How to stop Flexi loan on Palmpay

To qualify for a flexi loan on PalmPay, you must:

• Be a Nigerian citizen living in Nigeria
• Be at least 22 years old
• Have a good credit score with no pending loans
• Have an active bank account with BVN

You can borrow up to N5,000,000, depending on your income and credit history. Check your credit score for free on nairaCompare!

The interest rate is a fixed 10% per month for the entire loan duration.

You can choose a flexible repayment term from 1 to 12 months to suit your needs.

Yes, to secure the loan, you must pay a 1% origination fee. Late payment fees may apply in certain cases.

Once you submit your application, we’ll review and get back to you within five minutes. If approved, funds will be deposited into your bank account within one business day.

No, it’s an unsecured loan, meaning you don’t need to offer any collateral for approval.

If you’re facing financial challenges, here are some advantages:

• Fast approval (as little as 5 minutes)
• Flexible repayment terms (1 to 12 months)
• Competitive interest rates (starting at 10%)
• No collateral required

Yes, late payment fees apply if you miss a payment. Timely payments are crucial to avoid additional charges.

1. Click on ‘PalmPay Flexi Loan’
2. Read through the product page for more details
3. Click on ‘Apply’ to initiate the application process
4. Fill in your personal details
5. Submit the application form for review and processing
6. Upon successful review, receive an email confirmation of your application