

QuickCheck’s loan application is highly secure, and it’s one of the best money-lending apps in Nigeria. As long as you meet all of the requirements for a loan, the loan will be granted to you. 

When using the app, please immediately report any suspicious activity to your bank so that it may be investigated, or get in touch with QuickCheck customer service.

So, what are your thoughts? Is Quick Check loan legit?

Oghenemaga Emmanuel

Oghenemaga Emmanuel is a certified content marketing specialist, SEO strategist, social media expert, and digital marketing manager for B2B and B2C businesses.

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