You can obtain a loan without providing any collateral using Palmcredit, a Nigerian loan application owned by Newedge Finance Limited. With Palmcredit, you don’t have to worry about offering guarantees in order to access your loans quickly.
The appealingly low interest rate is what makes Palmcredit special. He may have become well-known for lending money as a result in the nation. In this article i’ll educate you on how to borrow loan from Palmcredit App.
By downloading the Palmcredit app from the Google Play store, you can submit an application for a loan. The company wants to make using a smartphone app as simple as possible for obtaining short-term loans and cash advances.
Palm Credit App
The magic happened in Palmcredit. As previously stated, the Google Playstore app is the only way to access Palmcredit. You need to own an Android phone in order to use one of their services, which also includes buying airtime, data packages, and other things.
application for palm credit
Google Play Store application for Palmcredit
Get the Palmcredit Loan App now.
For the Palmcredit rental application to successfully install on your device, you’ll need about 8 MB of storage. Depending on your internet speed, installation can be completed in as little as five minutes.
Review of the Palm Credit App
It is easy to conclude that Palm Credit has a sizable user base given that it has received more than 70,000 downloads from the Google Play store.
It is evident from the reviews left by certain customers that the app has technical problems. The most frequent issue is loan repayment, and users who reject the card are reported as “not paying.”
How To Borrow Loan From Palmcredit App
To begin using the palmcredit app, you must; Borrow a loan through the app extremely easily;
1. Download Palmcredit
Palmcredit can be downloaded in two different methods. Visit their official website as a first resort. To download the app, you must provide your mobile phone number. Directly downloading the program from the Google Play store is the second option. Visit palmcredit.
2. Finish the registration process
Following a successful installation, you must register. You must adhere to the directions displayed on the screen. Please include all information requested by the platform.
You can also confirm your phone number. Your mobile phone will receive the code from Palmcredit. Simply enter the application code and finish the verification process is all that is required.
Loan application: After completing the registration process, you are now able to submit a loan application. It is as elementary as ABC.
3. Obtain consent
All you need to do is wait for the loan to be authorized if you have previously applied for one. Normally, it doesn’t take too long. Make sure you give the right details. You receive a loan once you have approval. Sending money directly to your bank account is an option. The process for obtaining a branch loan, a carbon loan, a falconer loan, a Quickteller loan, a Specta loan, a Page Financials loan, and a Renmoney loan will also be demonstrated.
Interest rate for Palm Credit
The annual percentage rate (SPC) for a Palmcredit loan is 48% to 56%, while the company’s interest rates range from 14% to 24%, or 4% to 4.7% per month. The loan’s maturity period ranges from 14 to 180 days. Palmcredit will lend you up to 100,000 Palm. Remember that you can change the maximum amount at any moment as well!
Repayment of the Palmcredit loan
It’s as simple to repay a Palmcredit loan as it is to apply for one. The steps to paying back your Palmcredit loan are as follows;
Access Palmcredit by logging in, then select “my loans.”
Choose how much you want to pay. Card payment is an option. Put in your card and payment details.
Page Reminder: You can pay using the account number if the app isn’t available. Prior to sending a direct deposit into their account, get in touch with their customer support. You can make a payment to Palmcredit at Access Bank, account number 0772692676. Transsnet Financial Nig LTD – Consumption Finance is the name of the account.
[email protected] is the email address you must send payment documentation to if you made a bank transfer payment. Get in touch with Palmcredit Customer Care
There is a customer care hotline for Palmcredit, which is open Monday through Friday from 08:00 to 17:30. Nigerian climate.
You can reach Palmcredit at 0700 7256 4357 with any inquiries or grievances.
Get a loan in Nigeria for as little as 100,000 N.
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Can you trust Palmcredit?
Palmcredit received CBN approval? The CBN has fully authorized the parent company, Newedge Finance Limited, to conduct business as a Nigerian financial institution. This indicates that every aspect of their functioning is governed. So yes. It is true that CBN has approved of Palmcredit.
Our opinion regarding Palmcredit loan
Their application process is quick and dependable, despite the fact that their interest rates can be quite high. To pay off debt more quickly, there are also flexible payment choices. A good renting platform is Palmcredit.
