How To Borrow Money From Palmpay

Are you planning on how you can borrow money with your mobile app? Palmpay is one of the loan apps where you can borrow money and pay it back at a fixed time that you have agreed to pay back.

It is an instant loan app without the use of paperwork or collateral. Rush now to get the palmpay app in other to be able to loan today.

In this article, am going to give you in full how you can borrow money from palmpay.

What Are The Loan Requirement For Palmpay

For you to be able to loan, you need to meet up to the requirement stated below:

You must have a good Android phone to download the palmpay app.

You must have a stable palmpay account that has a QR card from an agent that is linked to BVN.

The amount of money that is in your account, must be up to the money you borrow from them.

You must be an eligible member of Nigeria.

You must be up to the age of 18 and above.

Download The Palmpay App.

In other to use the app, you need to download the palmpay app from your Google Play store.

Download and install the app.

Once done installing the app, sign in to the app to register.

Read More: Palmpay USSD Code For Transfer, Buy Data and Check Balance (Without Internet)

How To Contact Palmpay Customer Care

To contact the palmpay agent these are the steps to follow

Go to the Email: Support@palmpay.com.

Dial this phone number: 018886888

kindly visit their website: www.palm.payapp.com.

Steps To Borrow Loan On Palmpay

For you to borrow money from palmpay, open the app to create an account.

Provide the necessary information such as name, gender, address, mobile phone number, pass photograph, bank verification number, email address, date of birth and other online credentials for registering with the palmpay.

Now you can borrow a loan from them.

How Amount Can You Get From Palmpay?

As a legally qualified customer, you can borrow up to N200,000 naira from the palmpay.

Palmpay Loan Interest Rate And Repayment Amount?

The exciting thing about this palmpay is that once you borrow money from it the interest rate increases but your payment will be short.

Also Note: That their interest rate varies from around 15% to 30% depending on how fast you will be to refund the money but if you fail to pay back the money you borrowed, it will increase to 20%.

How To Repay My Loan On Palmpay

Here are the main ways in which you can repay the money borrowed.

On your phone, tap on the palmpay app and log in to your account.

You are going to see “home, finance, repayment, reward and me”

Click on finance to “repayment”.

Choose any way you can pay the money by a bank or transfer it with an ATM.

Is not about borrowing money from palmpay, the problem is the possibility of you paying back the money you have borrowed because you need to pay it back.