The constant rise in the cost of living in Nigeria makes it impossible for many people to afford homes. Many people are still homeless as a result of this ongoing issue. Kwaba is a digital platform that makes it simple and convenient to pay your rent. You’ll find all you need to know about the financial platform in the sections below.
- 1 Kwaba: A Quick Overview
- 2 1. Savings
- 3 2. Mortgages
- 4 3. Rent Now Pay Later
- 5 4. Emergency Funds
- 6 How can I sign up for Kwaba?
- 7 What are the documents required to register on Kwaba?
- 8 How do I apply for a loan on Kwaba?
- 9 What qualifies me to take out a Kwaba loan?
- 10 How Long Does a Kwaba Loan Take to Get?
- 11 Kwaba adds how much interest to my rent deposits?
- 12 What is the procedure for downloading the Kwaba app?
- 13 How can I get in touch with Kwaba?
- 14 Conclusion
Kwaba: A Quick Overview
Kwaba is a digital marketplace for Africans to finance their homes. Essentially, the business assists aspiring homeowners or renters in making payments for their homes in a convenient and flexible manner. You may have greater control over your rent and increase your financial health and capabilities with our platform.
The privately held financial firm was established in 2019 and focuses on delivering financial, real estate, loan, and savings services to Nigerians. This means you may utilize the site to pay for your property in affordable installments, save money, and obtain quick financing.
What kind of services does Kwaba provide?
Here is a list of Kwaba’s one-of-a-kind services for Nigerians:
You may effortlessly and conveniently save for your mortgage down payment or rent with this website.
Essentially, this aids you in achieving your home savings goals by allowing you to save alone or with family and friends.
Mortgages are delivered right to your door by this company. In a nutshell, they make it simple and accessible for you to own your ideal home. These mortgages are made to make sure that your real-life circumstances work in your advantage.
3. Rent Now Pay Later
You can utilize the site to supplement your rent or to seek help from relatives and friends. The organization will pay for you whether you want to renew your home rent or buy a new one.
4. Emergency Funds
When you need to cover unforeseen bills, use the site to get immediate loans. You will not be stranded during a financial catastrophe if you use the platform.
These services are designed to provide the finest financial, loan, and savings options for all Nigerians and Africans.
How can I sign up for Kwaba?
Follow the steps below to register on the Kwaba platform:
- First, go to the Play Store or the App Store and download the Kwaba mobile app.
- Fill out the online registration form with your information.
Submit the form for verification after you’ve filled in all of your information. You have successfully made an account after completing these steps.
What are the documents required to register on Kwaba?
You need these documents to register on the Kwaba platform:
- Your Valid BVN
- A recent Utility Bill
- Particulars about your work including your company name and address
- Your basic information like name, address, phone number, email address, etc
Finally, you’ll need a government-issued identification card, such as a voter’s card or a national identification card.
How do I apply for a loan on Kwaba?
Follow the procedures below to receive a Kwaba platform rent loan:
- First, create an account on the platform using your information.
- Next, provide the platform with some basic information about your lodging situation.
- Next, enter the cost of your rent as well as the amount you want to borrow to cover it.
Following that, the company will check your information, and you will receive your loan once it has been verified.
What qualifies me to take out a Kwaba loan?
You must be a regular saver in order to qualify for a loan. You can acquire rapid loans if you are a regular saver.
How Long Does a Kwaba Loan Take to Get?
The time it takes to obtain your loan varies from a few days to a month. The length of time it takes is determined by the amount you apply for and how quickly the platform can verify your information.
Kwaba adds how much interest to my rent deposits?
The platform has a high rate of return on investment. If you’ve unlocked your savings plan, you’ll get 7% interest every year. If your savings plan is still locked, you will receive 8% interest per year.
What is the procedure for downloading the Kwaba app?
Follow the steps below to get the company’s mobile app:
- Go to your Android device’s Play Store. Open the App Store if you’re using an iOS device.
- Then, in the search bar, put “Kwaba.”
Download the app and register to gain access to a variety of financial services.
How can I get in touch with Kwaba?
Kwaba can be reached at the following addresses:
Address: 131a Eti-osa way, Dolphin estate, Ikoyi, Lagos.
Email Address: email@example.com
Phone Number: +234 901 811 2914
Kwaba’s main business is providing financial services. Basically, the organization concentrates on assisting you in paying your rent in a more flexible manner. It also offers savings and loan options to help you deal with financial emergencies. Overall, the platform is beneficial, trustworthy, and dependable.