Does Palmpay Give Loan to Customers? How to Borrow Loan from Palmpay

Palmpay Loan

Are you a Nigerian looking for a reputable company to get a quick loan? We’re glad to inform you that you just landed on the exact page that has a solution for you. You probably must have known Palmpay for a while now, but not sure if Palmpay gives out loan.

Well, in this article, we will guide you on how you can get a quick loan from Palmpay without passing through the stress of submitting unnecessary documents. We have also outlined the requirements you must meet if you want to get a quick loan from Palmpay. Are you in need of a loan from Palmpay? Then this article is for you. Firstly, let’s answer the question quickly.

Does Palmpay Give Loan to Customers?

Yes, Palmpay gives loan to customers who have opened a banking or savings account with the company. Are you in need of a loan from Palmpay? This article will guide you on how you can get a quick loan from Palmpay without stress.

Palmpay gives loan to its registered customers. To get a loan from Palmpay, the first step to take is to open a savings account with Palmpay. Thereafter, there are several requirements that you must meet in order to successfully borrow money from Palmpay.

Palmpay Loan Requirements

To qualify for a loan from Palmpay, here are some of the requirements to meet if you want to borrow money from Palmpay:

1. Download the Palmpay loan app. >> DOWNLOAD HERE
2. Open a savings account with Palmpay using your phone number
3. Deposit a minimum of N5,000 in your savings account
4. Ensure that you update your profile using your most recent photograph
5. You must have Utility bill having your current house address
6. You must have a valid email address
7. You must have a valid national ID
8. You must have a working BVN (See Loan Apps that Give Loan without BVN)

How to Get a Loan from Palmpay

1. Firstly, recheck the requirements to be sure that you are qualified
2. Inside the Palmpay loan app, click on Okash
3. Set the amount you wish to borrow
4. Select the loan duration (3 months could be just fine)
5. Insert your BVN where necessary
6. Upload the required documents such as the ID card
7. Click on REQUEST LOAN

Please note that your loan request on the Palmpay loan app will become pending for approval by the Palmpay loan manager which in most cases may take up to 24hours. At this time, the Palmpay loan manager takes his time to go through the submitted documents to be sure that they’re original.