The use of mobile apps to apply for loans online is now a common phenomenon, not only in Nigeria but across the world. These services of online lenders like Kwikpay Credit are designed to provide fast access to funds, often with minimal paperwork and a rapid approval process.
Adding a debit card on an approved loan platform like ours is crucial for a successful loan application to ensure security and build trust necessary for a financial transaction.
Bank debit cards are widely used in online transactions to also improve user experience and for loan repayment, if the loan application is approved.
For Kwikpay Credit loans, it is imperative for every customer to successfully add their debit card in order to be considered for any type of loan desired. We will never share your data information, as we take the issue of data protection very seriously.
WHY SHOULD I ADD MY CARD?
Adding your card, also known as card tokenisation, is a secure and essential step in completing your loan application on KwikPay Credit. Here’s why:
1. Enhanced Security: Tokenisation protects your real card details from exposure or fraud. Your sensitive information isn’t stored or shared, ensuring your safety from impersonation or unauthorised use.
2. Seamless Repayments: With your card securely added, your loan repayments become smooth and automated, helping you avoid defaults and improving your credit history.
3. One-Time ₦10 Verification Charge: At the point of adding your card, a small ₦5 charge may occur. It’s simply a quick check to confirm your card is active and chargeable. It ensures your card is ready for future repayment and helps verify your ownership.
4. Regulatory Compliance: Adding your card aligns with financial regulations designed to protect users and prevent fraud. It’s part of building a secure, verified lending system.
5. Trust and Transparency: KwikPay Credit only uses your card details for authorised loan repayment, nothing more. There are no hidden charges or unauthorised deductions.
Adding your card gives you access to better loan offers, faster disbursements, and a trustworthy borrowing experience. You might also like…Build a Healthy Credit Lifestyle: A Guide for Nigerians Using Loan Apps
Trafalgar Associates, the owners of Kwikpay Credit, is approved by the Government and FCCPC (Federal Competition and Consumer Protection Commission) as a legal digital lender and offers Kwikpay Credit—a unique loan product with a 62-day repayment option for short loans. We also offer instalment loans with tenures up to 6 months.