How to Apply for Quickteller Loan and Repayment process
Do you require a quick loan to meet your immediate needs? You don’t have any collateral; no worries. Quickteller loans are available even without collateral. Learn everything you need to know about Quickteller Loan, the application process, and how to repay.
About Quickteller Loan
On October 6, 2017, Interswitch launched a multi-channel low-level short-term loan platform known as the Interswitch Lending Services Platform. Interswitch is poised to provide customers easy and quick access to short-term loans who are underserved by mainstream financial institutions.
This action is a bid to address the problems of credit access, reach, and risk in a novel way to achieve loan accessibility on a nationwide scale. To achieve this, Interswitch is partnering with six leading banks and three other credit providers.
Accessing the Quickteller loan doesn’t require paperwork or any form of collateral. The loan can be accessed using your mobile phones, tablets, and laptops. Quickteller loans are for individuals who need a small amount of money to meet their immediate needs and will be able to pay it back within 2 weeks.
Interswitch Lending Application Process
In the Interswitch lending process, we are going to look into the following:
Though you don’t need to do any paperwork or present collateral to access the Quickteller loan, the Interswitch lending platform needs credible information about your financial flow. Therefore, you must give them access to your bank to confirm your profile details and transaction history. This helps them determine your financial strength and your ability to pay them back.
To qualify for a Quickteller loan, you need a bank account and more electronic transactions on your account.
Customers who use electronic channels or other means of cashless transactions stand a better chance of accessing loans from Interswitch than those who are not using electronic transactions. This is due to the fact that most of the historical data generated is based on the usage of electronic transaction channels such as Quickteller.com.
How much can I get from Quickteller?
Quickteller loan is for individuals who need a small amount of money to solve their emergency needs. The loan is not for people who need a big money up to 500,000. Although you can get between N1000 to N20,0000 depending on your level of cashless transactions.
Sign Up for Quickteller account
Verify your phone number and add your bank details. Check that your bank information is correct.
To sign up for a Quickteller account is simple, just follow these steps below:
- First, visit the official Quickteller website.
- Click on the “Sign Up” button on the top right-hand side of the homepage.
- Enter your name, email, password, and mobile number in the right fields.
- Click Continue.
- You will receive a code at the number you provided.
- Use the code to activate your account by putting the code in the space provided on the website.
- Next, sign in to your Quickteller account with the email address and password that you used when opening your Quickteller account.
- Select the “My Cash” option.
Quickteller Loan Interest Rate
Quickteller charges a 15% interest rate on every amount borrowed and demands repayment within two weeks. Hence, take note of that before applying for a loan.
How to Apply for Quickteller Loan
Quickteller Loan Request
Applying for a Quickteller loan is very simple once you have completed your account registration. Log in to your Quickteller account using the email and password you used for registration. Click on “Request Loan,” located on the left-hand side of your screen.
Then, enter the amount you want to borrow, enter your account details, and click Continue. Provide your card information (like card number, CVV, expiration date, and so on). Finally, click Accept offer, and you’re finished.
Quickteller Loan ussd Code
Apart from getting the loan through the Quickteller Loan request, you can easily access the loan using the Quickteller Loan code. While going through this process, you don’t need internet access. Simply dial 3226# on the phone you used during your Quickteller account registration. Then follow the voice prompt to get your Quickteller loan instantly. Once your loan request is approved, Interswitch will credit your account within a minute.
Quickteller Loan Repayment
Quickteller loans are only available for a maximum of two weeks.You are expected to repay your debt with interest at the end of two weeks.
We have two ways in which you can make your repayment:
- Go to Quickteller and select the option
- Enter your phone number or email address which you used to apply.
- Confirm the amount you want to pay.
- Enter your card details and complete repayment.
Pay Via the ATM
To pay via the ATM, follow the steps below:
- Insert your card into the ATM
- Select the Quickteller option.
- Click Pay Bills option
- Then click on Others
- Now enter Biller/Payment Code of your loan provider. e.g. 04309401(Ferratum) or 04309405(Fairmoney).
- Enter the phone number used to request the loan as the Customer reference number.
- Finally, confirm the payment.
Quickteller PayPoint Agent
Quickteller Paypoint is an Interswitch merchant service. It gives you the opportunity to become financially independent. Register to become a Quickteller Paypoint Agent today and start providing financial services to customers. As an agent, you will be providing services like bill payment, fund transfers, cash deposits, cash withdrawals, insurance, and airtime recharge to customers.
The Quickteller app is the medium through which you can access any of the Interswitch services. The new Quickteller app is designed to make your everyday payments simple, safe, and secure.
The Quickteller Loan app is available for download from the Google Play Store. The process is simple and easy: just click the Install button and accept their terms and conditions. Follow the prompt instructions to complete the installation process.
There is a lot you can do with the Quickteller App as listed below:
- Send money to family and friends
- Easy bill payment
- Airtime top-up, both local and international
- Global shopping.