KwikCash Personal Loans Review

KwikCash Personal Loans is offered by KwikCash Inc., a direct lender founded in 2008 and based in Irvine, CA. KwikCash Personal Loans is available in 6 states across the USA.

• APRs starting at 87%. Interest rates vary by state. Personal loan interest rates typically range between 5% and 36%. The starting rates for KwikCash Personal Loans are on the higher end of the spectrum.
• Fast access to funds. In some cases you can get your money within 1 business day.
• Hard credit pull required. You can't check your rates or see if you prequalify for KwikCash Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• No origination fee. KwikCash Personal Loans does not charge a loan origination fee.
• No late fees. Missing a payment can seriously damage your credit, but KwikCash Personal Loans will not charge additional fees if you miss the due date on a payment.
• Cosigner applications accepted. Applying for KwikCash Personal Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
• Short loan terms. KwikCash Personal Loans offers loan terms as short as 6 months. Most personal loans have a minimum term of 12 to 36 months.
• Minimum income of $30,000. You will need an annual income of at least $30,000 to apply for KwikCash Personal Loans, which is above average for the lenders in our database.

What interest rates and personal loan terms does KwikCash Personal Loans offer?

KwikCash Personal Loans has higher interest rates than the average for lenders reviewed on SuperMoney.

What fees does KwikCash Personal Loans charge?

What do you need to qualify for KwikCash Personal Loans?

To qualify for personal loans with KwikCash Personal Loans, applicants need a minimum annual income of $30,000 or higher. KwikCash Personal Loans only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the KwikCash Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by KwikCash Personal Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid personal checking account
• Recent pay stubs
• Proof of income
• Driver's license

What is the estimated funding time for a personal loan via KwikCash Personal Loans?

KwikCash Personal Loans will typically approve (or deny) a loan application within 24 hours and fund loans within 2 business days of approval.