Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.2

Kviku's pay off

Advertiser Disclosure

Kviku loan repayments can be made by bank deposit or bank transfer to Kviku account. After validating the transaction, Kviku releases the funds to you in seconds. On the other hand, receiving banks may take some time to process payments. You should receive the funds between 8:00 a.m. and 4:00 p.m. Monday through Friday. You will be able to receive your funds the next morning if your application is approved outside of business hours (for example, late at night). If you were authorized over the weekend, you wouldn't collect your money until Monday morning.

Steps to repay

To pay by bank card

  • Go to the company's official website and click the Pay button.
  • Fill in your credit card information (card number, expiry date, card owner, three-digit code on the back of the card).
  • Fill in the SMS confirmation code supplied to your phone number.

To pay by cash

  • You can do so by transferring funds to Kviku's bank account.
  • Click the Pay button in your Profile, then Bank transfer.

A new window will open with the bank data. You can pay at any bank in the area.

Important: Bank transfers can take up to 5 days to complete. Send the proof of payment with the date to [email protected] to avoid any trouble. This will help you avoid late payments.

Conditions of loan extension

If you're a first-time borrower, you can pay off your loan in as little as 60 days. As a regular borrower with a strong credit rating, you can extend the lending period to 180 days. You could be subject to additional penalties if you do not pay your loan on time.

Early payoff

You can pay your Kviku loan whenever you want once you've registered. A Kviku loan has a 60-day repayment period, but you can choose a different length. You can contact Kviku customer care for early payoff terms and conditions.

FAQ

How do I make a payment on Kviku?

When it comes to Kviku loan repayment, you can pay cash or use a credit card. You can pay on the Kviku website or at a bank near you. Keep track of the repayment dates because bank transfers might take up to 5 days. Always notify the company that you've made a payment so it doesn't go unnoticed and you're not fined for late payment. 

What happens if you don't pay back Kviku?

Kviku late payments do attract penalties. You’re advised to make your repayments on time to avoid increasing your debt amount. Remember late payments affect your credit rating as well. Your cash loan limit will stagnate or even reduce if you don’t pay on time. Kviku encourages responsible borrowing so you can enjoy progressively higher loan limits.

Can Kviku sue you?

When a customer fails to pay a debt, the company can choose an alternative strategy. 

Financial products
Kviku
Online Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
500.00 – 25000.00 ₱
Rate
i

Effective interest rate on the product

to 0.16 %
Term
i

Loan term for the financial product

2 months – 6 months
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₱500 - ₱25000
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Effective interest rate on the product

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10500.00 – 25000.00 ₱
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Effective interest rate on the product

from 11.90 %
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Loan term for the financial product

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Kviku loans calculator

Calculate loan payments in Kviku. Loans calculator will allow you to calculate an approximate payment schedule for the loan

Kviku calculator
Interest rates are given in accordance with the rates of the Kviku in Manila as of 23.05.2024
Loan amount
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Enter the desired loan amount

PHP
PHP
500 ₱
25000 ₱
Loan term
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Specify the loan term for the calculation

days
months
60
180
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All Kviku’s reviews by may 2024
Leave feedback
4
Disadvantages
Please address my concerns regarding my loan application and its processing. I am currently in the hospital for my mother, and while I have paid off my previous loan, I have yet to receive my newly approved loan and contract. I urge Kviku company to take appropriate action in this matter as soon as possible.
Complain
1.6
Disadvantages
Warning: This lender is predatory and extremely dangerous. Do not use this app for loans as they will trap you with impossible and maliciously high interest rates. Their lending algorithm is both predatory and harmful. Please be advised and avoid this app at all costs.
Complain
1.4
Disadvantages
I was charged an excessive amount by KVIKU. My last loan was approved on November 25th, 2022 for 5000 pesos. However, I have already paid over 8000 pesos, and now they are demanding an additional payment of 1711.73 pesos on February 23rd, 2023. This level of interest is unreasonable for a loan of only 5000 pesos over a two-month period.
Complain
1.8
Disadvantages
High Interest Rate. They approved my auto loan without discussing repayment options in full. Instead, they sent me a contract with scheduled payments, which is nowhere near the advertised 0.16% interest rate. Currently, the rate is at 2% per day. Although I received a 3k loan, the contract requires me to pay back over 9k within 135 days. Additionally, they refuse to allow early repayment, and even if I pay early, they still demand the full 9k amount. This is a clear scam.
Complain
Overall company rating
2.2
/ 5
4 reviews
Execution of an application
2.0
Support service
2.3
Mobile app
2.5
Service quality
2.0
Your satisfaction level
2.3
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