Kviku Lending Co. INC. is on the list of trustworthy lenders in the Philippines, and it has passed all the necessary audits stipulated by the country’s law. Its minimum loan amount is 1,000 PHP, the maximum is 25,000 PHP. For instance, for 10000 PHP for ten days, the fee is 0,16, the interest amount is 160 PHP, and the total repayment is 10,160 PHP.
Kviku is an automated service where you can get loans 24/7. The software of Kviku makes it possible to transfer money based on cutting-edge technologies instantly. So, you can download the mobile app of Kviku without a shadow of a doubt.
How to Get an Online Loan from Kviku?
To get a loan, first, you need to fill out the form online. Then, you’ll need to take a picture of yourself along with your ID. After that, you’ll have to wait for the approval of your application. In a couple of minutes, the company will send you a text message informing you as to whether you’re approved or not. Then, in 1 min, you’ll receive your money in your bank account.
First of all, to get a loan from Kviku, you need to have only one government-issued document, but it’s even better if you can show additional docs such as company ID and/or COE.
A would-be loanee is also required to have citizenship of the Philippines and be from 20 and 55 years old. A government-issued ID is also an indispensable requirement to get a loan. In addition, a working cell phone is also required. And you also need to be registered on the Kviku website.
Advantages and Disadvantages of Kviku
As far as the interest rates go, Kviku charges a minimal rate. According to the company officials, the daily rate is up to 0,16%. It is higher than that of Philippine banks but lower compared with other payday loan companies. There’s a loan calculator on the Kviku website.
The process of granting a loan is simplified. The company does all the paperwork for its customers. Every single procedure is done online. You won’t have to go to the office of the Kviku company. The time to get approval is up to 24 hours. There are no hidden charges whatsoever. So, you can find out what fee you’ll have to pay before.
You can repay your Kviku loan by navigating to the official website of Kviku and clicking the Repay button. Then, you’ll have to enter your card details (like the number of the card, its expiration date, and CVV number). Having done so, you’ll receive an SMS message with a confirmation code.
You can also repay your loan in any bank. Select the tab called Bank transfer, and bank details will pop up. Mind that it takes up to a few days to receive a bank payment. Apply to the support team of the company for further information. Having paid your loan, you can get another loan the next time.
According to Kviku, the company’s goal is to provide the people living in the Philippines the best possible loan service; if you don’t have a phone number, you can write them an email at firstname.lastname@example.org.