With palmcredit loan app, you can apply for a loan up to N100,000 no documentation or collateral required, to pay back in 3 - 6 months time with low interest rate and your loan will be disbursed into your bank account.

Palmcredit is owned by Transsnet Financial Ltd and operate in Nigeria with better plan to expand to other countries in Africa. They offer a short term loan to individuals/ or, small scale businessmen who are urgently in need of capital either for personal needs or for business purposes. All loan application can only be done through the Palmcredit loan app.

Table of contents
  • Requirements
  • Types of Palmcredit loan
  • How to Apply
  • Benefits
  • Interest Rate
  • Loan Limit
  • Palmcredit Loan App Download
  • Repayment term
  • Palmcredit Loan contact number
  • How we reviewed PalmCredit loan
  • Conclusion.

Palmcredit Loan Requirements

Before accessing for a loan on the Palmcredit loan app, you might be ask to provide these following requirements:
  1. Means of Identification
  2. Bank details
  3. BVN
  4. Personal details
  5. You must be 18 years or above.
Note: your bank verification number (BVN) is used to identify if the person seeking for a loan is the same as the owner of the registered bank account.

Types of Loan On the Palmcredit Loan App

There are basically two types of loan within the Palmcredit loan app namely:

Palmcredit Installation Loan

With this loan you can apply apply for a loan up to N100,000 with a repayment period of 3 - 6 months term and your loan will be disbursed into your bank account within 24 hours if being accepted.

Palmcredit Airtime Loan

With this loan, you can choose to top-up, or recharge your line up to N10,000 instantly, with a repayment period of 14 working days.

How to Apply for Palmcredit Loan

Applying for a loan on Palmcredit easy, follow these steps:
  1. Download and install the Palmcredit loan app
  2. Create an account
  3. Apply for a loan based on your loan limit shown within the app
  4. Receive your loan within 24 hours if being accepted directly to your bank account.

Benefits of Using the Palmcredit Loan App

  • It is fast, secured, reliable and easy to use
  • It does not require any collateral or documents before applying for loan
  • It offers good customer support service.

Interest Rate

Palmcredit loan interest rate ranges from 14% - 24%, Equivalent Monthly interest rate of 4% - 4.7%.

Loan Limit

Palmcredit loan limits ranges from N2,000 - N100,000 to repay in 3 - 6 months time.

Palmcredit Loan App Download

To download the Palmcredit loan app via Google play store, click here.

Palmcredit Loan Repayment Channel

There are 2 ways by which you can repay a Palmcredit loan, namely: Authomatic Debit and through the app.
  1. Authomatic Debit - this is a method by which you give Palmcredit permission to directly take payment out of your bank account on your loans due date(s).
  2. Through the App - this is a method by which you choose to pay up your debt by yourself through the App on its due date(s). Login to the Palmcredit Loan app and click <menu><my loan><outstanding><pay now>.

Palmcredit Loan Contact Number

For issues or complain, please contact the Palmcredit loan team via it's App. To contact, login to the app and click "contact".

How Loans Nigeria Rates PalmCredit Loans

  • Overall Score - 4.5
  • Customer Support - 4.1
  • Affordability - 3.8
  • Availability - 5.0

Please note: All reviews are prepared by loansnigeria.com, opinion expressed therein are solely based Loansnigeria.com and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review.


Palmcredit Loan App is easy, fast, secured and reliable. You can also refer your friend via your link and earn up to N80,000 cash reward when the apply and repay a loan.