Palmcredit Loan App Review and Interest Rate

On this page we will review the Palmcredit loan app. We will discuss if it is legit or scam, the interest rate, the amount someone can borrow, requirements and how to apply for Palmcredit loan and also how to repay Palmcredit loan.

Palmcredit Loan App Review

Palmcredit Loan App Review

Palmcredit is one of the best money lending app in Nigeria. They have been in Nigeria for a long time and they have been helping people get out of financial issues by offering them fast and instant loans.

It is very easy to get a loan from Palmcredit. All you will need to do is to apply for the loan when you sign up on the app.

Features Of Palmcredit Loan:
  • Loan limit range from NGN10,000 to NGN300,000.
  • Flexible repayment between 91days to 365days.
  • No collateral is needed. paperwork,secure and reliable.
  • No hidden fees,no rollover charge,no transaction fees.
  • Repay your loans in time or complete increase limit tasks to build your credit limit and reduce on interest rate.

Is Palmcredit Loan App Legit or Scam

Palmcredit is a very legitimate app. They have been in business for a long time and almost all their customers have something good to say about them. Palmcredit loan app is not a scam.

Is Palmcredit Loan App Safe

Yes, Palmcredit app is very safe, secure and reliable. You don't have to be afraid when using the app for transactions.

Palmcredit Loan Interest Rate

Palmcredit loans interest rate :4% to 24%.

Equivalent monthly interest 4% to 4.7%,the annual percentage rate (APR) on a Palmcredit loan is 24%~56%.

If you choose a 6-month loan and borrow NGN100,000,Plamcredit charges an interest rate of 4% per month.

Borrow NGN interest rate:24% and the APR is 48%.180 days repayments of NGN24,000.Total amount payment is NGN124,000.

How Much Can I Borrow From Palmcredit Loan App

You can borrow between 10,000 naira and 300,000 naira on Palmcredit app.

Requirements To Get a Loan From Palmcredit Loan App

  • Be a Nigerian resident
  • Be between 18-60 years old
  • Have a source of income
  • BVN

How To Apply For Loan On Palmcredit Loan App

How to borrow money from Palmcredit loan app:
  • Download and register an account.
  • Fill out basic information and submit.
  • Apply loan online and easy to get approved .
  • Get your loan disbursed into your bank account.

How Long Does It Take Palmcredit Loan App To Give a Loan

It takes minutes for Palmcredit to approve your loan.

How To Repay Palmcredit Loan

Simply login to the Palmcredit app, go to repay loans and choose any repayment option.

Palmcredit Loan Customer Care

To contact Palmcredit customer service for support:

Service Hotline: 017001000 (9am - 6pm(Mon-Fri), Sat-9am-5pm)

Service Email:. Palmcredit.support@newedgefinance.com



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