Wow! So I got something pretty Good for most Startups in Nigeria, an average Nigerian Youth, and those of you, who peradventure, got in need of some financial demands on an improptu basis in Nigeria.

These Two companies has come to help you meet up with your sudden urgent financial demand, I am talking about Paylater and QuickCheck, these two run a totally Collateral Free Loan, via your Mobile Devices, You can easily access Loan from anywhere in Nigeria.

I will review them quickly, especially from my experience with them, and how you can install their apps on your mobile and utilizes them!

I have come to realize that, Parents who have to pay for School Fees and Business Start-up folks will enjoy this service the most, because these two cateory of people, always have sudden financial needs, that they must meet up with.

In The Case of, all you have to do is Simply to go Playstore on your Mobile, and search for QuickCheck, and you download the one with the Icon (Image) below;

That is the right one, you will download the application on your Mobile Devices, and install it, then open and fill up your profile details, accurate information, bank details, home address, work/Business Details and so on.

QuickCheck will loan you with minimum of #10,000 in the first time, and if you pay back, well,on time (Before the deadline, which is alwyas 30days)… You will be eligible to move to #15,000 but the maximum you can get from is #30,000 which I believe, is still fair, though i wish they can increase the maximum as time goes by!


Failure to return the money on your deadline will attract Bad Credit, which might eventually sabotage your tendency of getting loan in the future from Quickcheck.

I think, the only drawback with Quickcheck is the mazimum #30,000 Threshold, i really wish, they can increase it.


Now, Let’s Talk about

For the growth and advancement of SMEs in Nigeria, Paylater offers a very good system of money lending, without any collateral, you can start with #10,000 and when you return it faithfully, you will be eligible to access Bigger Loans, which has a maximum of #100,000.

This is possible without Collateral, as you grow your points, by paying back your borrowed Loan on time, before the deadline.


For everytime you pay back, on time, before the appointed date, you earn 200 Points, the accumulation of these point is what determines, how much Money, you can access as Loan on the platform, the more your Points, the higher your Loan Amount!


I have a very good time growing my Points and Loan amount on, it’s been an awesome experience, peradventure, there could be a urgent need for Money, or you wanna start a Business, and you need some money, this is just the best Option to go for!

To Get Started;

Go to Google Playstore and search the app “PayLater” download, Install, Register and fill up your Profile details, with bank details, BVN, Email address and other information, just to get up with you, and to prove you are reliable and trust worthy to be borrowed some money to!

With just an Android device and basic requirements, you can apply for a Paylater loan 24 hours a day, 7 days a week with a quick application process that lets you know your status within minutes.

No collateral, guarantors or application fees required. Just a few clicks of a button.

They currently offer two loan packages:

PAYLATER (loans available to all) & PAYLATER PLUS (loans for salary earners). I’ll discuss both in a bit more detail below, so you can decide which best fits your needs.

If you take a loan and pay back on time, it qualifies you to take a higher loan in future. I am not affiliated to this company but because I love to share information that will be useful to you in one way or the other, that is why I am sharing this information with you and to prove to you that this company is legitimate as they claimed. I decided to test their service for confirmation purpose. And I am going to show you all the steps I took to get this done.

Let’s head on to their website

paylaterClick on log in/register.

You will log into their website through your Facebook account .


Click on Okay

paylater6If the name on your Facebook account matches the one on your bank account, click on YES


Complete the registration form

You will answer all the questions truthfully. They will ask you personal questions including your BVN. Fear not, they only need this to confirm if you are genuine or not. They will also ask you for your account details. If you answer all the questions appropriately, you will be able to submit the registration form and a verification code would be sent to your phone. Once you are logged in, you will then request for the loan that you want.

As at the time of writing this post, the minimum amount they can give you is N10,000 and the interest rate on N10,000 is N1,500 if you decide to pay back in 14days as you can see in the image below. Your account would be credited in 24hours and you will be given the due date to pay back the loan. As of now, they give loans up to N500,000


I don’t need the loan, I only applied for it so I can write this report, I got an alert on my phone within just 2hours of applying for this loan. So you can confidently ask for a small loan on the website and pay back within 2 weeks or one month. Please note that, paying back in one month would attract an interest rate of N3,000 while paying back in 2 weeks would only attract an interest rate of N1,500.

I paid back in less than 24hours that I got the loan and I still paid the normal interest rate they charged me which is N1,500 on the N10,000. So even if you paid back earlier than the time you selected, they would still charge the same interest rate


See how I paid back the loan after I got it.

Once you log into your dashboard, you will see the current loan you have applied for and you will also see the PAY NOW button. Click on it and the page below would come up.

paylater4I selected mastercard because I intend to use my atm card to pay online. If you want to make the direct deposit into their account, you will click on Cash payment and their account details would be displayed. If you want to pay online using your atm card like myself, click on the button with mastercard logo and the page below would come up


Enter your credit card details appropriately and click OK once you are done

The transaction would be processed in few minutes and the payment would be settled as you can see displayed below


With Paylater, getting funds have never been easier. Whether you’re a student, business owner, salary earner, or just in between jobs and in need of funds, Paylater can help meet any urgent cash needs you have.

Here is what they wrote on their site regarding their service….Read below

With The Paylater Ladder, we help you build your credit and progressively obtain larger loans with continued usage of our service.

Build up your credit rating by being an awesome borrower!

With a robust rewards system that increases your level as you display good borrower patterns — such as repaying loans on time and referring friends to the service — you can quickly rise up the ladder and be trusted for larger loans with longer repayment periods.

You can also chat with our agents directly in the app to help resolve any questions or account issues that may come up. We’re always happy to be of assistance!

Try out any of the app’s several features — you’re rewarded for consistent usage


Are you a salary earner?

Have you been in your current employment for at least a year?

Do you earn a consistent monthly income?

If you’ve answered yes to all these questions, then why waste weeks applying for a traditional loan when you can be approved and receive funds in no time at all?

With Paylater Plus, say goodbye to long and inefficient processes and get a loan of up to NGN500,000with complete convenience.

Cut out the middleman: Paylater Plus puts the power in your hands, not a sales agent.

Paylater Plus requires additional documents to verify the information provided on your application. If you are asked to provide documents, you may submit by uploading directly in the app, or send an email with the below documents attached for review.

Our rates are competitive and vary depending on how many points you have earned, with loan repayments spread out over monthly installments.


It’s simple! Just follow the steps below to apply for a Paylater loan:

1. Download the Paylater app here

2. Register your personal details

3. Choose your desired loan amount and duration

4. Submit your application. You will get a loan decision in seconds.

5. If approved, your account is credited within 30 minutes.


Paylater is a service provided by One Finance & Investments Limited (RC No: 1044655), a licensed Finance company. You may contact us here for more information and feedback:



If you find this post useful, feel free to share this post with your friends and family and remember to ask questions and share your views in the comment section below.

Happy Easter celebration to you and your family…

Memo– This message is for people who are skeptical about giving out their BVN. To the best of my knowledge, BVN is a Bank Verification Number, meaning, it can only be used for verification purposes.

It can also be used in cases of Fraud. Therefore, to this company, your BVN is just like a collateral. If not, why would a company that does not know you from Adam be willing to part with their money just like that?

If you refused to pay back the loan, how will they be able to take a legal action against you?

If you are saying that someone can take money from your account without your permission through your BVN, does it now mean that, if you should write your BVN somewhere and someone gets to see it, that means for security reasons, you need to go back to your bank and request for a new BVN ?

Let’s not be too ignorant about certain things, BVN is not your atm Pin or card details. It is simply a verification number used for verification purposes and if you are still not convinced, you don’t need to bother yourself about taking a loan from this company. You can simply ignore the information.

A lot of people have benefited from this information already. It is a matter of choice not a must. Thanks for reading