Palmcredit-instant loan online

Newedge Palmcredit

About this app

Borrow money online with Palmcredit app.Apply an instant loan with a flexible repayment plan and favorable interest rate.

◉Why choose Palmcredit?
1 Limit range from NGN10,000 to NGN800,000.
2 Flexible repayment between 91days to 365days.
3 No collateral.no paperwork,secure and reliable.
4 No hidden fees,no rollover charge,no transaction fees.
5 Repay your loans in time or complete increase limit tasks to build your credit limit and reduce on interest rate.

-Annual Percentage Rate(APR) from 24% to 36%.
-Example:If you choose a 6-month loan and borrow NGN100,000,Plamcredit charges an interest rate of 3% per month.Borrow NGN interest rate:18% and the APR is 36%.180 days repayments of NGN18,000.Total amount payment is NGN118,000.

◉Several steps to get your loan
1 Download and register an account.
2 Fill out basic information and submit.
3 Apply loan online and easy to get approved .
4 Get your loan disbursed into your bank account.

◉Loan applicant requirement
✔︎Nigeria resident
✔︎18-60 years old

◉CONTACT US
For more information,contents or suggestions:
• We are available 24/7 to assist you with your request
• Service Hotline: [phone] (9am - 6pm(Mon-Fri), Sat-9am-5pm)
• Service Email: [e-mail]
• Facebook : https://www.facebook.com/palmcredit/
• Linkedin: https://www.linkedin.com/company/palmcreditNG/
• Instagram: https://www.instagram.com/palmcreditofficial/
• Address: AIT road, 17 Oguchi Okorie street, off A. I. T. Rd, Lagos, Nigeria

Ratings and reviews

The negative reviews for this app aren't wrong. Run from Palmcredit! When you try to repay your loan via debit card, it won't work, so you'll be forced to use their bank transfer option. That's where they get you. The app will say you're still owing even after transferring your repayment to their bank account. Your late fees will continue to pile up, and they will be debiting it everyday automatically from your account. That's what they did to me. Don't ever use their bank transfer option!!!

It was a total and complete mistake downloading this app or ever trying to apply for loan on this app. I tried to apply for loan, but the interest rate is too high and the repayment period is too short, I quickly ran from the page, when I want to close the app, a question pop up asking me why I'm not taking the loan and I clicked "interest rate too high". Only for me to wake up the next morning and saw a credit alert from Palmcredit. I feel like cursing you people. 😥😥 Scammers in disguise.

I have been using Palmcredit for quite a while and I am really delighted about being able to get money instantly at times of urgent need. However, there are issues I have with the app; 1. It is impossible to pay back on installments. 2. There is this feature that makes it impossible to borrow lesser amounts when one has borrowed a bigger amount before. Even if a limit must be set, it should be on the highest amount one can take and not the lowest. 3. The interest on loans is just too high.