When it comes to getting your financial needs met, turning to a loan can be a great option for some. Unfortunately, it can be a difficult process to find the right loan for your needs. You need one that is transparent and straightforward, with the lowest possible interest rate and no hidden fees or charges. That’s why you should look into Quickteller loans.
With Quickteller loans, you get access to some of the best interest rates in the industry with flexible repayment options to suit your personal circumstances. Plus, you can apply for a loan in just minutes, with no paperwork and no queuing up in a bank.
In this article, I will walk you through the process of applying for a Quickteller loan, the interest rate, how to repay the loan, and how to contact their customer service, so you can get access to quick cash when you need it most.
Overview of Quickteller Loan
If you’re looking for a way to quickly and conveniently access a loan, look no further. Quickteller Loan is one of the most popular online loan services available today. With this unique service, you can apply for a loan from the comfort of your own home or office and get fast approval and access to funds.
What makes Quickteller Loan so attractive is that it requires minimal paperwork and offers competitive interest rates and terms. The process of applying for a loan with Quickteller Loan is simple and straightforward.
Once you’re approved, you’ll have access to funds directly deposited in your bank account in a few minutes. With Quickteller Loan, there’s no lengthy paperwork or wait times, making it the perfect solution for those who need quick access to money when they need it most.
Loan Eligibility and Requirements for a Quickteller Loan
If you’re considering applying for a Quickteller loan, there are some important requirements you need to make sure you meet. To start, you must be at least 18 years old; if you’re younger than this, unfortunately, Quickteller won’t be able to help you.
In addition to satisfying the age and verification requirements, applicants must also have the following:
- An internet-enabled device
- A functional bank account and ATM card
- A BVN
How to Apply for a Quickteller Loan?
Applying for a Quickteller loan is easy and straightforward. All you need to do is follow the steps below, and you’ll be on your way to getting your loan approved!
To apply for a loan on Quickteller. You need to register on the Quickteller website.
Follow these steps:
- The registration process involves filling out your personal details like your name, mobile number, email, and password.
- When you are done filling out your information. You will get an OTP (One-time pin) on your mobile device.
- Then use this OTP to activate your account on the Quickteller.
- Then sign in to your Quickteller account, add your bank information, and request a loan.
You can as well request a loan on Quickteller via the USSD code and also Quickteller mobile app.
To apply for a loan via USSD code, dial *3226# and follow the instructions to apply.
Fees and Interest Rates for a Quickteller Loan
If you’re considering applying for a Quickteller Loan, it’s important to know about the fees and interest rates.
Quickteller Loans may have fees associated with them, depending on the situation. These could include origination fees and late payment fees. Be sure to read the fine print of any loan agreement carefully to ensure you understand all associated costs. QuickTellee doesn’t require any paperwork or collateral.
Quickteller Loans also typically have relatively low-interest rates, which can range from 3% to 15%; you can get up to 50,000 naira depending on your credit score and other factors. The higher the interest rate, the more money you will be paying in interest over the life of the loan.
It’s also important to note that your monthly payment amount will be determined by your loan amount, interest rate, and repayment term. Doing a bit of math or using an online loan calculator can help you get a better understanding of how much you can expect to pay each month for your Quickteller Loan before signing any agreement.
Repayment Process for a Quickteller Loan
Repaying a Quickteller loan is super simple. You can make payments in one lump sum or set up a repayment plan to pay your loan back in installments. Many Quickteller customers opt to set up automatic payments so they never miss a payment and get the bonus of having lower interest rates. Your repayment rate is based on the total amount you borrow, the duration of your loan, and your credit score.
You can repay QuickTeller loan through its website, an ATM, a USSD code, or by going to the bank.
To repay your loan via QuickTeller Loan via the website, follow these steps:
- Go to Quickteller page, then select the loan option you chose when requesting the Quickteller loan (e.g., Androyte)
- Enter the phone number and email you used to apply for the loan.
- Confirm the amount you want to pay.
- Enter your card details and complete the repayment.
To repay your Quickteller loan via USSD code, follow these steps:
- Dial *322#
- Select ”Make Payment”
- Select “Others”
- Enter Biller/Payment Code 04225701(Kwikcash) or 04309401(Ferratum) or 04309405(Fairmoney)
- For the Customer Reference Number, enter the phone number you used to request the loan.
- Then enter the Amount.
- Select Card, then enter your card information and confirm payment.
To pay for your Quickteller loan using the ATM, follow these steps:
- Insert your ATM card and select “Quickteller.”
- Select “Pay Bills”
- Select “Others”
- Enter Biller/Payment Code for the loan type, e.g., 04225701(Kwikcash) or 04309401(Ferratum), or 04309405(Fairmoney). Check the QuickTeller app or website for the payment code.
- For the Customer Reference Number, enter the phone number you used to request the Quickteller loan.
- Then Confirm payment
To pay your loan at the Bank (Kwikcash only)
- Walk into any of these banks; Fidelity, Access, UBA, Keystone, Sterling, or GT bank.
- Inform the bank teller you want to repay your Quickteller loan on PAYDIRECT. Give your phone number as the customer reference number.
UBA, First Bank, Fidelity, Ecobank, and numerous more banks have signed up for Interswitch’s loan services.
To make payments quickly, you can also use QuickTeller’s mobile app or web services. Additionally, Quickteller’s support team is always on hand to assist you if you need assistance with anything relating to loan repayment.
How to contact QuickTeller Customer Service
If you have any questions or run into any issues during the loan application process, QuickTeller has a dedicated customer service team to help. You can contact Quickteller Loan customer care via phone call by dialling this number; 07009065000. You can also contact them via email by sending a mail to info@quickteller.com
To ensure that your query is handled as quickly as possible, make sure that you have all the necessary and relevant information ready. This will save time and make it easier for the customer support representative to understand and answer your inquiries more quickly. Also, make sure to be detailed in your description so that their response addresses all of your concerns accurately and completely.
Alternatives to a Quickteller Loan
If a Quickteller loan isn’t for you, there are plenty of alternatives that could easily suit your needs and your budget. Here are five options for getting the funds you need quickly:
Paylater
This online loan platform provides loans of up to ₦500,000 and repayment terms of up to six months. It also offers flexible interest rates ranging from 4% to 10% depending on the type of loan and the repayment duration.
Carbon
Carbon provides short-term loans with loan amounts ranging from ₦30,000 to ₦600,000. Repayment terms range from 1–12 months with interest rates that are between 5%-15%.
Branch
Branch offers short-term loans of up to ₦200,000 with a repayment period of up to 6 months. It also has very competitive interest rates starting from 3%.
Aella Credit
Aella Credit provides quick loans of up to ₦1,000,000 with repayment terms of 1, 3, 6, 9, and 12 months. Interest rates range from 4% to 29%, depending on the loan amount and repayment duration.
Palm Credit
Palm Credit offers short-term loans of up to ₦100,000 with repayment periods of up to 6 months. Interest rates vary between 5.75% to 27.5%.
Conclusion
QuickTeller makes applying for a loan quick and easy. With little information required and a short processing time, you could be approved for a loan in as little as 5 minutes. Be sure to read the details of the loan agreement before signing, and make sure you understand all that you agree to.
By following these steps, you’ll be well on your way to getting the quick loan you need in no time. QuickTeller makes it easy to access the funds you need when you need them, so don’t wait and put your plans on hold.