Paycredit

Features Paycredit

PayCredit is a fully digital lending platform.
Providing both salary advance and business loansNigeriaLoan amounts range between ₦5000 to ₦50,000 with repayment periods of 61 to 90 days at monthly interest rates that range from 2.5% to 30% (APRs from 30% to 260%)An example of a Paycredit loanBorrow ₦50,000 over 3 monthsInterest (total cost of the loan): ₦15,000 (30% rate)Three monthly repayments: ₦23,916.67Total amount payable: ₦68,375Representative: 120% APRRepayment Terms for All LoansDepending on the loan amount for which you are eligible, you have the option to choose repayment terms for up to 90 days.
Every loan amount we offer has the option to repay in a minimum of 61 days.
Choose the loan term that’s right for you within the app.ITS EASY TO GET STARTED* Create your account* Apply in seconds* Receive your loan straight into your loan wallet* Build your loan limit every time you repay a loanSPECIAL FEATURES* Store money securely in our Wallet.
* Get instant loans 24/7.
Cashback when you repay on time.* Funds transfer to any Nigerian bank account* Recharge airtime, buy data or pay your bills [Electricity & Toll gate]- all no hidden charges-----------------------------------------------ADDITIONAL INFORMATION-----------------------------------------------PRIVACY AND PERMISSIONSWhen you download the PayCredit mobile application, we will ask for your permission to gain access to some data and other information in order to verify your identity, creditworthiness, and in turn provide you with a loan.
We also use this to help you better understand and improve your finances.
We take privacy seriously - all data you choose to share with us is encrypted and your personal data will never be shared without your consent.CREDIT SCORE IMPACTFailure to pay off an outstanding loan taken triggers a notice to the consumer credit reporting agency which would negatively impact an individuals credit score.
Late payments can also affect your ability to borrow in the future, so please ensure timely repayments of obligations.To achieve a good credit score, treat all your debts equally when it is time to repay, contact us when you have difficulties paying back and make sure you live within your means.
For more information, visit our website, www.paycredit.ng.