Palmcredit-instant loan online 2.7.23

Newedge Finance Limited – Freeware – Android iOS
out of 194197 votes

Palmcredit: Your Go-To Instant Loan Solution

Boris Weber

01/11/2025

Palmcredit by Newedge Finance Limited offers a seamless online loan experience, giving users quick access to funds with minimal hassle.

Borrow money online with the Palmcredit app and access instant loans with a flexible repayment plan and favorable interest rates.

Why Choose Palmcredit?

Loan limit ranges from NGN10,000 to NGN300,000.
Flexible repayment period between 91 days to 365 days.
No collateral or paperwork required. It is secure and reliable.
No hidden fees, rollover charges, or transaction fees.
Repay your loans on time or complete tasks to increase your credit limit and reduce the interest rate.

The Annual Percentage Rate (APR) ranges from 24% to 56%. For example, if you choose a 6-month loan and borrow NGN100,000, Palmcredit charges an interest rate of 4% per month. The interest rate for borrowing NGN is 24%, resulting in an APR of 48%. Over a period of 180 days, the repayments amount to NGN24,000, with a total amount paid of NGN124,000.

The Process to Get Your Loan:

Download and register an account with Palmcredit.
Fill out the required basic information and submit.
Apply for the loan online and easily get approved.
Receive your loan disbursed directly into your bank account.

Loan Applicant Requirements:

Nigerian resident
Aged between 18-60 years old

For more information, content, or suggestions:

We are available 24/7 to assist you with your request.
Service Hotline: 017001000 (9am - 6pm(Mon-Fri), Sat-9am-5pm)
Service Email: [email protected]
Facebook: Palmcredit
LinkedIn: PalmcreditNG
Instagram: PalmcreditOfficial
Address: AIT road, 17 Oguchi Okorie street, off A. I. T. Rd, Lagos, Nigeria

Overview

Palmcredit-instant loan online is a Freeware software in the category Business developed by Newedge Finance Limited.

The latest version of Palmcredit-instant loan online is 2.7.23, released on 04/14/2025. It was initially added to our database on 11/01/2023.

Palmcredit-instant loan online runs on the following operating systems: Android/iOS.

Users of Palmcredit-instant loan online gave it a rating of 5 out of 5 stars.

Pros

Easily accessible online loan application process
Fast approval for loans
No collateral required for loan application
Flexible repayment options
User-friendly mobile app for better user experience

Cons

High interest rates on loans
Possible additional fees and charges
Not available in all locations

FAQ

What is Palmcredit?

Palmcredit is an online platform that provides instant loans to individuals through a simple and fast application process.

How can I apply for a loan via Palmcredit?

You can apply for a loan through the Palmcredit website or mobile app by filling out the required application form and submitting your information.

What documents do I need to apply for a loan?

You typically need to provide a government-issued ID, proof of income, and bank account details for loan disbursement.

How quickly will I receive my loan?

Loan processing is quick, and funds can be disbursed within minutes to your bank account after approval.

What are the interest rates for loans from Palmcredit?

Interest rates vary depending on the loan amount and repayment term; however, they are competitive and outlined during the application process.

What are the repayment terms for Palmcredit loans?

Repayment terms vary, but most loans can be repaid within a few weeks to several months based on the agreement.

Is there a minimum or maximum loan amount I can borrow?

Yes, Palmcredit offers varying loan amounts, generally starting from around $50 up to several thousand dollars depending on your creditworthiness.

Do I need good credit to qualify for a Palmcredit loan?

While a good credit score may increase your chances of approval, Palmcredit considers multiple factors and may offer loans to individuals with varying credit histories.

Can I repay my loan early without penalties?

Yes, Palmcredit typically allows early repayments without any fees; you can repay your loan at any time before the due date.

Who can use Palmcredit services?

Palmcredit services are available to individuals who meet basic eligibility requirements, including being of legal age and possessing a valid form of ID.

Boris Weber

I am an editor at UpdateStar. I started as a support engineer, and am now specialized in writing about general software topics from a usability and performance angle among others. I telecommute from UpdateStar’s Berlin office, when I am not working remote as a digital nomad for UpdateStar. When I'm not analyzing the latest software updates, you can find me exploring new cities, immersing myself in local cultures, and discovering innovative tech trends across the globe.

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