Are you searching for how to get loan on palmpay? If yes, then this article is for you, coz here in this article will be showing how to get loan on palmpay, where to get the palmpay app, and the requirement needed. The good thing about this article is that we will not only show you how to get loan on palmpay, but also show you six ways to earn money through PalmPay.
Table of Contents
About PalmPay
Palmpay is an automated lending service focused on increasing access to credit to financially under-served/excluded individuals around Africa.
The decision to lend is made in 15 seconds. If the loan is accepted, the borrower gets funds in 5 minutes. 24/7 all day long. The loans are offered through an Android mobile app, and loan decisions are made almost immediately. The typical amount for new loan applicants is N10k.
The moneylender’s loans are designed to be short-term loans that are intended to help you tide through until your next payday. They are ideal for people who are looking for non-secure private consumer loans, students, and individuals who aren’t eligible for standard bank loans due to their thin credit scores.
How to get loan on Palmpay
- Download the app
- Sign-up and complete the application
Note: The typical amount for new loan applicants is N10k.
How do I download Palmpay?
To download the PalmPay application for Android, you can download it on Playstore while iPhone users can download the app on Apple store.
Eligibility criteria on how to get loan on palmpay
- Valid bank details
- Number BVN
- Android Phone
- Complete application
Pros
- The quick loan approval process in just a few minutes
- No collateral
- No guarantor is required
Cons
Low maximum loan
Six (6) Ways You Can Earn Money Through Palmpay The Best Way To Cut Back On Your Expenses Of Dollars!
Like I said earlier that we will not only show you how to get loan on palmpay, we will also show you 6 ways to earn money through PalmPay. Most importantly, what I am most excited about are the cash rewards I’ve earned using the app to make these transactions. Like
Since love is the best way to go about the sharing of information, allow me to explain the ways in which this can be done, and how you too will save lots of cash using the PalmPay application!
Here’s how it will work:
· Earn rewards on all transactions
Nearly every transaction that is made through the PalmPay application is rewarded with points or coupons for discounts.
PalmPoint is a way of measurement for your reward on PalmPay and is the same as Nigerian money. Thus 1 PalmPoint equals 1 Naira and can be used to receive up to 50% off future transactions that you make using the PalmPay application.
If you recharge airtime of 100 you will get 15 PalmPoints on your first transaction. You will earn cash back on all transactions made through the app. The amount you earn will depend on the amount you spend, as well as the current promotions available.
Additionally, you can earn an additional bonus of 2% on PalmPoints in the event that you make payments on your Cable electric, and TV bills using the PalmPay application. This is valid for the first five bills you pay each month.
When you sign up as a new user, you will also receive coupons you can utilize to avail discounts on numerous services that are available through PalmPay and also find more coupons at various locations within the application. In the end, I’ve never had to pay for any full payment again once I changed my payments to this payment method.
Cash spree
This is a great feature that lets users earn cash rewards when inviting friends and family members to download and sign-up on the PalmPay application.
With the cash Spree function, you will be able to earn as much as 3000 through referrals. You select the amount you wish to earn, which ranges from N500 up to N3000, and invite the desired number of people who will withdraw the money.
· Awoof Moni
“Awoof Moni” is a different type of feature for referrals on the application. With this feature, your friends can be rewarded too.
The greatest benefit of this option is that you can give a free airtime voucher of up to N100 to anyone who uses the PalmPay application as well as to non-users, after which, if they use it, you will receive the exact amount as cash rewards.
It’s an excellent option to save on airtime when you’re a frequent cardholder or earn money by referring others.
· N50 Grab deals
PalmPay also comes with an option on the app that lets you purchase tangible items like smartphones and electronics, known as PalmBuy.
It is interesting to note that you can purchase high-end phones from a major brand at affordable costs on this site. For instance, the Infinix Hot 10 is available through PalmPay at just N45,000, which is 8k less than Jumia.
And one of my favorite promo features of the application is N50 Grab Deals which is similar to an everyday mini-lottery that is available for certain of the items you can purchase on the app.
You place a bid of N50 to win the best deal of the day. A winner is selected randomly from those who have placed a bid. If you are the winner of the auction, the prize can be handed over to your door without the cost.
The most appealing thing is that anyone who participates can increase their money since the bid of N50 will be returned with at least 60 coupons. This is my preferred method to get some additional discounts whenever I am running out of coupons in my account.
· Frequent promos
PalmPay is unique in that they run exciting promotions each month. I’ve been a part of a few and have always enjoyed it.
There’s an event taking place right now, which allows you to take part as part of the PalmPay X Vskit #RewardingSideOfLife challenge. You can also join in a skit that demonstrates how your attitude will be as PalmPay rewards you. You also stand the chance of winning the prize pool of N200,000.
· Group Buying
The most effective method I’ve discovered to save money over time is through group discounts.
The way the method work is that when 5 users using the app buy something and you get all discounts.
Discounts are available on bills, data, airtime as well as betting and electronic things. I typically use this feature to save 10% to 20 percent off my time and data even if I don’t have coupons remaining.
Conclusion
There are many additional ways to enjoy discounts and rewards through PalmPay such as the Daily Reward for Checking-in, Gemstones, Step and Earn feature as well among others. To simplify it you could save thousands of Naira every month with everyday transactions!
Download the PalmPay application through the Android or Apple store now, you will not regret it!