Here are answers to the most common questions we receive.
Frequently Asked Questions
Does kwai conduct credit checks?
Yes, Kwai may conduct credit checks as part of the approval process.
How long does it take to request a Line of Credit?
Requesting a Line of Credit is quick and easy, and you can complete the process online in just a few minutes.
How much money can I receive?
The amount of money you can receive will depend on various factors, including your creditworthiness and the lending policies of Kwai. Once approved, we will tell you the amount of your initial Line of Credit.
How can I apply for a Line of Credit?
Applying for a Line of Credit is easy! Simply complete our online application form, and we’ll guide you through the process.
Can I use the Line of Credit for any purpose?
Yes, you can use funds for any personal, family or household use.
How soon can I receive my funds?
Once your Line of Credit is approved, you can typically receive your funds within one to two business days.
What are the rates and terms for a Line of Credit?
Rates and terms for a Line of Credit vary based on individual qualifications, state-specific lending and Line of Credit guidelines, and the specific product offered by Kwai.
What should I do if I miss a payment or can’t repay my Line of Credit?
If you find that you’re having trouble making your payments as scheduled, please contact our customer service team. We work with many customers to meet their needs.
When and how do I repay my Line of Credit?
The repayment terms and methods will be outlined in your Line of Credit agreement. Typically, payments can be scheduled online or through automated withdrawals on specified due dates.
What happens if I’m late with a payment?
Late payments may incur fees, and it could impact your credit worthiness. It’s crucial to make payments on time and notify Kwai if you anticipate any difficulties.
How is my private information protected?
Kwai takes your privacy seriously and employs industry-standard security measures, including encryption, to help safeguard your personal information.
When can I get a line increase?
The eligibility for another Line of Credit will depend on factors such as your repayment history, creditworthiness, and Kwai’s policies. We will regularly review your account information and will inform you if you’re eligible for a line increase.
Is an extension possible on repaying my Line of Credit, and how many extensions can I get?
Kwai may offer extensions on payment due dates in certain situations. The number of extensions allowed will be subject to our policies.
What happens if I’m not able to repay my Line of Credit?
Timely payments are important. Missing payments could impact your creditworthiness and increase the amount of interest you pay. It’s important to communicate with Kwai to discuss payment options if you require. We are here to work with you.
