Kmimk Loan App, Review, app download, website

If you are looking for a quick and easy way to get a loan in Nigeria, you might have heard of Kmimk Loan. Kmimk is a new online lending platform that offers loans to individuals and businesses without collateral or documents. You can apply for a loan with just your phone and your BVN, and get the money in minutes. In this article, we will explain what Kmimk Loan is, how it works, and how to apply for it.

What is Kmimk Loan?

Kmimk stands for Kodak Money in Minutes Kodak, which is the slogan of the company. Kmimk is a registered loan company in Nigeria that grants loans to people who need money for personal or business purposes. Kmimk claims to offer loans up to N200,000 at low-interest rates and flexible repayment terms. You can use the loan for anything you want, such as paying bills, buying groceries, starting a business, or solving an emergency.

How does Kmimk Loan work?

Kmimk Loan works through a mobile app that you can download from Google Play Store or their website. To apply for a loan, you need to register on the app with your name, phone number, BVN, and other details. You also need to link your ATM card to the app and pay a verification fee of N30. After registering, you will see the amount of loan you are eligible for on your dashboard. You can select the loan amount and duration, and wait for approval. If approved, the money will be sent to your bank account within 30 minutes.

 ‎Kmimk Loan App requirements

To qualify for a Kmimk Loan, you need to meet the following criteria:

– You must be a Nigerian citizen or resident

– You must be at least 18 years old

– You must have a source of monthly income

– You must have an active bank account

– You must have a valid BVN and phone number

– You must have a good credit score and no outstanding loans from other lenders

– You must have a valid government-issued ID card

How to apply for a Kmimk loan

To apply for Kmimk Loan, follow these steps:

– Download the Kmimk Loan app from Google Play Store or their website

– Open the app and sign up with your name and other details

– Verify your BVN and link your ATM card (you will be charged N30)

– Check your dashboard and select the loan amount and duration

– Wait for approval and receive the money in your bank account

See also: List Of USSD Codes To Borrow Loans In Nigeria

What are the Kmimk Loan interest rates?

The interest rate terms for Kmimk Loan vary depending on the loan amount and your credit score. The interest rate ranges from 10% to 25%.

Kmimk Loan Repayment

 The repayment period ranges from 7 days to 90 days. For example, if you borrow N10,000 for 30 days at a 15% interest rate, you will pay back N11,500 at the end of the month. You can repay your loan through your ATM card or by transferring money to their account number. You can also repay before the due date to improve your credit score and increase your loan limit.

What are the benefits Kmimk Loan?

Some of the benefits of Kmimk Loan are:

– It is fast and convenient: You can apply for a loan anytime and anywhere with your phone

– It is flexible and affordable: You can choose the loan amount and duration that suit your needs and budget

– It is accessible and inclusive: You don’t need collateral or documents to get a loan

– It is transparent and secure: You can see all the fees before applying for a loan.


Kmimk Loan is a new online lending platform that offers loans to Nigerians without collateral or documents. You can apply for a loan with just your phone and your BVN, and get the money in minutes. However, you should be careful before applying for an online loan, as there are some risks involved. Make sure you read reviews from other customers, understand the terms and conditions, and repay your loan on time.

See also: CCTB Payday Loans – Applying For A Loan With The Canada Child Tax Benefit

Locate and click on the loan in your dashboard.

In a single transaction, the Kmimk loan application may give you up to N100,000 without collateral or a guarantor.

You may not be able to borrow this much as a first-time borrower, but as you continue to borrow and repay, the amount you can borrow will increase.

Kmimk Loan App requirements

Similar to other loan applications, Kmimk has several requirements you must meet to qualify for a loan.

You must have a BVN and bank account

BVN will be used to check your credit score and how much goes in and out of your account. If your bank account carries heavy transactions per month, the amount of loan you will be given will be high. A Bank account is also compulsory, you need to have a bank account, and this is where the loan will be disbursed to.

You must reside in Nigeria

Kmimk loan company give loan to both Nigerian citizen and non-Nigeria citizen as long as they reside in Nigeria. Though you need to have BVN before your loan will be approved.

You must be above 18 years of age

To get a loan from this app, you need to be an adult, your age should be above 18 years of age, and should be under 60 years of age.

It is a glaring fact that under age have no income source to pay back loans and people above 60 years of age are too old to work.

You must not have defaulted before

If you have defaulted on a loan before, do not bother downloading Kmimk loan app, as soon as you input your BVN it will show how much you are owing.

You should have a smartphone

Though this is not mandatory, you should have a smartphone, where you will download the app and apply for Loan.

Kmimk interest rate

The Kmimk interest rate on loans is between 5% and 15%, depending on the amount borrowed and the length of the loan. The repayment time spans between seven days and three months. as well as the amount of the loan obtained.

Why Kmimk loan

Below are the good things about the Kmimk loan app.

Fast disbursement

They are very fast in disbursing loans, within 24 hours of successfully applying your loan will be disbursed. What can cause a delay is when you did not set up your account properly.

Quick approval

They are not like Banks that will take an eternity before they will approve your loan. It is instant approval as long as you meet up with their requirement.


Their target is individuals, and getting a personal loan from this app is very easy.

How do I repay my KKmimk loan?

You can make repayment for the loan with a debit card through their website or by contacting Kmimk and requesting their account numbers.

When making a payment using Kmimk account number, ensure that it is the correct account number to avoid any potential problems.

After making a payment, the amount will be displayed on your dashboard.

If it does not, you must make contact with them.

What if you don’t pay it back?

If you fail to pay, you will be penalized with a late fee, or if you opt not to pay it back in full, your name could be reported to credit bureaus as delinquent, preventing you from obtaining loans in Nigeria until you have fully repaid your loan.

The ideal solution is to pay off the debt before the deadline to avoid unnecessary issues with Kmimk.

Is Kmimk Loan Application legit?

Kmimk Loan is real and provides loans to individuals who want them, however, they are not authorized by CBN or any Nigerian financial organizations.

You should only use Kmimk Loan if you fully understand their terms and conditions.


Kmimk loan is a go-to if you need quick cash, it is your best bet when a bank loan is not forthcoming. They do not waste time if you submit the right details you will be given a loan within 24 hours.

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