How to Borrow Money from Kiakia in Nigeria: When it comes to fast, collateral-free loans in Nigeria, KiaKia Loan stands out for its speed, flexibility, and innovation. With loan amounts starting from ₦10,000 up to over ₦200,000 and interest rates ranging between 5.6% and 24%, KiaKia is designed to meet short-term financial needs quickly. As its name implies — “KiaKia” meaning “quickly” in Yoruba — the platform was built to give Nigerians instant access to funds for emergencies, personal needs, and even business investments.
But what truly sets KiaKia apart is that it combines conventional lending with a peer-to-peer (P2P) investment platform, allowing individuals to either borrow money or invest in loans and earn returns.
If you’re considering taking a loan from KiaKia or investing through their system, this guide gives you the most detailed and fully updated breakdown of how it works, including eligibility, interest rates, application process, loan code, and more.
Table of Contents
What is KiaKia or Kiakia Loan?
KiaKia is a Nigerian digital lender operated by Sterling Bank-backed KiaKia Bits Ltd., a licensed and regulated fintech company that provides quick and affordable short-term loans to eligible Nigerians. Unlike some traditional loan platforms, KiaKia uses artificial intelligence and data science to assess loan applicants’ creditworthiness.
The platform is available online through their official website and supports loan access via USSD code, making it easy to apply whether you have a smartphone or not.
KiaKia Loan Features at a Glance
| Feature | Details |
|---|---|
| Loan Amount | ₦10,000 – ₦200,000+ (can increase over time) |
| Repayment Duration | 7 days to 30 days (or longer with record) |
| Interest Rate | 5.6% – 24% depending on loan terms |
| Collateral Needed | None |
| Application Mode | Website or USSD (*448#) |
| Credit Check | Yes, credit history and income analyzed |
| BVN Required | Yes |
KiaKia Loan Requirements: Who is Eligible?
To qualify for a loan with KiaKia, you must:
- Be a Nigerian resident
- Be at least 21 years of age
- Have a Bank Verification Number (BVN)
- Own a functional Nigerian bank account
- Provide a valid email address and phone number
- Have verifiable source of income
- Agree to a basic creditworthiness evaluation during application
There is no need for collateral or guarantors, but if you have a poor credit history or defaulted loans elsewhere, your application may be rejected or restricted to a low loan limit.
How to Apply for KiaKia Loan via Website
You can apply for a KiaKia loan directly on their website in just a few simple steps:
- Visit the official KiaKia website: Go to www.kiakia.co
- Create an account: Sign up using your phone number and email. You’ll receive a verification link or OTP to continue.
- Complete your profile: Fill out your personal details including your BVN and employment or income status.
- Input loan details: Enter the loan amount you need and your desired repayment duration.
- Submit the application: KiaKia will run a background check using your financial data to determine your credit score.
- Receive disbursement: If approved, the loan is transferred to your bank account within minutes.
The entire process is automated, and customer support is available via chat during business hours if you need assistance.
How to Apply for kiakia Loan with USSD
If you don’t have access to the internet or a smartphone, KiaKia allows loan access via USSD code. Follow this steps:
- Dial
*448#on your phone - Select “Request Loan”
- Follow the on-screen instructions to apply
Note: Ensure your phone number is linked to your bank account and BVN to avoid errors during processing.
KiaKia Interest Rates Explained: How Much Do I Pay?
KiaKia offers interest rates starting from 5.6% and going up to 24%, depending on:
- Loan amount
- Repayment duration
- Credit history
- Employment/income stability
They do not apply a flat interest rate for all users. Instead, the interest is dynamically calculated based on risk assessment. For example:
- A ₦20,000 loan over 14 days might attract ₦1,600 interest (8%)
- A larger loan with a longer tenure may attract a lower monthly rate due to trust level
All fees and interest are shown clearly before final submission, and you must agree to the terms before receiving the loan.
KiaKia P2P Lending and Investment
One standout feature of KiaKia is its Peer-to-Peer (P2P) lending platform, where individuals can fund loans for vetted borrowers and earn returns between 12% and 40%, depending on duration and risk level.
How It Works:
- You register as a lender via the P2P platform
- Choose borrowers or loan categories to fund
- KiaKia facilitates the repayment and monitors borrower behavior
- You receive periodic returns (monthly, quarterly, or annually)
This option is ideal for Nigerians looking to invest idle funds into a regulated lending platform with passive income opportunities.
Note: KiaKia P2P investment comes with risks, so investors are advised to review terms and start small.
Loan Repayment Options
KiaKia offers flexible repayment options to borrowers.
1. Auto Debit
You can authorize KiaKia to automatically debit your bank account on the due date. This is seamless and prevents late charges.
2. Manual Bank Transfer
Borrowers can manually repay the loan by transferring the amount to the KiaKia loan account details provided in their dashboard.
Always ensure repayments are done on or before the due date to avoid penalty charges and damage to your credit score.
Loan Extension and Rollover
If you’re unable to repay your loan on the original due date, KiaKia offers a loan extension feature. You can apply for a rollover which allows you to shift your due date by a few days (additional interest may apply).
To extend:
- Login to your KiaKia account
- Select your active loan
- Choose “Extend loan”
- Review the new repayment terms and confirm
Is KiaKia Legit and Safe?
Yes. KiaKia is operated by KiaKia Bits Ltd., a licensed digital financial services company with a regulatory partnership with Sterling Bank. All customer information is protected with modern encryption technology, and their lending process complies with CBN and NDIC guidelines.
Kiakia Loan Contact Details
You can reach KiaKia loan through multiple official channels for inquiries, support, or complaints. Below are the verified contact details:
- Phone Number: +234 906 687 7746
- Email Address: helpdesk@kiakia.co
- Office Address: PLOT 395A Etang Obuli Crescent, off Idris Ibrahim Crescent, Obafemi Awolowo Way, Jabi, Abuja.
You can also connect with them on social media:
For more help, you can visit their FAQs page or explore tools like the Loan Calculator.
Frequently Asked Questions
Q: Can I download KiaKia from the Play Store?
A: The main loan platform is available only via their website. The P2P investment platform has a downloadable mobile app on Google Play.
Q: Is a BVN compulsory for KiaKia loan?
A: Yes. Your BVN is used for identity verification and credit scoring. Without it, your loan request cannot be processed.
Q: Does KiaKia require collateral?
A: No collateral or guarantor is needed.
Q: What if I miss my repayment?
A: Late repayments will attract additional interest and negatively impact your credit rating.
Conclusion
KiaKia Loan is an excellent option for Nigerians in need of short-term financial help without the bottlenecks of traditional banks. With no collateral requirements, automated disbursement, and the unique ability to invest in peer loans, KiaKia gives users both borrowing and earning opportunities.
Whether you need cash urgently or you want to grow your money by lending to others, the KiaKia platform delivers value — as long as you understand the terms and repay on time.
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