Frequently Asked Questions

Frequently Asked Questions

Is Quick Capital authorized to provide loans in Ghana?

Yes. Quick Capital is licensed by the Bank of Ghana to provide loans.

What are the fees to use Quick Capital?

There are NO UPFRONT FEES for using the Quick Capital mobile app or applying for a Quick Capital. We charge a processing fee which will be disclosed to the customer prior to accepting a loan, and are paid only after you get your money, when your loan is due for repayment.

What can I use the Quick Capital Loan for?

can use the loans to grow their small businesses. Loans should not be used for illegal activities

What are the eligibility requirements?

To qualify for a Quick Capital loan, you need a valid ID and Mobile Money.

1. ID Type: Driver’s License, Voter ID, National ID or Passport
2. Mobile Money account: MTN Mobile Money, Vodafone or AirtelTigo Money registered in your name.
You must be a resident in Ghana over 18 years of age.

How much is the interest rate?

The interest rates for new customers start at 30% for 8days, the interest amount is displayed in the app before applying. Returning customers having a good history of paying your loans with Quick Capital on time get chances to take highter loans.

How long does it take to approve my request?

Within one minute after submission,a revew officer will call you to confirm your detail and pass the loan.

Quick Capital app evaluates each loan application and reserve the right to reject some applications. The decision cannot be reversed and we can only recommend you to apply again after sometime.

My request was approved. What do I have to do next?

Please read carefully the instructions displayed in the app when the loan has been approved. The instructions will either inform you to approve the loan agreement within the app to complete the process, or visit a branch for processing. Please see the Contact section for opening hours and directions to our branch.

Where and when will my By Quick Capital Loan be paid?

After fully completing the process, the loan is paid out instantly into your MOMO account. We will notify you by SMS of the transfer.

How will I repay the Quick Capital Loan?

When the loan becomes due, pay either on the Quick Capital App by clicking on the repayment button,
or You pay with our USSD Code or We request payment for you.

What will happen if I can't repay the Quick Capital Loan on-time?

there will be overdue penalty of 2% will be added, to avoid the overdue penalty, you can apply for extention to add more days to your loan days. it comes with a cost.

What is the min/max loan amount?

First time borrowers are eligible for a maximum of GHS5000. The loan term must be selected in the app when applying.

Paying your loan on time can get you a higher amount and reduced interest as you climb the ladder up to a maximum amount.