Pal Loan is an Android application from an eponymous digital lending platform. This utility provides fast and flexible credit solutions for Nigerian citizens.
How to apply
To access these services, applicants must meet specific criteria:
- between 18 and 55 years old;
- a Nigerian citizen with a valid ID;
- job and the ability to repay the loan.
At the start, you need to download the app, log in, and follow an intuitive procedure to apply for a credit limit. The entire process can be completed online in about three minutes with no need for paper documents. Once approved, funds are deposited directly into your linked bank account or a cooperative third-party MMO wallet.
Options
This platform offers a range of loan amounts and flexible repayment options, similar to LendMax. It is possible to lend from 2000 to 500 000 Nigerian Naira. Refund periods range from 61 to 180 days. The annual percentage rate is from 36% to 300% per annum.
It is worth noting that the utility offers higher loan limits, lower interest rates, and longer terms to users who maintain good repayment records. Clients can access customer service via email, phone, or in-app chat at any time.
Features
- is intended for Nigerian residents aged 18 to 55 years old;
- allows users to apply for instant loans;
- it is possible to choose amounts and repayment options;
- funds are transferred directly into your valid bank account;
- the app is free to download and use;
- compatible with current Android versions.
