One of the biggest challenges most loan users face is missing their repayment date, either because of a delay in salary, sudden expenses, or an incomplete repayment plan.
If you’re using the QuickCheck loan app, the good thing is that the platform has options and tools that allow you to manage your repayment date, loan extension, and interest calculator before or after taking a loan.
This guide explains in detail how the repayment date system works, how to request a loan extension, and how to use the QuickCheck interest rate calculator properly before applying for any loan.
You can also check how to calculate interest on LendMax, Umba and TLoan.
Understanding the QuickCheck Loan Repayment System
When you take a loan on QuickCheck, your repayment plan is automatically set based on two main factors:
- Loan Tenure (Duration): The time you choose to repay (between 91 days and 12 months).
- Loan Amount: The amount you borrowed determines your interest and repayment timeline.
The repayment schedule is automatically displayed in your app dashboard after loan approval. You can always view:
- Total amount due.
- Interest per month.
- Next repayment date.
- Payment history and balance.
How to Check Your Loan Repayment Date
Follow these steps to check or confirm your loan due date inside the QuickCheck app:
- Open the QuickCheck app.
- Tap on Loans at the bottom of the screen.
- Select Active Loan from the list.
- You will see your repayment schedule, including:
- Next payment date.
- Remaining balance.
- Total interest.
- Payment progress bar.
If you have multiple loans (or rollover loans), the system will show all repayment details separately under “My Loans.”
How to Increase Your Loan Repayment Date (Extend Loan Tenure)
Currently, QuickCheck doesn’t allow direct date changes inside the app for active loans, but there are still two safe ways to extend your repayment date or delay repayment without being charged penalty fees.
Option 1: Use the “Loan Extension Request”
If you know your repayment date is near and you won’t meet up, use this early request option.
Steps:
- Open the QuickCheck app.
- Go to Help → Contact Support.
- Select Repayment Issue.
- Briefly explain your reason (e.g., salary delay, emergency).
- Wait for confirmation from the QuickCheck support team.
If your account is in good standing (previous loans paid on time), QuickCheck usually grants an extension of 3–7 days before a penalty applies.
Option 2: Refinance or Renew Your Loan
If you’re already eligible for another loan, you can take a top-up loan that clears your old loan automatically.
How it works:
- The system uses your new loan amount to settle the old one.
- The remaining balance is disbursed to your account.
- You get a fresh repayment schedule with new dates.
This method is common among active QuickCheck users who maintain good credit scores.
What Happens If You Miss the Repayment Date?
If you do not extend or repay by your due date, here’s what happens:
- Grace Period: 1–2 days (depending on your repayment history).
- Penalty Interest: Around 1.5%–2% daily after the grace period.
- Automatic Card Debit: QuickCheck may auto-debit your registered card if enabled.
- Credit Score Drop: Late payments reduce your loan limit for next time.
- Credit Bureau Report: Repeated defaults can affect your BVN and credit standing.
To avoid any penalty, always request an extension at least 24 hours before your repayment due date.
How to Use the QuickCheck Interest Rate Calculator (Before Borrowing)
One of the best ways to plan your repayment is by using the interest calculator inside the QuickCheck app.
Steps:
- Open the QuickCheck app.
- On the home screen, tap Check My Loan Offer.
- Enter your preferred loan amount.
- Choose a repayment duration (e.g., 3 months, 6 months).
- The system will show:
- Estimated interest rate.
- Total repayment amount.
- Monthly or weekly repayment breakdown.
This calculator helps you compare different loan terms and understand exactly what you’ll repay before applying.
This shows why using the calculator before applying is important, so you can choose the loan that best fits your cash flow and repayment capacity.
| Loan Amount | Duration | Monthly Interest | Total Interest | Total Repayment |
|---|---|---|---|---|
| ₦50,000 | 3 months | 10% | ₦15,000 | ₦65,000 |
| ₦100,000 | 6 months | 9% | ₦54,000 | ₦154,000 |
| ₦200,000 | 12 months | 7% | ₦168,000 | ₦368,000 |
Tips to Manage Your QuickCheck Loan Effectively
- Always check due dates after approval—don’t rely on SMS alone.
- Turn on app notifications so you get reminders days before repayment.
- Avoid taking new loans until you finish old ones unless it’s a refinance.
- Pay early—early payments improve your credit score and increase your limit.
- Keep your card active—if your linked card fails, your account may be marked as pending.
FAQs
Q1. Can I increase my QuickCheck repayment date directly from the app?
No. You must contact QuickCheck support to request an extension or use the refinance option.
Q2. How many times can I extend repayment?
Usually once per loan term. More extensions may affect your credit score.
Q3. What’s the maximum loan duration on QuickCheck?
Up to 12 months (1 year) for trusted repeat users.
Q4. Is there any fee for using the calculator?
No. The interest calculator is free inside the app and gives real-time estimates.
Q5. Does an extension increase my interest rate?
No, not automatically, but extra days might add small service or penalty charges depending on your account standing.
Conclusion
Managing your loan repayment date the right way helps you stay free from penalty charges and credit score problems. QuickCheck’s system is flexible, you can extend repayment, refinance your loan, or use the in-app calculator to plan before borrowing.
Always remember: the key to enjoying higher loan limits and lower interest is early repayment and a consistent trust record. The app is fully digital, secure, and designed to help Nigerians access finance the smart way without stress or delay.
