How to get loan via paylater loan app
Are you in need of a quick, easy and a more convenient loan in Nigeria then paylater loan app is a sure app to get access to quick loan without any paperwork.
With the introduction of financial technology, people now have access to loan and other financial services without having to leave their homes.
And Paylater loan app is one of such financial institutions that has helped people in getting access to quick and convenient loan in Nigeria.
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There are many online apps that offers a quick and convenient loans to individuals and institutions in Ned of loans and Paylater is one of them. And here in this post is a complete guide on getting a loan from pay later loan app.
What is Paylater loan app
Paylater loan app is mobile loan institutions that offers quick and convenient loans to their customers through mobile application.
The steps involved in getting a loan from paylater is very easy, convenient and straightforward, thereby making them an option if you really need an urgent loan.
They uses some advances methods to access every loan application and verify the customers loan worthiness. This will help determine the eligibility of the applicants.
About paylater loan
Paylater loan are easily accessible, convenient, fast and easy to get. Their loans are short terms meaning your repayment plan won’t be that much long. It should be within 2 to 3 months.
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Paylater loan are available looking for personal unsecured loans, especially if you fail to get a loan from your bank due to low credit file or no collateral.
Their loan plan is available all over Africa, with a fast disbursement of the funds. It takes only 15 minutes to review your loan plan. Then when approved will be disbursed within 5 minute.
Paylater loan option is open on a daily basis, at anytime, anywhere and anyhow. The loan will be delivered through your mobile app instantly. As a new customer you are only allowed a loan of ₦10,000 for the mean time.
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Eligible Criteria for Paylater loan
Inorder for you to get your loan approved by paylater, you must meet the following requirements.
- You must have a valid bank details
- Your BVN should be submitted to Paylater
- You must complete the application process
- You must also have an android phone.
How to get loan from Paylater loan app
Getting loan from Paylater is now easier than before, you just have to follow their steps listed to get your loan approved.
The first step to get your loan from loan from Paylater is to download the app from your Google Play store or Apple store, depending on the device you are using.
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Create an account with them, as this will confirm you as their customers.
During the registration process you will have to provide some basic personal information like, name, email address, bank account details. With these, you are good to go on your loan request.
Ensure the loan provided are all accurate to prevent delay in your loan review.
Once you have completed the above steps, it’s now time for.you to start applying for loans.
You will have to select the amount you will want to get and your repayment period. You see the benefits, you have the chance to choose the amount and your repayment period.
Paylater offers loan from ₦2,000 to ₦500,000 with a repayment plan of 12 months.
Note that paylater use the data you provide, and some other criterias to check your loan worthiness.
How long does it take for Paylater to review my loan
Once you have completed the above steps, then you will have to wait for the loan to be approved. Normally it takes a maximum of 10 minutes for your loan application to be reviewed.
If approved the money will be sent to your bank account directly.
How to repay my Paylater loan
Paylater offers an easy and flexible repayment plan, allowing you to make repayment instamentally over the stipulated time frame.
You should ensure you pay up your loan on time to increase your good credit score and also stand a chance to apply for a higher loan plan in future.
Pros
Below are the pros of using paylater loan app ;
- Easy, fast and convenient loan process within minutes
- No collateral
- No paperwork
- No stress
- No guarantor
Cons
- Low maximum loan
Conclusion
Paylater loan app is a sure automated loan platform where you can get loan at an easy, convenient and fast pace. With paylater you can access quick funds to treat some financial needs.
By following the steps listed above you can get quick loan from Paylater. While kill yourself with responsibility when you can get access to quick loan from Paylater at a low interest rate and good flexible repayment plan
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