Kiakia is a finance app that provides short-term commercial and personal loans. If you understand pidgin English, you’ll know that ‘Kiakia’ means ‘quickly’. They created the KiaKia loan with this idea in mind. KiaKia loan makes it so much easier to get a loan without putting up any collateral.
Read through to know more about KiaKia loan, its requirements and how to apply.
What is KiaKia loan?
Kiakia loan is a subsidiary of the Sterling Bank of Nigeria. Besides that, it is an online loan financier that provides personal loans for unemployed in Ghana at reasonable interest rates. The concept behind the KiaKia loan is to provide fast and effective loan access. Especially with no paperwork, guarantor, or collateral.
All you have to do is go to their website and select the “Get A Loan” option, which will open a user-friendly chat for you to fill out and submit your application. Thereafter, they’ll guide you through all the steps for the application.
KiaKia loan requirements
To qualify for this loan, you must supply the following documents and meet their requirements:
- Valid means of identification.
- A bank account (preferably Sterling bank) with Bank Verification Number.
- Proof of income from your workplace or business.
- Your active email address.
- Must live in Nigeria or Ghana.
- You must be 21 or above.
How to apply for KiaKia loan
To apply for KiaKia loan, follow the steps below:
- Create an account on the website using your correct information.
- Start an application chat on the site
- Upload a valid means of identification
- Enter your desired loan amount
- Choose the loan duration
- Take a screenshot of your last three salary or income alerts and upload it.
- If they approve your application, approve the loan terms and conditions.Authenticate your bank account
- Last, get credited
KiaKia loan app
In any of the mobile app stores, there is presently no KiaKia loan app. They manage all their borrowing services through their website. Customers with utility phones, they claim, will access all of their services.
What is KiaKia loan interest rate?
The interest rates on this loan range from as low as 5.6% to as high as 24%. Given the speed with which customers apply, this isn’t a bad rate base. One thing is certain: they present the precise applicable interest rate throughout the loan application procedure. And customers will accept or reject it.
Loan repayment for KiaKia loan
The Kiakia loan has simple repayment terms. You merely need to pay back the loan within the last 7 to 30 days. However, because of the benefits that come with it. It is essential to pay off your loans as soon as possible if you are able.
How long does it take to apply for a KiaKia loan?
The entire loan application procedure takes less than 15 minutes. However, there are some prerequisites you must meet before you can apply for this loan.
Other features of KiaKia loan
Kiakia loan has a lot of cool features, like the fact that it doesn’t just give out loans to unemployed people; users can also start investing money with Kiakia loan using their Kiakia p2p app.
KiaKia p2p app is a money lending app that lets you fund, invest and also earn interest in doing so. The interest rate is usually between 12%–40% quarterly, bi-annually and pre-annual by investing in loan and business.
What are the pros and cons of KiaKia loan?
- The application process is simple, and they disburse cash within minutes.
- Also, it does not require any serious paperwork
- No geographical restrictions, meaning you can apply from anywhere
- It comes with a loan processing charge
- Finally, the maximum amount of money you can borrow is low.
Frequently Asked Questions
Some of the most frequently asked questions on loans in Ghana include:
Can I get a loan without a job?
Yes, you can. It may be tough to come by, as most lenders prefer to lend to people who have a consistent and established source of income. The best alternative is to apply for a loan through an app that does not consider income as a criterion.
Can I get a personal loan without a salary?
Yes, you can. Today, with technological advancements, it is much easier to trace borrowers than it was in the past. In essence, you can now gain a personal loan without having a job. In actuality, all you have to do is submit your proof of account and go through the application process.
Can I get a loan if I just started working?
Yes, you can. However, the loan amount would be far lower than for people with strong income evidence, and you might not have as much as they do.
If you’re searching for a short-term loan, a KiaKia loan is absolutely something you should check into. If you gain credit points with them for a long time, you can request for considerably larger loans. All you have to do is go to their website, fill out the required steps, and they will review your loan application.
If it’s a success, you’ll get your loan right away. However, you should only take out a KiaKia loan if you can afford it. Defaults are not an option.