Kiakia Loan - All you need to know

Securing funding when they need it most is a challenge for many small business owners. Getting that money through a traditional bank loan is increasingly difficult.

That’s why alternative Lending services like KIAKIA loan has become a saving grace for small businesses.

KIAKIA loan offers a wide range of funding options, including working capital loans, merchant cash advances, equipment financing, invoice factoring, and term loans.

With so many alternative lenders to choose from, figuring out the best option can be a tough task for a small business owner.

So, this article will enlighten you on KIAKIA loan, one of the top ten online loans in Nigeria, and all it entails.

What Is Kiakia Loan?

The full name of this loan is the Sterling bank Kiakia loan as it is a subsidiary of the Sterling bank Group, one of the oldest Nigerian banks.

KiaKia is an online moneylender that provides direct personal loans at flexible rates, and also match borrowers with individual or corporate lenders at mutually-agreed rates.

They offer loans from N10,000 and N200,000 for a minimum duration of 7 days and a maximum of 30 days. It is no doubt one of the best loan apps in Nigeria.

Responsible borrowers who earn financial responsibility trust points over a period of time will be able to access much bigger amounts at longer tenure and more flexible interest rates.

Kiakia’s services are best for anyone looking for an unsecured personal consumer loan, individuals ineligible for typical bank or credit union loans and those facing financial hardship.

Who Is the Owner of Kiakia Loan?

Olajide Abiola Co founder at Kiakia Loan
Olajide Abiola Co founder at Kiakia Loan

Olajide Abiola is the Co-Founder/CEO of  He also has work experience at HomeAwayNG and ConSol Limited as the Regional Manager.

Ime Udoh
Ime Udoh

Experienced Chief Technology Officer with a demonstrated history of working in the financial services industry. Skilled in PHP, IT Service Management, Ruby on Rails, IT Strategy, python, Django, laravel, and CodeIgniter.

Strong information technology professional with a Master of Science (MSc) focused on Information Technology. from SRM University.

Chinelo Udechukwu

Chinelo is a credit analyst at  She has six strong years of experience in general office administration and client service.

She also has fluid interpersonal skills, tech-savvy and has the ability to work with individuals at all levels of an organization.

These are in addition to cross-sector experience in micro-finance service and legal practice.

How Does Kiakia Loan Work

The application for KiaKia Personal Loan has always been super simple and fast through their easy to navigate user interface.

You need to visit the KiaKia website and click on “Get a loan” option. When clicked a user-friendly chat will open for you and you can complete with your email.

From that moment you will be guided to all the necessary steps for the application. You can rest easy, the whole process takes no more than 15 minutes.

However, Before you can obtain any loans through their platform, you have to meet the following requirements:

  • A valid ID card
  • An email address
  • A bank account (Preferably a sterling bank account)
  • Bank verification number (BVN)

Did you know that Sterling Bank is one of the best banks to work in Nigeria? More so, it is one of the leading banks with great services and products.

How to Download KiaKia Loan App for iPhone and Their Website

The Kiakia loans can only be obtained through their website. There is no application on Android or iPhone that is endorsed by Kiakia as their official app.

The only way to apply for the loan is to go through their website at

It’s quite a straightforward process from the application to the point where you receive your cash.

You just need to follow the instructions we will outline subsequently in this article.

How Do I Apply For a Loan From KiakKia

  • Since there no available app to apply for the Kiakia loan, the first step then is to visit the Kiakia website as given above.
  • Then, click on the “Click to get a loan” to access the live chatbot.
  • Click on “Get a loan” to apply for a loan amount of your choice.
  • Kiakia chatbot will ask for an email address, input your email address.
  • If you are not yet registered with them, you will receive a 6 digit verification code through the email address you provided.
  • You can then proceed to input the 6-digit code into the chatbot.
  • The chatbot will then take you through the rest of the application.
  • This process will probably take about 15 mins,

A point to note, however, is that in some cases after you have completed your registration, you might be required to meet face to face with one of their agents.

To further determine if you qualify for the loan which could have been avoided if applying through an app like other loan platforms in Nigeria.

How Much Can You Borrow From KiaKia?

Through the kiakia loan website, you are allowed to borrow in the range of N10, 000 – N200,000 depending on your credit score, history and loan risk.

How Long Does It Take to Process a Loan?

You will normally receive your loan within 24 hours of a successful application through their website. It is one of the fastest ways of receiving loans through a website in Nigeria.

How Much Is Kiakia Interest Rate?

As outlined earlier in this article, This loan scheme is very affordable and comfortable for business owners and salary earners especially.

The interest rate kiakia loan offer varies among individuals depending on loan risk and your creditworthiness. Kiakia’s interest rate is typically from 5.6% – 24% and you also have 7 to 30 days to pay back.

Loan Repayment

  • Visit their web address through your browser, (and not a Kiakia loan app), then click on “Click to get loan”
  • Click on the “Repay a loan” button
  • The Kiakia chat bot will ask you for your email address. You are required to input the email address that you used when applying for the loan.
  • After providing this information, the chatbot will take you through the rest of the process required to pay back your Kiakia loan

What Happens When You Don’t Pay Your Loan?

Failure of payment of loans on the due date will attract severe penalties as you might be reported to the credit bureau of Nigeria.

Also, you may be forced to pay additional fees depending on the number of days of default and potential ban in order to stop you from taking loans from any other loan platform in Nigeria.


If you have a problem and need to speak to a Kiakia representative, you can either email them at or give them a call at 08093078377, 09055111140 or 08092245588.

Furthermore, you can also WhatsApp them via 08092245588

If you feel like visiting their physical office in Nigeria, they have a Lagos and Abuja location.

They include Dele Onabule Street, Magodo Brooks Estate, Lagos. And Suite S3, Pathfield Mall, 4th Avenue, Gwarinpa, Abuja.

Related: Kuda Bank app review – All you need to know

KIAKIA Loan Summary Notes

Going through this post, you can see that we just made your decision to apply for a loan through the Kiakia loan platform easier.

We’ve given you a step by step guide on how to successfully apply for a loan without any collateral, guarantors or any of the headaches banks put you through just to obtain a loan.

If you enjoyed reading this post and you feel it helped you get a good loan, consider sharing it with your friends who might be looking for collateral-free loans in Nigeria.

Ensure you go through their terms and conditions, check the interest rate and plan on how to pay back before accepting the loan. This is very important so as to know everything the loan entails before accepting to take one.

If you have any comments, additions or subtraction, feel free to get across to us through the comment box provided below. We sure would like to hear your opinion.

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