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(opens in a new tab)Palmcredit
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Go to Website (opens in a new tab)About Palmcredit
PalmCredit is a Nigerian digital lending platform and mobile loan app operated by Newedge Finance Limited, a licensed digital finance company in Nigeria. It provides instant personal loans and short-term credit to individuals through a fully digital process, allowing users to apply for loans directly from their smartphones without collateral or physical paperwork. PalmCredit is one of the most popular loan apps in Nigeria, with millions of downloads and users nationwide. The platform is designed to offer fast access to emergency funds, salary support, and short-term financial assistance using automated credit assessment systems based on BVN, repayment history, and financial activity.
Amount
₦10,000 - ₦300,000
Tenor
91 - 365 days
Min. approval time
24 hrs
Countries
Created on
May 2026
Last updated
May 2026
Requirements
The basic requirements to apply for a loan on Palmcredit include:
- • Valid ID: National ID, voter’s card, driver’s license, or passport.
- • BVN: Required for identity verification and credit assessment.
- • Bank Account: Needed for loan disbursement and repayment.
- • Phone Number: Active Nigerian mobile number required for registration.
- • Smartphone Access: Android or iPhone needed to use the app.
- • Age Requirement: Must generally be between 18 and 60 years old.
- • Proof of Income (optional): Stable income may improve loan eligibility and limits.
- • Credit Assessment: Approval depends on internal scoring and repayment behavior.
How to Apply
To apply for a loan with Palmcredit, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
Alternatively, you can download the lender's app on Google Play Store.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
Contact
Support Number
+234 901 290 7278
Facebook Url
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