Kwikee - Get Credit, Save
Kwikee App helps to improve lifestyle quality by providing access to instant funds just when you need it. Its savings feature enables you to save your money easily and conveniently.
● How does Kwikee work?
Download the Kwikee App, create an account, fill in the required details, and verify your identity using the face ID feature available on the app.
Credit
Kwikee credit With a digital credit card, you can access a percentage of your salary on the Kwikee App on the card and withdraw from it as you deem fit to pay back on your salary date after choosing your tenor. You only pay interest on what you withdraw and not what is in your card. It runs on a daily interest excluding weekends, weekends are interest free. The repayment date is dependent on your salary date.
Repayment process is an automatic debit which involves binding of a bank card.
Your digital card/wallet refills after every repayment and this happens automatically once you pay back used funds.
Your credit limit (maximum credit amount that can be made available to you) is subject to your payment history and salary amount. As you increase your credibility by paying back at the required time, higher credit limits will be made available to you.
Basically, the Kwikee digital Credit Card works by giving you credit which means your available credit fills up again as you pay your debt.
● Representative Example of Kwikee Virtual Credit Card
If you have #50,000 in your credit wallet and you withdraw #30,000, the available balance in your wallet is #20,000. Once the repayment of the amount withdrawn is made, an automatic refill of #50,000 is made on your credit wallet.
Credit limit: #50,000
Amount Withdrawn: #30,000
Duration: dependent on salary date and repayment date (90 days for example)
Daily Interest rate: 0.95%
Total amount to be repaid: #55,650 for 3 months
Interest due reflects on your dashboard just below the amount withdrawn.
Cashback loans are accessible to investors on Kwik Max savings. The maximum loan amount is 75% of your fixed savings. Loan tenors would be based on the KWIK max tenor chosen, with an interest rate of 24% per annum.
Savings
To save on the Kwikee App, simply select the savings button and choose what works best for your finances per time.
Kwikee savings options is designed to suit various lifestyles, as it relates to your finances.
Kwik Lite allows you access to your funds any time you want. You can save any amount you want and still earn 10% interest on your money.
Kwik Max allows you lock funds for a minimum of 3 months. Your funds in Kwik Max cannot be broken but you can get 75% of it as a cash back. A minimum of #50,000 is required to begin with your savings and you get to earn up to 18% interest per annum.
With Kwik Goal on Kwikee, you can save any amount towards your long-term and short-term goals, and earn as much as a 12% interest rate per annum.
● Customer Information Security and Privacy
To ensure complete data confidentiality, the Kwikee app was created utilizing the highest security and privacy standards. We will ask for your consent to verify your personal and financial information when you download the Kwikee app. We will not share your information with third parties without your consent if you use our app.
We would love to hear from you.
Send us an email at [email protected]
