Quickbucks by Access Loan – A Comprehensive Lender Review

Quickbucks by Access Bank loan

QuickBucks by Access Bank offers a digital lending platform in Nigeria, providing quick and easy access to loans. This service is designed to meet the immediate financial needs of individuals, with loan amounts up to ₦2,000,000.

Quickbucks by Access Review - Summary

Quickbucks by Access Review - Summary

  • Loan amount: Up to ₦2,000,000
  • Loan term: 30 days - 12 months
  • Monthly Interest rate: 2.3% - 15%
  • Origination Fee: n/a
  • Monthly Fee: n/a

Requirements to get a loan:

  • Bank Verification Number (BVN)
  • Phone Number
  • Bank Account
  • Not Limited to Access Bank Customers
  • Fast Loan Disbursement
  • Seamless Mobile Application
  • High Loan Fees
Jump To:

Loan Accessibility and Requirements

QuickBucks is available to anyone in Nigeria with a Bank Verification Number (BVN) and a phone number. The platform offers loans ranging from a minimum of 30 days to a maximum of 12 months. Interestingly, customers are not limited to Access Bank account holders, broadening its accessibility.

Interest Rates and Fees

QuickBucks offers interest rates ranging from 2.3% to 15%. The additional fees, such as the management fee and credit life insurance, can add to the overall cost of the loan, making it essential for borrowers to understand the full financial implications before applying.

Pros of QuickBucks’s Lending Services

  • Accessibility to Non-Customers: Loans are available to individuals who are not Access Bank customers.
  • Fast Disbursement Time: QuickBucks is known for its rapid loan processing and disbursement.
  • Seamless Mobile Application: The platform provides a user-friendly mobile experience, making loan applications and management convenient.

Cons of QuickBucks’s Lending Services

  • High Loan Fees: There are several fees associated with loans, including a management fee of 1%, credit life insurance ranging from 0.3% to 1%, and an optional 1% advisory fee for instant business loans.

Customer Sentiments

There are no available reviews on platforms like Trustpilot or Pissed Consumer, which limits the understanding of widespread customer experiences with QuickBucks. This absence of online feedback could be due to various reasons, including a preference for direct communication with the bank or limited online review culture among users.

QuickBucks’s Response to Feedback

The lack of visible customer feedback on popular review platforms makes it challenging to assess QuickBucks’s responsiveness to customer concerns and feedback.

Security and Privacy

As part of Access Bank, QuickBucks is expected to uphold high standards of data security and privacy. However, specific details about their data protection practices are not prominently disclosed on their website.

Our Opinion

QuickBucks by Access Bank offers a convenient and accessible loan service with a user-friendly mobile application. The platform’s ability to serve non-customers is a significant advantage. However, potential borrowers should be mindful of the high loan fees and ensure they fully understand the terms and conditions, especially regarding fees and interest rates.

Wrap Up

QuickBucks stands out for its quick loan disbursement and broad accessibility. While it offers a convenient solution for immediate financial needs, the clarity of loan terms and the understanding of associated fees are crucial for borrowers. Prospective borrowers are advised to carefully review the terms and seek clarification where necessary before proceeding.

How Credit Nigeria Works

It’s that fast and simple.

Woman comparing loans