How Direct Debit Works for Loan Apps in Nigeria?

Omotoyosi Popoola

Nov 12, 2025

Direct Debit is a repayment method that allows you to make repayments using your bank account on a scheduled date. Unlike other payment methods, it’s transparent, reliable, and consistent, helping both you and lenders stay on track. Understanding Direct Debit can help you enjoy faster loan approvals, hands-free repayments, and a more reliable borrowing experience.

Here’s how it works:

Set up: Add your bank information and pay a small activation fee (usually 50 Naira) to a designated bank account.
Automatic Repayments: Repayments are collected on the scheduled date

This process makes borrowing simpler, more reliable, and faster, giving you peace of mind as you access instant loans.

How do I Set-up a Direct Debit Mandate?

Step 1: Apply for a loan on QuickCheck

Step 2: Click/tap on the “Set-up Direct Debit” button on the Dashboard

Step 3: Enter your functional details, such as email address, phone number, etc.

Step 4: Transfer 50 Naira to the displayed bank account. Kindly note that the transfer must be made from the bank account you intend to use for the direct debit mandate.

Step 5: Tap/Click on “I Have Made Transfer” to complete the transaction.

Step 6: Authorise QuickCheck for future transactions.

Note: You approve it once

Why Use Direct Debit on Loan Apps?

You might ask: “Why not just pay manually?” Direct Debit offers several advantages over loan apps in Nigeria:

Faster Loan Approvals: Lenders trust borrowers who use Direct Debit. This can speed up approvals for instant loan apps in Nigeria.
Reliability: Your repayments are processed on time, every time. No more missed deadlines or late fees.
Transparency: You know exactly when and how much will be deducted, giving you full control.

Direct Debit vs Other Payment Methods

Direct Debit stands out because it avoids common issues with card payments. It ensures a smooth, dependable repayment process, which benefits both borrowers and lenders.

Trustworthy: Using Direct Debit signals responsibility. Similar to a card, a direct debit can improve your chances of faster loan approvals.

Efficient: Saves time for both borrower and lender, making the loan process smooth and stress-free.

Direct Debit is more than just a repayment method; it’s a reliable, transparent, and efficient way to manage loans. Borrowers enjoy hands-free repayments, while lenders gain confidence in timely collections.

Setting up Direct Debit increases your chances of getting approved for future loans on QuickCheck. By demonstrating reliability and responsibility, you make it easier for lenders to trust you and process your loans faster.