Kwikpeso Loan App Review and Interest Rate

On this page we will review the Kwikpeso loan app. We will discuss if it is legit or scam, the interest rate, the amount someone can borrow, requirements and how to apply for Kwikpeso loan and also how to repay Kwikpeso loan.

Kwikpeso Loan App Review

Kwikpeso Loan App Review

Quick peso Mobile Loan is very flexible and charges affordable and low facilitation fee ranging from 9% to 25%

Some features of Kwikpeso
  • Avail instant loans from Prime Loan through your smartphone.
  • Faster approval process with less documentation
  • Get collateral-free loans without any bank visits or phone calls
  • Attractive rate of interests
  • Loan disbursement in 10 minutes

Is Kwikpeso Loan App Legit or Scam

Kwikpeso loan app is legit and genuine. Many people have been using it to get instant loans. If you notice any irregular transaction contact Kwikpeso customer service.

Is Kwikpeso Loan App Safe

Kwikpeso app is very safe and secured. All your information are protected, privacy is guaranteed and transactions are secured.

Kwikpeso Loan Interest Rate

Loan Amounts: PHP 1,000 - PHP 50,000

Monthly facilitation fee: 9% - 25%
APR: 27% - 260%

For example, for a 65-days loan with a principal amount of PHP 1,000 the facilitation fee would be PHP 250 and the total payable amount would be PHP 1,250

Minimum repayment period is 65 days while the maximum repayment period is 120 days, with a minimum APR is 27% while the maximum APR is 260%

Kwikpeso does not charge more than the amount of the facilitation fee (plus a one-time late fee if you do not pay after the loan repayment grace period). The loan amount does not compound or accrue.

Sample Loan Nigeria:
Loan Amount 1000 Naira
Interest Calculation - (1000 * 25) / 100 = NGN250 
Expected Payback amount for 65 days – NGN 1000 + 250 = NGN 1250
Monthly Payment - NGN 625

How Much Can I Borrow From Kwikpeso Loan App

You can borrow between 5000 naira to 1,000,000 naira

Requirements To Get a Loan From Kwikpeso Loan App

To get a loan from Kwikpeso app:

  • You must reside in Nigeria
  • You must have a BVN
  • You must have a source of income
  • You must be between 22 to 55 years
The minimum documents required to avail loan is your identification number, mobile number, your email address etc. might be required. Once you apply for loans, we will check you in a few minutes.

How To Apply For Loan On Kwikpeso Loan App

To borrow money from Kwikpeso app:
  • Download Kwikpeso loan app
  • Register with your correct details
  • Request for a loan
  • Get the loan

How Long Does It Take Kwikpeso Loan App To Give a Loan

It takes few minutes to hours depending on the amount.

How To Repay Kwikpeso Loan

Simply login to the Kwikpeso app, go to the repayment option, choose a repayment method you are okay with to repay the loan.

Kwikpeso Loan Customer Care

They can be reached at: