KWIKPAY CREDIT PRODUCT SUITE

KWIKPAY SALARY ADVANCE(KSADVANCE)

For Whom - Salary earners in Lagos and other parts of Nigeria requiring Loans to meet emergency needs. Get a Quick Cash Loan of up to N2million by tomorrow

Features/Requirements..
1 Tenor of Loan is 3months - 6months.
2 Maximum loan amount of N2, 000,000.00 subject to the Monthly Salary income of Applicant.
3 6months salary account bank statement preceding request date required.
4 No Security required for this payday loan.
5 1 (One) Guarantor for a Loans with maximum of N400, 000 only.
6 No processing or Management Fee
7 Turnaround time for Credit disbursement is 24hrs.
8 See general loan information for further details

KWIKPAY SHORT TERM LOAN INTERVENTION(KSI)

For Whom - Salary earners that require quick short term Loan to meet an urgent financial requirement

Features/Requirements..
1 Loan tenor of 1 month.
2 6months salary account bank statement preceding request date required.
3 No Security required for this quick payday loan
4 Turnaround time for this quick credit is 24hrs.
5 Minimum of N50,000 and maximum of N2,000,000.
6 See general loan information for further details

KWIKPAY EMPLOYER COVER LOAN(KWIK-EMPLOY)

Target market - This is targeted at SALARY EARNERS who are recommended for cash loan by their employers.

Features/Requirements..
1 Loan tenor: maximum of 6months per applicant.
2 Corporate recommendation from Employer.
3 No Security required for this emergency loan.
4 No Independent Indemnifier.
5 No processing or Management Fee.
6 Turnaround time is 24hrs.
7 6 months’ salary account bank statement is required
8 See general loan information for further details.

KWIKPAY HOME IMPROVEMENT LEASE(KWIK-IMPROVE)

Target market - Salary earners requiring Lease facility to buy basic household gadgets like Generators, Electronics, Inverters, etc.

Features/Requirements..
1 Loan tenor of 9 months.
2 Fees - 2%, inclusive of processing, insurance and others.
3 Proforma Invoice from a reputable vendor/store.
4 6months salary account bank statement preceding request date required.
5 All assets purchased will be in the name of TAL Kwikpay
6 Turnaround time is 72hrs.
7 See general loan information for further details

KWIKPAY RENT SUPPORT LOAN(KWIK-RENT)

Target market – For Salary earners requiring loan to settle house rents or for reliable business owners requiring loan to settle rent for the house or business location.

Features/Requirements..
1 Loan tenor of 6months maximum.
2 6months salary account bank statement preceding request date required.
3 Current rent bill and evidence of payment of last rent (landlord receipt).
4 Loan to maximum of 70% of rent bill.
5 Turnaround time is 5working days.
6 See general loan information for further details.

KWIKPAY SCHOOL FEES CREDIT (KWIK-BACK TO SCHOOL)

Target market - Salary earners or a reliable business person requiring loan to support their Children’s School fees.

Features/Requirements..
1 Loan tenor of 3months maximum.
2 6 months salary account bank statement and/or 6mths business account statement..
3 Current School bill and evidence of last terms school fees paid required.
4 20% of school bill required as contribution, upon approval, Manager’s Cheque will be issued in the name of the school for full value of the bill.
5 Turnaround time is 5working days.
6 See general loan information for further details.

KWIKPAY BUSINESS LEASE FACILITY (KWIK-LEASE)

Target market - For business owners who desire to acquire particular assets needed for their Enterprise. The Business owner must have a verifiable cash flow with a bank account for their business transactions. It is not for start-ups, business must have operated for at least one (1) year.

Features/Requirements..
1 Loan tenor of 6-8months.
2 Proforma Invoice from a reputable vendor/store.
3 Fees - 2.5% , inclusive of processing, insurance and others
4 6months business account bank statement preceding request date required.
5 2 Indemnifiers and Indemnifier’s cheques required inclusive of all-assets purchased will be in the name of TAL Kwikpay/Applicant Name.
6 Turnaround time is 5 working days.

KWIK- KWIK LOAN

Target market -Short and unsecured Loans for business owners, Artisans, Association members or any other legitimate groups in Lagos, Nigeria. This unique loan product for financial inclusion is tailored to meet the local needs. It is suitable for Market Men and Women. The Minimum Loan amount is N50,000.

Features/Requirements..
1 Maximum Tenor is 6months.
2 Daily or weekly repayments with contributions allowed.
3 Individuals must have a valid business that has been operating over 6months.
4 No Collateral required.
5 Indemnity from Group.
6 Form or Join a group of 5 - 20people.
7 See general loan information for further details.
8 Turnaround time of 5 working days from submission of all the required documents.

FINANCIAL ADVISORY/INCLUSION

To empower Market Men and Women for financial inclusion by providing access to finance for them. We also assist corporate organizations’ in the areas of cash flow management, business advisory, loan restructuring, debt recovery etc. Kwikpay Credit is one of foremost Payday loan provider in Lagos, Nigeria.

GENERAL LOAN INFORMATION

GUARANTOR/INDEMNIFIER’S REQUIREMENTS

1 Indemnifiers must be full staff and must have run a current account where his/her salary is paid. Except for KWIK-EMPLOY & KWIK-KWIK.
2 Loan amounts of N400, 000 and above require 2 indemnifiers at the same level or superior colleague (except for (KWIK-EMPLOY).
3 Indemnity must be backed with Cheques except for KWIK-KWIK.
4 6 months statement of account. This is applicable to all Kwikpay Products except for KWIK-KWIK.

TURNAROUND TIME

1 The turnaround time refers to the time spent between processing to getting our response by way of an Offer Letter or otherwise.
2 For processing to commence, the customer must have submitted all documents required for processing.
3 Upon receipt of our Offer and getting your account credited, this takes a few hours after the applicant must have executed the Offer letter and met other conditions.