Swiftkash is a popular digital lender that provides quick and affordable loans to salaried individuals in Nigeria. They have assisted thousands of Nigerians in meeting their short-term financial needs.
This Swiftkash loan review covers all the important aspects of their loan offerings including eligibility, interest rates, repayment terms, application process and customer support. So if you need emergency funds to pay bills or manage unexpected expenses, Swiftkash may be a good option worth considering.
Let’s start with a quick illustration. Imagine this you’re crunching numbers to make ends meet at the end of the month when an unplanned repair expense for your car comes up.
You need funds right away but your salary is still two weeks away. That’s where Swiftkash comes to the rescue. They offer a digital solution to your temporary cash crunch with quick loan approval and disbursement within hours.
How do Swiftkash Loans Work?
Swiftkash offers instant personal loans that can be repaid over 3 to 6 months through scheduled deductions from your monthly salary. Here are the key things to note:
Eligibility Criteria
To qualify for a Swiftkash loan, you must:
- Be a Nigerian citizen aged 18 years
- Have a valid BVN and bank account
- Provide proof of active employment with a reputed company
- Earn a minimum monthly income of ₦50,000
- Have a clean credit record with no defaults
Loan Amounts
Loan amounts range from ₦10,000 to ₦500,000 depending on your monthly income and credit history.
Interest Rates
The interest rates charged by Swiftkash vary between 2.5% to 5% monthly on reducing balance. There are no hidden charges.
Repayment Terms
Loans can be repaid over 3 to 6 monthly installments through direct deductions from your bank account.
Processing Fees
A onetime processing fee of 2% is applicable on the approved loan amount.
So, tall and short, Swiftkash offers affordable personal loans for salaries individuals based on their ability to repay from monthly income.
How to Apply for a Swiftkash Loan
Applying for a Swiftkash loan is fully online and paperless. Here are the simple steps:
- Go to www.swiftkash.com or download the Swiftkash mobile app from Play Store or App Store.
- Provide basic personal and financial details like name, BVN, bank account, employer details, income proof etc.
- Documents like ID, bank statement, employment letter/payslips need to be uploaded for verification.
- Swiftkash will check your details against their criteria and run a credit check within minutes.
- If approved, you will receive a loan offer via email/SMS specifying the loan amount and repayment terms.
- Accept the offer online and the approved loan amount will be credited to your bank account within hours.
The entire application and approval process takes less than 30 minutes to complete online from the comfort of your home or office.
Swiftkash Customer Support and Contact Details
Swiftkash ensures timely and reliable customer support through multiple channels:
Call Centre: 0700SWIFTKASH (07007943852)
Experienced agents are available from Monday to Friday between 9:00 AM to 6:00 PM to assist with queries.
Email: support@swiftkash.com
Reach out through email for any questions or issues regarding your loan account.
Walkin Support
Visit their head office in Lekki, Lagos for inperson support during working hours.
So rest assured Swiftkash has you covered with multiple touchpoints to address any queries or concerns regarding the application, approval process or loan repayment smoothly.
Conclusion
To conclude, I appreciate you for reading to the very end. That’s all about Swiftkash Loan Review, Interest Rates, How to apply, Customer Care Contact Number.
Swiftkash provides a seamless digital experience for salaried individuals in Nigeria to access quick personal loans online. Their simple eligibility criteria, flexible repayment options and excellent customer service make them a top choice for emergency working capital requirements.
With responsible use as per one’s repayment capacity, Swiftkash loans can be extremely useful financial tools. I hope this comprehensive Swiftkash loan review covered all the important aspects you need to know before applying for a loan from them. Feel free to comment below if you need any clarification or have additional questions.
FAQs
Is Swiftkash still working in Nigeria?
Swiftkash is no longer operating in Nigeria. The Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria has delisted Swiftkash App, along with 36 other loan apps, from the Google Play Store and Apple App Store.
