KwikCash Online is based in Irvine, California, and was launched in 2008. It provides high-interest unsecured personal loans to people with average to poor credit. KwikCash has an A with the Better Business Bureau. Rates are high, but they are lower than the rates for payday loans, which is the only alternative for many of KwikCash's customers.
How Does Kwik Cash Work?
Apply online or over the phone. If successful, the funds will be deposited in your bank account within 24 hours. Eligibility requirements are not demanding, but applicants do need to have a stable job and an active bank account to qualify.
What Are Kwik Cash's Rates and Fees?
Rates vary by state and credit worthiness. The minimum rate is 69% APR and the maximum rate is 135% APR.
How Much Money Can I Borrow from Kwik Cash?
Loan amounts range from $2,500 to $5,000. Loan terms vary from 36 to 48 months. The longer the term, the lower the rate. There are no prepayment penalties. You can repay the loan sooner if you want, which could substantially reduce the overall cost of the loan.
What Is Kwik Cash's Loan Application Process Like?
KwikCash has a simple and fast application process and there are no loan fees to worry about. Just fill in an online application, send ID and proof of income, and you could have cash in your bank account within 24 hours. However, unlike other high-interest lenders, KwikCash will perform a hard pull on your credit through Experian, which could ding your credit score.
How Is Kwik Cash Better Than Other Lenders?
KwikCash offers a viable source of cash for borrowers with poor to fair credit. The application process is simple, requires minimal documentation and the rates are much lower than payday loans.