Palmcredit Loan Requirements, The Benefit And Interest Rates

The current financial crisis in the country has made people to look for alternative means to raise money to solve their problems.

Sometimes you will be required to invest in a profitable business but will lack funds and the process of getting money via banks is even scary to attempt.

But right now, with your smartphone, you can access loans at ease. This PalmCredit Loan is an initiative from Transnnet Company which gives instant and reliable loans to Nigerians from the comfort of their home.

With palmcredit, you can get a minimum of N15, 0000 and a Maximum loan of N100, 000.

HERE IS HOW IT WORKS

You can download the app into all android enabled smartphones from google play store.

Once you download it, you’ll install it and then it will be ready to use.

The app has two loan options:

Borrow Airtime Option

With this, you can borrow airtime whenever you want and repay back in 14 days’ time.

They will borrow you up to N10, 000 airtime here.

The Installment Loan

With this, you can borrow all the money that you need for your business or personal needs in a matter of minutes.

They don’t ask for collateral and you can pay back in 6 months’ time at maximum.

They also allow you to make some small money off the platform by referrals.

They will give you N600 each time you refer someone to the PalmCredit Loan App and the person registers.

BELOW ARE THE REQUIREMENTS FOR OBTAINING A PALM CREDIT

Here are the basic requirements you need to meet in other to get their loan.

• Borrowers must be up to 18 years and below 60 years
• You must submit your bank account details including your BVN
• You must provide your phone number
• You must have an occupation
• The benefits of PalmCredit Loan.

READ ALSO- Kwarapoly School Fees For ND And HND Students With All Requirements

BELOW ARE SOME OF THE BENEFITS OF USING PALMCREDIT LOAN

• The ability to have access to emergency funds within minutes
• The ability to borrow up to N100, 000 and payback within 1 to 6 months
• The ability to choose your loan duration
• Palmcredit will not add any interests on your loan if you can pay back within two days.

HOW TO REPAY YOUR LOAN

You have two options to repay a loan from PalmCredit.

Paying Directly With The PalmCredit App

If you choose this, you can simply pay through the same app you borrowed from. Just follow the process below:

• Visit the menu button on the app and tap it
• Then, you tap the my loan button
• After which, click on outstanding
• And then click on Pay now
• Enter your PalmCredit pin and the money would be withdrawn from your bank account

Another option:

Paying Via Bank Deposit To The PalmCredit Account

In case you want to pay via bank deposit, go with your cash to any Access Bank and pay into the account below:

The account name: TRANSSNET FINANCIAL NIG LTD – CONSUMING FINANCE

The account number: 0772692676

In case you have a mobile app, you can still transfer to the account without stressing yourself

However, after making the payment, send a proof of payment to repayment.ng.pc@transsnet.com for verification.