Palmcredit – Company Information & Legitimacy Check
Who is behind Palmcredit, who owns it, and how to verify the lender is safe before you borrow in Nigeria.
Palmcredit is a product of Newedge Finance Limited, a licensed money lender in Nigeria. The app has been downloaded millions of times and serves customers across Nigeria.
Is Palmcredit legit and safe?
Palmcredit is operated by Transsnet, registered at Lagos, Nigeria. As a digital lender it typically operates under a Central Bank of Nigeria (CBN) approval or in partnership with a licensed microfinance bank, and is expected to appear on the FCCPC digital-lenders register. Before applying, always confirm the lender on the official CBN and FCCPC lists and apply only through the official website www.palmcredit.ng to avoid loan-app scams and clones.
Who owns Palmcredit?
Palmcredit is owned and operated by Transsnet. You can review the full loan terms, interest rates and reviews on the Palmcredit loan page.
Company information
| Brand | Palmcredit |
|---|---|
| Operated by | Transsnet |
| Address | Lagos, Nigeria |
| Loan amount | ₦1K – ₦100K |
| Interest from | 4.60% / month |
| Official website | https://www.palmcredit.ng |
FAQs about Transsnet
Palmcredit is operated by Transsnet, registered at Lagos, Nigeria. Before borrowing, confirm the lender on the Central Bank of Nigeria (CBN) approved list and the FCCPC digital-lenders register, and only apply through the official website https://www.palmcredit.ng.
Palmcredit is owned and operated by Transsnet.
Palmcredit is a digital lending service operated by Transsnet, not a traditional bank. Fintech lenders like this usually disburse loans in partnership with a licensed microfinance bank or under a CBN/FCCPC lending approval.