Palm Credit Loan Application – How to Get PalmCredit Loan

Are you searching for the Palm Credit Loan Application process or palm credit loan application for your device?

Whatever it is that brought you here at this point, you are going to find a solution.

In this article, I will show you how you can download the palm credit loan application and also walk you through the step by step process of applying for palm credit loans.

The palm credit loan application is one of the stress-free ways of getting a loan from the comfort of your home.

With the cutting-edge developments in technology, there won’t be a need for you to wait long hours in banks just to get a loan.

What is Palm Credit Loan Application?

Palm credit is a smartphone app that you can simply use to get a loan online. Using palm credit to get a loan is very quick and cool.

Loan approval can be in just five minutes if you qualify and there are no collaterals required.

A lot of people are not aware of this application and that’s why I decided to create more awareness by writing about it.

Download the Palm Credit Loan Application

Downloading the palm credit loan application is easy. Simply, follow these steps to get a loan from Palm credit

1. Install the App on Your Phone

The first step is to install the app on your phone. Currently, this platform only has the android app. There is no app for iOS or windows. You can install the app in two ways.

First, you can visit the online portal and input your phone number and you get the app.

Alternatively, you can download the app from the Google play store and the Apple app store.

Please note that you cannot register for a loan without the app.

2. Register

Once you have installed the app on your phone. The next step is to register. Just follow the instruction on the screen.

Give all the information that is needed. Note that you may also have to authenticate your phone.

They will send a code to your phone which you will input into the app for that.

3. Apply For Loan and Get Approval

Once you have completed your registration you can apply for a loan. The process is easy, just click the app and follow the instructions. 

Palm Credit Loan Application Requirements in Nigeria

The palm credit loan is typically for Nigerians as it deals in Nigerian currency.

You can without difficulty get the palm credit loan if you get qualified. But the question is; how do you get qualified?

The elementary requirements for Palm credit loan are your android phone and internet access.

However, you maybe be required to provide the following:

  • Must be between the ages of 18 and 60
  • Bank Verification Number (BVN)
  • Full name
  • Primary telephone number
  • Bank account information
  • Occupation information

Normally, the requirements are not much. They are just basic information.

How Palm Credit App Works

After you’ve successfully installed the app on your mobile device, you’ll see 2 options; Airtime loan and installment loan.

Palm credit Airtime Loan which you can borrow up to ₦10, 000 airtime to pay back within two weeks

Palm credit Installment Loan, which you can borrow from ₦2000 to ₦100, 000 loan and payback within 1- 6months.

You can easily get the palm credit loan if you meet the requirements. As there is no collateral, all the lenders hang on is your promise to pay back.

The lender also looks at your credit history to accept your loan. So you must have maintained a good credit history to stand a chance of getting the Palm credit loan.

Also, this app also made provision for users to earn money as an affiliate.

Palm credit will send you N600 for every new user you invite to the platform. 

How to Apply For Palm Credit Loan Using the Mobile App 
  • Firstly, go to Google Play Store or Apple app store on your mobile device, download and install the Palm credit app.
  • Secondly, provide a correct functioning phone number. Palm credit will send a code to the number for verification.
  • After that, there is a form, where you will be asked to provide your surname, name, birthday, BVN, and gender.
  • Swiftly dial *565*0# to get your BVN immediately if you can’t remember your BVN number.
  • Furthermore, make sure that your name and information correspond with your BVN.
  • Then, provide your Bank account details where you’ll receive the money.
  • Lastly, fill in where your education and employment are required.
  • Click on “submit” to send your application when you are through.

You ought to receive a congratulation message from Palm credit (that is if all went well).

Palm credit will also send your requested loan amount to your bank account.

Receive Your Palm Credit Loan

Once your loan has been accepted, you can collect the loan and send it straight to your bank account.

How Many Loans Can You Get?

It all depends; you can get up to ₦100, 000 instant loans from Palm credit.

Kindly note the highest amount can be adjusted at any time!

Palmcredit Interest Rate and Fees

The loan interest rate varies from 14% to 24%, comparable Monthly interest 4.6%, the Annual Percentage Rate (APR) on a Palm credit loan is 56.78%.

They do not charge origination fees, transaction fees or rollover fees.

Please Read: Amerivalue Mortgage – Terms | How to Compare Rates

Loan Term

The loan term ranges from 14 days to 180 days

Palmcredit Customer Care Contact Phone Number

Palmcredit Customer Care contact phone number is 017001000 or 09060008279.  

Palmcredit Website

The site is but it has been offline currently.

This is beside the point as they operate the loan from the app.

You can also use their Facebook page to reach out.

 Contact Email

The contact email: is

Palmcredit Login

To login, simply open the app and follow the instruction

How to Repay Your Palm Credit Loan

There are 2 ways to pay back your loan

1. Pay Directly On Palm Credit App

  • Firstly, look for the “menu“
  • Next, find the “my loan” button.
  • After that, click on “Outstanding“.
  • Also, click on “Pay now“.
  • Then, put in your Palm credit PIN

2. Pay by Cash Deposit to Palm Credit Account

You can visit any nearest bank and make deposit to palm credit bank account provided below:

Account Name: Transsnet Financial Nig. Ltd-Consuming Finance

Account number: 0772692676

Bank: Access Bank

After you have made the payment, send a proof of the receipt to (for verification).



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