SANTO DOMINGO.- Qik Dominican Digital Bank, the country's first neobank, launched its Qik loans, a unique personal loan in the market with immediate approval and a fully digital application, from the bank's application.
A press release from Banco Popular Dominicana states that Qik Banco Digital customers can obtain a Qik personal loan with a repayment term of up to 48 months and will not incur penalties for early repayment or principal payments. Another benefit of the Qik loan is the automatic debit of loan installments from the Qik account, which contributes to a better customer experience.
Furthermore, Qik loans provide customers with a financing solution tailored to their individual circumstances, in a transparent and personalized way, allowing them to decide how much, how, and when they want to pay, in a simple and intuitive manner.
Innovation for inclusion: Create Credit
Qik Banco Digital is also introducing the Crea Crédito program to the market, a financial inclusion program for those who have never had a credit history or need to rebuild it.
They can do this through their Qik Credit Card and Qik Account, depositing a guarantee amount into their savings account that becomes their credit card limit. In this way, with Crea Crédito, the guarantee generates returns for the user, thanks to the account's 4% annual interest, while they build their credit history with card purchases and receive financial advice.
"This new way of acquiring a credit card makes Qik the most convenient option on the market to create or restore a financial history, while the money deposited grows, through a product adapted to your needs," the press release states.
The Crea Crédito program leverages the advantages of alternative data and puts them at the service of Qik's customers, along with timely and intuitive digital financial education initiatives that will guide them towards the optimal use of their banking products and services.
The ease of acquiring the Qik Credit Card through this program is just the first example of the type of initiatives that will make up Crea Crédito, which will continue to expand and offer more solutions that will positively impact thousands of Dominicans.
The neobank's objective is to promote the democratization of credit and a better quality of life, thanks to the intelligent use of the various financial products offered.
A growing banking experience
Qik Digital Bank thus continues the growth of its product portfolio, with a differentiated offering that remains in constant evolution and offers its clients a completely digital end-to-end experience, with lower costs and without visits to branches, under the promise of continuing to integrate new solutions that help people do more with their money.
In addition to the Qik Loan and the Crea Crédito program, the bank has recently implemented features in the Qik App such as the CASH Code for easy withdrawals from Qik Accounts. It has also added bill payments, automated savings goals, and real-time visibility into the performance of savings.
About Qik Dominican Digital Bank
Qik Banco Digital Dominicano began operations on November 15, 2022 with the vision of being a fully digital and inclusive bank, through a banking experience focused on empowering people with their finances.
Those interested in purchasing Qik products should do so through the Qik app or their website, Qik.do. They can also find additional information about Qik on their social media channels: @QikBanco on Facebook, Instagram, LinkedIn, TikTok, Threads, Twitter, and YouTube.
