Like I shared earlier about online shopping and payment system. The internet has been extremely supportive. Recently payoneer integrated Nigerians into their table. Lots of people have been asking if this option is available online instead of passing through the normal micro-finance banks with neck breaking requirements. What is more exciting about this is that it is readily available online and you can get it once approved within two working days.
Additionally, what you need to know is that sometimes you might have a pressing need or urgency for a certain amount of money where you’re rigorously pinned to the wall and you require a proactive remedy. However, what your bank alert shows is total “red”, in such circumstance, getting a loan may be your last resort.
Practically Paylater® is entirely a simple, totally online lending platform that provides short-term loans to help cover unexpected expenses or urgent cash needs. The most important part is that No collateral, guarantors or application fees required. Just a few clicks of a button.
Paylater is a service provided by One Finance & Investments Limited (RC No: 1044655), a licensed Finance company.
Paylater service comes with interest if you’re thinking its a totally zero interest loan. Their daily rate of 1% which means that if you borrow ₦10,000 you’ll have to pay back ₦11,500, in 15 days, or ₦13,000 in 30 days.
How does this work?
First, you need to download the paylater app and for first timers, the maximum range is N10,000 after which Paylater expects a total of N11,500 in 15 days or N13,000 in 30 days up to 1,000.000.
For the application process, Paylater has made it easy for applicants as they all have to go through their Facebook accounts (which already has details of each person) to login.
Two loan packages Paylater currently offers are:
PAYLATER PLUS (loans for salary earners) and PAYLATER (loans available to all) .
>>Real Facebook Account
How Do I Payback my Loan?
From research, Paylater.ng automatically debits your account by the amount you owe, if you are not comfortable with that, you can pay manually.
Once you log into your dashboard, you will see the current loan you have applied for and you will also see the PAY NOW button. Click on it and the page below would come up.
Enter your credit card details appropriately and click OK once you are done.
How Can I Apply For a Loan?
It’s simple! Just follow the steps below to apply for a Paylater loan:
2. Register your personal details
3. Choose your desired loan amount and duration
4. Submit your application. You will get a loan decision in seconds.
5. If approved, your account is credited within 30 minutes.
You can chat them up on twitter here
I know a lot of people who have benefited from this platform and I’m sure many will still benefit from it too.