PalmPay – loan application
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PalmPay – repayment table
Estimated monthly repayments at 3.50% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 18 months | 24 months |
|---|---|---|
| ₦10,000 | ₦906 | ₦767 |
| ₦20,000 | ₦1,811 | ₦1,533 |
| ₦30,000 | ₦2,717 | ₦2,300 |
| ₦40,000 | ₦3,622 | ₦3,067 |
| ₦50,000 | ₦4,528 | ₦3,833 |
| ₦60,000 | ₦5,433 | ₦4,600 |
Representative example
Loan amount
₦51,000
Repayment term
14 months
Monthly interest
3.50%
Monthly repayment
₦5,428
Total interest costs
₦24,990
Total amount payable
₦75,990
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
₦2K – ₦100K
Term
14 – 91 days
Interest from
3.50%
Approval
Minutes
Age
18+ years
Online application
Yes
Requirements
- ✓ Active PalmPay account
- ✓ Valid BVN
- ✓ Nigerian phone number
- ✓ Smartphone with PalmPay app installed
- ✓ Minimum age 18 years
- ✓ Regular PalmPay app usage
Loan features
- Micro-loans from ₦2,000 to ₦100,000
- Terms 14 to 91 days
- Interest from 3.5% per month
- Instant disbursal to PalmPay wallet
- 30M+ user base in Nigeria
- CBN licensed payment platform
Ready to apply?
Go to official PalmPay website ad