Kiakia
Frequently asked questions

FAST ONLINE LOANS IN NIGERIA: FREQUENTLY ASKED QUESTIONS

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Where can I get fast online loans in Nigeria?

– Google

When seeking a fast online loan, people like to ask certain questions to understand the loan process better. This way they are certain that the loan company they find can give them what they want.

These are the questions people ask most often on our platform and our answers.

ARE YOU GENUINE?

We are genuine. To qualify as a Fintech Lending company in Nigeria, you have to register with the Corporate Affairs Commission and have all your documents in order. Next, you need to operate under the jurisdiction of the state by being licensed under the State Lenders Act Cap 52. We’ve done all of that. Also, you can confirm the existence of a genuine company in Nigeria by its appearance on the CAC dashboard. That’s why you can find us when you search here.

To be sure that we really lend money, see these testimonials too

Currently, over 80K individuals and businesses use our platform (www.kiakia.co), and 60%+ of them have accessed loans from us.

WHAT IS THE MINIMUM OR MAXIMUM AMOUNT YOU CAN GIVE?

There is no limit to how much we give, however for first-time applicants without collateral, the maximum loan amount would be N100 000. How much you earn determines your loan offer. The Kiakia Loan platform typically limits first-time borrowers to a 30-day loan duration and not more than 30% of a borrower’s average monthly income. With this, first-time borrowers can easily make repayment and improve their credit ratings.

DO I NEED A COLLATERAL?

To access a loan with Kiakia, you do not need collateral. Even so, Kiakia may require collaterals if you are applying for a loan that is greater than 30% of what you earn. Considering the level of risk involved, your loan may require security in the form of collateral.

WHAT ARE YOUR REQUIREMENTS?

Our loan requirements are simple and straightforward:

An applicant must be a Nigerian resident in Nigeria. 

Above 21 years of age.

Works in the Public/Private sector or is an Entrepreneur. 

Must provide a valid means of Identification (Work ID for employed, and Government-issued ID for self-employed). 

Finally, the applicant will provide proof of Income (PDF copy of bank statement for the most recent three (3) months).  

WHAT IS YOUR INTEREST RATE?

Our interest rate depends on the terms involved (i.e duration of the loan). Although, standard interest rates for online loans are 15%, while collateralized loans interest rate gets as low as 5%.

Low interest rate loans!!

WHAT IS THE REPAYMENT RANGE?

Kiakia allows for a flexible loan repayment range between 30 – 180 days for returning users on our platform. Howbeit for first-time users without collateral, loan repayment is usually between 10 – 30 days.

Interested in a personal loan, see this

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Fascinated with African Finance, Curious about Growth, Interested in progressive storytelling.