Categories: Business Loans
| On 1 year ago

Speedy Choice – Everything you need to know

Unexpected financial emergencies can be frustrating. In this situation, many people opt for borrowing money from loan platforms since their loan process is easier and less rigid than banks. Speedy Choice is a loan company that provides loans for people in need. In fast and simple steps, they can give you an instant loan.

Speedy Choice

An Overview of Speedy Choice

Speedy Choice is a lender that provides loans for Nigerians in need. This platform is similar to other loan platforms that provide loans for individuals without collateral. Basically, these loan platforms save you from the stressful process that comes with borrowing from banks.  They have their branch office at Ojodu Berger and have their head office at Akute, Ogun state. This company was registered in 2018 with a business registration number of 1522460.

How can I apply for a loan on Speedy Choice?

Here’s how to borrow a loan from this digital loan platform:

1. First contact the company through any of the links you can find below. 

2. Next, inform them that you want to borrow a loan.

Lastly, wait for their agents to direct you on the next steps to take to borrow your loan. 

What is the loan tenure on Speedy Choice?

Basically, the loan tenure depends on the amount of money you borrow. If you borrow a small amount of money, they may give you a tenure of 1 month. However, the tenure for larger sums of money may take up to 3 months. 

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What are the requirements to borrow a loan from Speedy Choice?

There are some necessities you must meet to be eligible for the loan. They include: 

1. You have to live in Nigeria and be a citizen.

2. You have to be within the age bracket of 20 to 55 years.

3. You must have a credible source of income. Basically, this helps them determine the minimum and maximum amount of money you can borrow. 

4. The personal information you used during your registration must be valid.

How much can I borrow?

The loan amount you can borrow ranges from ₦3,000 up to ₦150,000. Basically, the amount of money you can borrow depends on your credit score. Your credit score increases when you borrow and pay it back in time. 

What is the interest rate?

This loan platform charges an interest of 5 – 10%. Also, the interest on your loan will increase for each day you default on your loan repayment. Hence, you have to pay back any loan you borrow on or before the due date.

Does Speedy Choice have a mobile app?

No, this company does not have a mobile application yet. However, if you want to borrow a loan or need to ask questions, just contact them. 

How can I contact Speedy Choice?

You can contact Speedy Choice via the following ways:

Address: 8, Ariyo, off Olutola street, Ojodu-Berger, Lagos

Phone Number: 07035514253 

Email Address:

Bottom Line

Speedy Choice is a money lender that offers collateral-free loans to individuals in need. With just your basic details, you will be able to borrow a loan of up to N150,000. Basically, this way makes borrowing easier, more convenient, and straightforward.

Need a loan? Kindly check out this platform that allows you to compare loans from several lenders in minutes. This would help you make the best decision for you.