In this review, we will be taking out time to examine the new online money lending platform which allows all registered users access to fund with the open opportunity of paying back on a later date. Paylater Mobile App is a simple, entirely online lending platform that provides short-term loans to help cover unexpected expenses or urgent cash needs. You can apply for a Paylater loan 24 hours a day, 7 days a week with their quick application process that lets you know your status within minutes.
They are always available to help you when in need of Financial Assistance, but it is not advisable to take out a PayLater loan for long-term borrowing or if you are in serious financial difficulty as the daily interest charge is not convenient for a Long Term Loan.
How To Download The Paylater Mobile App On Your Device
The App is presently available only on the Android store and can be installed by following the steps below.
Step 1. Search for Paylater on the Google Playstore
Step 2. Click ‘Install’
Step 3. Read and understand what the app needs access to. If you agree, select ‘Accept’ and ‘Continue’.
Step 4. The App is now ready for use. Read through the usage procedures below.
How To Use Paylater Mobile App On Android Phone
After downloading the app by following the steps above, then sign in to identify yourself and this will take you to the brief registration & application forms. Complete an application with valid information, then use the calculator provided to determine how much you would like to borrow and view your expected repayment(s). Submit your application and you will be notified instantly of the loan decision.
How Much Can You Borrow From Paylater And The Payback Period
Customers taking Loan For the first time, you can borrow up to ₦10,000 for a period of up to 30 days, but not more than ₦10,000. You decide how much you want and how long you want it for. Once you have paid your first loan on time, the possibility of you receiving a higher credit limit increases. The more times you take a Paylater loan and repay successfully without any issue, the more we can lend to you.
How To Repay Loans Taken From PayLater Platform
There are several options to repay your Paylater loan. If you want to make an online payment on/before your due date, please use the PAY NOW button on the ‘Check Loan Status’ page on the Paylater Mobile App.
Direct Transfer to the account details below
- Account Name: Paylater
- Bank: Guaranty Trust Bank (GTB)
- Account Number: 0217599035
Please include your full name and client ID on the transfer details and notify us immediately you make a repayment. Repayments made via cash transfer are typically updated on our platform within 1 – 2 business days.
- Visit quickteller.com/onecredit
- Select Paylater
- Enter in your details. Please ensure you enter in your client ID and other details accurately.
- Enter in your card details and confirm the transaction. Your account will automatically be updated within minutes.
Requirements For Loans With Paylater Mobile App
You do not need to submit any documents to get a Paylater loan. We’ll just ask you for some basic information so we can get to know you better. All you need is a compatible personal mobile device to use the app and a functional BVN-linked bank account to receive funds in.
Paylater Contact Address
Bishop Oluwole Street,
Victoria Island, Lagos
In case you have any difficulty in setting up, activating or using this App, Please contact the address above as we do not have any other contact details.