If you are in need of quick cash, borrowing money from Palmpay is a great option. Palmpay is a reputable loan platform in Nigeria that provides loans to individuals.
Here is a step-by-step guide on how to easily borrow money from Palmpay:
Step 1: Download the Palmpay app
- Go to Google Playstore (Apple app store for iPhone users) and install the Palmpay app if you haven’t already done so.
Step 2: Create an account
- After downloading the app, create an account by filling out your personal details.
Step 3: Go to your dashboard
- Once you have created an account, go to your dashboard.
Step 4: Click on “Loans”
- On your dashboard, click on “Loans”.
Step 5: Choose the amount you want to borrow
- Choose the amount you would like to borrow. As a new borrower, you are eligible for a loan amount of 10k on this platform.
Step 6: Apply for the loan
- Follow the prompts to apply for the loan.
Palmpay will promptly evaluate your application and inform you of loan approval or rejection within a short timeframe, typically within minutes or hours. If you are approved, the loan will be disbursed to your Palmpay wallet instantly.If you don’t have a BVN, you can still borrow money from Palmpay.
Here are the steps to follow:
Step 1: Dial the Palmpay USSD code
- Dial *652# using the phone number linked to your Palmpay account.
Step 2: Choose the “Loan” option
- Choose the “Loan” option.
Step 3: Follow the prompts to apply for the loan
- Follow the prompts to apply for the loan.
Palmpay loan comes with loads of features that make them stand out among their competitors:
- Low interest fees
- Up to 150,000 naira
- Instant disbursement
- Flexible repayment
- No collateral or any other paperwork is needed
- No guarantors needed
- Without BVN
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In conclusion, borrowing money from Palmpay is a quick and easy process that can be done through the Palmpay app or USSD code. With Palmpay, you can receive an instant loan within 5 minutes of approval, and you do not need any paperwork or collateral before borrowing