Palmcredit loan app review – Are you thinking of a way of making money to enable you to solve some financial issues, your family might not be able to give you the money you need to meet these demands? The next thing that might be on your mind is to get a loan
Getting a loan from commercial banks is quite difficult, the process is stressful as you will require paperwork and also collateral just to discourage other people.
The record has shown that there has been an increase in the number of apps and platforms that offer small loans to students, entrepreneurs, and business owners.
Palmcredit is an online loan platform that offers you a loan without collateral and you can usually get this loan in minutes, as long as you meet all the requirements.
The palmcredit loan offers loans with a relatively low-interest rate and with little or no fees attached to your loans.
The palmcredit loan app is just one of the many online loan apps that offer you instant loans in Nigeria, others include the Renmoney loan app, branch loan app, and many others.
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In this article, I will be sharing the palmcredit loan app review and all you need to know
What is palmcredit?
Palmcredit is an online loan platform that offers you a loan without collateral and you can usually get this loan in minutes, as long as you meet all the requirements.
The palmcredit loan offers loans with a relatively low-interest rate and with little or no fees attached to your loans.
The palmcredit loan app is just one of the many online loan apps that offer you instant loans in Nigeria, others include the Renmoney loan app, branch loan app, and many others.
Palmcredit is a subsidiary of a group of companies named transsnet which is also a subsidiary of transsion holdings.
You can easily download the palmecredit loan app from the google playstore, it is not yet available for iOS and windows.
Palmcredit loan requirement (what do you need to get a loan on palmcredit?)
The steps below are the requirement for getting a palmcredit loan:
- bank verification number (BVN)
2. Full name
3.Telephone number
4. Bank account information
5. Occupation information
How to get a loan on palmcredit
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On palmcredit platform, you can get up to 100,000-naira instant loan with little or no fees and also very good interest rates.
Getting a loan from palmcredit, you should meet all the necessary requirements, then follow the steps below:
1.Go to Google playstore and download the app and install. The app is not yet available on iOS and windows
2. After installing the app, launch it and register by providing all the required information and verify your phone number by inputting the code sent to the phone.
3.The next stage is to apply for the loan. Be sure you meet all the requirements before you apply, in other to avoid rejection.
4. The last step is to wait for the approval. If your loan is approved, you will be sent the money almost instantly.
5. The loan will be given to you
Palmcredit interest rates
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Palmcredit interest rates ranges from 14% to 24%, equivalent monthly interest 4.6% the annual percentage rate (APR) on a palmcredit 56.78%
Palmcredit loan range
The loan term range is from 14 days to 180 days
Palmcredit loan repayment
To repay your loan on palmcredit:
1.Launch the app and navigate to the Menu
2. Tab the ‘’My loan’’ button to proceed
3. Click on the ‘’Outstanding’’ button
4. then, Tab on ‘’Pay Now’’
4. Input your palmcredit Pin
You can also pay back by depositing to the Palmcredit account number:
Account name: Transsnet Financial Nig LTD – Consuming finance
Account number: 0772692676
Bank name: Access bank
You can contact the palmcredit customer care before you make your payment and also make sure you send proof of payment to repayment.ng.pc@transsnet.com
Palmcredit customer support
To contact palmcredit support, you can do that through the channels below:
Phone number: 070072564357
Email: palmcredit.service.ng@transsnet.com
Is palmcredit legit?
This palmcredit platform has been in business for some years now, I am confident they are a legit loan app. They give out instant loans to customers with good interest rates.
The parent company-Newedge finance limited is fully licensed by the CBN to operate as a finance company in Nigeria.
