In today’s Nigeria, having access to a fast, no-collateral loan can make a huge difference, especially when it comes to emergencies, small business support, or monthly balance needs.
QuickCheck Loan App has become one of the few trusted financial apps that allow Nigerians to borrow money instantly without requiring any guarantor or property as collateral.
This guide will show you the complete process, requirements, and rules you must follow to successfully get approved on QuickCheck, even if it’s your first time using the app.
What is the QuickCheck Loan App?
QuickCheck is a digital lending platform developed by Arve Limited, licensed by the Central Bank of Nigeria (CBN).
It provides instant personal loans using AI (Artificial Intelligence) to assess your repayment ability,instead of asking for collateral or guarantors.
What Makes QuickCheck Loans Different?
Unlike many microfinance or manual loan platforms, QuickCheck focuses on:
- Zero Collateral Policy: You don’t need a guarantor or assets to apply.
- Digital Approval: Uses your credit score and phone activity (not paperwork).
- 24/7 Loan Access: Apply and get approved anytime, day or night.
- Fast Disbursement: Funds reflect in your account within minutes after approval.
- Data-Driven Decisions: Your loan limit increases automatically as you repay on time.
Eligibility Requirements for QuickCheck Loan
Before you can borrow successfully, you must meet the following:
- A valid BVN linked to your mobile number.
- An active Nigerian bank account in your name.
- A steady income source (salary, small business, freelance, etc.).
- A smartphone with Android 7.0 or higher.
- A working phone number (same as BVN-linked number).
- Good repayment history (if you’ve used other loan apps).
Step-by-Step: How to Apply for a QuickCheck Loan
Follow these steps carefully for a smooth approval:
Step 1: Download and Install the App
- Visit the Google Play Store.
- Search for the QuickCheck Loan App and tap Install.
Step 2: Create an Account
- Open the app and tap Sign Up.
- Register using your BVN-linked phone number.
- Verify using OTP sent via SMS.
Step 3: Complete Your Profile
- Input your full name, date of birth, and address.
- Add your employment details or business type.
- Connect your bank account (for disbursement and repayment).
Step 4: Apply for a Loan
- On your dashboard, tap Apply for Loan.
- Enter your desired loan amount (₦1,500 – ₦1,000,000).
- Select your repayment duration (91 days – 12 months).
- Provide your loan purpose (business, rent, bills, etc.).
Step 5: Wait for Instant Review
- The app uses AI scoring to check your credit profile.
- An approval or rejection message appears instantly on your screen.
Step 6: Receive Your Funds
- Once approved, your loan is sent directly to your linked bank account.
- A confirmation SMS or email follows immediately.
QuickCheck Loan Limits
| Category | New User | Returning User |
|---|---|---|
| Loan Range (₦) | ₦1,500 – ₦10,000 | ₦10,000 – ₦1,000,000 |
| Tenure | 91 days – 6 months | Up to 12 months |
| Monthly Interest | 5–13% | 2–10% |
| Notes | First loan smaller | Based on repayment score |
Your limit grows automatically after 1–3 successful repayments.
How to Increase Your QuickCheck Loan Limit
To qualify for higher amounts:
Repay loans before your due date.
Always use the same BVN-linked number.
Avoid taking multiple loans from other apps at once.
Keep the app active and allow permission to read your phone’s transaction SMS (it helps build credit trust).
Avoid defaulting or delaying repayments.
FAQs
Q1. Does QuickCheck really give loans without collateral?
Yes. The app uses AI-based digital credit scoring—no collateral or guarantor is needed.
Q2. How fast will I get the money after applying?
Within 5–10 minutes, once your details and BVN are verified.
Q3. Can I apply without BVN?
No, your BVN is mandatory for identity verification and loan security.
Q4. How much can I borrow for the first time?
Usually between ₦5,000 and ₦10,000 depending on your score and phone data.
Q5. Can I repay before the due date?
Yes, and it’s even better—it helps reduce your next loan interest.
Conclusion
Getting a QuickCheck loan without collateral in Nigeria is one of the easiest and safest ways to access fast credit digitally.
Everything happens within minutes, from registration to disbursement.
You don’t need to visit any bank or submit documents.
