QuickLoan is a popular financial app by Prsshiv, now with over 100,000 downloads and thousands of user reviews. It is aimed at Nigerians who need fast, unsecured loans with transparent terms. The product allows you to borrow between ₦3,000 and ₦300,000, repaid over 91 to 180 days, with a competitive annual percentage rate (APR) of 18%. Borrowers are not charged any service or processing fees, making QuickLoan a straightforward choice for those seeking clarity in loan costs.

How to Apply for QuickLoan

• Download and install QuickLoan from Google Play Store
• Register using your national ID and a valid phone number
• Submit your application for review
• Once approved, receive funds directly in your bank account

The entire process can be completed on your phone, providing a quick and convenient way to access cash without lengthy paperwork.

Pros of QuickLoan

The main advantage of QuickLoan is its speed. Money is deposited directly into your bank in a matter of hours if approved. Additionally, you do not need to provide collateral, and all fees and interest rates are clearly displayed before acceptance. The lack of hidden charges is especially important for Nigerians wary of unexpected deductions.

Cons of QuickLoan

Some users have reported confusion with the actual amount disbursed compared to what was requested and with repayment terms. The app may request access to sensitive information, including contacts and SMS, for loan verification purposes, which can be intrusive.

Verdict

QuickLoan can be a reliable option if you need instant cash. It offers flexible repayment terms and transparent interest rates, but always review terms carefully before applying. Consider data requests and your comfort level with sharing information.