Kiakia Loan, meaning "fast" in English, is a hassle-free credit solution for individuals and small businesses seeking instant loans without collateral. This comprehensive guide provides a step-by-step walkthrough of the loan application process, highlights essential requirements, and offers valuable tips to maximize your chances of approval.
Downloading the Kiakia Loan App or Visiting the Website
Download the KiaKia Loan App
Begin by opening your Play Store or Apple Store app, searching for the Kiakia loan app, and downloading and installing it on your device.
Visit the Kiakia Loan Website
Alternatively, use any browser to visit the Kiakia loan website if you prefer applying through a web interface.
Creating a Kiakia Account
Once the app is installed or the website is accessed, create a Kiakia account using accurate details that match your bank account information.
Loan Application Process
Access the Loan Option
After setting up your account, locate the lending icon at the top right-hand side of the app or website. Click on it to initiate the loan application process.
Follow Instructions
Follow the provided instructions or guidelines to complete your loan application. Ensure you input your required identification number and BVN (Bank Verification Number).
Choose Loan Amount & Tenor
Select your desired loan amount and the duration (tenor) for repayment. Consider your financial needs and repayment capacity when making these choices.
Provide Proof of Income
Upload proof of income, such as screenshots of SMS or email notifications showing your salary received over the past six months or the income flow of your business.
Link Your Bank Account (Optional)
Authorize the Kiakia loan app to view your bank transaction history by linking it with your account. This step may enhance the loan application process.
Accept Terms and Conditions
If your loan application is approved, carefully read and accept the presented terms and conditions to proceed.
Authenticate Your Bank Account
Follow the instructions to verify your bank account's authenticity, ensuring that the loan funds will be disbursed to the correct account.
Loan Disbursement
After completing the necessary steps, expect to receive your loan disbursement in approximately 10 minutes. The funds will be credited to your designated bank account.
Kiakia Loan USSD Code
Dial *448# to access the Kiakia USSD code and apply for a loan conveniently.
Kiakia Loan Requirements
To be eligible for a Kiakia loan, certain criteria must be met:
Age Requirement
Applicants must be 18 years old to qualify for a Kiakia loan.
Nigerian Citizenship
Kiakia loans are available to Nigerian citizens or individuals residing in Nigeria only.
Bank Account
Possess an active bank account with a recognized financial institution. This account will be used for loan disbursement and repayment.
Good Credit History
While Kiakia caters to individuals with varying credit backgrounds, a positive credit history increases your chances of loan approval.
Valid Identification
Prepare a valid means of identification such as a National Identification Card, Permanent Voter's Card, or International Passport.
Kiakia Loan Interest Rate
Kiakia offers one of the best interest rates among loan apps in Nigeria, typically ranging from 5% to 23%. Refer to the website during the application process for the exact interest rate.
Loan Amount and Repayment Duration
Loan Amount
Kiakia provides loans ranging from ₦10,000 to ₦5,000,000 to customers. The specific amount depends on creditworthiness, income, repayment speed, and the loan product or program.
Repayment Duration
The repayment duration is flexible, allowing 7–31 days to repay the borrowed amount. Early repayment comes with rewards and increased loan options.
Loan Approval and Disbursement Time
It takes Kiakia approximately 10 minutes to approve the loan application process and credit the funds to your account.
Frequently Asked Questions (FAQs)
Q1: How long does it take to get a Kiakia loan?
A1: The entire process, from application to loan disbursement, takes approximately 10 minutes.
Q2: What is the interest rate for Kiakia loans?
A2: Kiakia's interest rate typically ranges from 5% to 23%. Check the website during the application process for the exact rate.
Q3: Can I apply for a Kiakia loan without collateral?
A3: Yes, Kiakia offers loans without the need for collateral.
Q4: What is the repayment duration for Kiakia loans?
A4: The repayment duration is flexible, allowing 7–31 days. Early repayment can lead to rewards and increased loan options.
Q5: What are the eligibility criteria for a Kiakia loan?
A5: Eligibility criteria include being at least 18 years old, having Nigerian citizenship, an active bank account, a good credit history, and a valid means of identification.
Conclusion
In conclusion, accessing a Kiakia loan is straightforward through a user-friendly mobile app or website. By following the outlined steps, you can navigate the application process seamlessly and take a step closer to fulfilling your financial goals with Kiakia loans.