How much can I borrow from Palmcredit for the first time?

Read all about how much can I borrow from Palmcredit for the first time.

Palmcredit is a loan app in Nigeria that is owned by newedge finance limited, the app offers you loan from 5,000 naira to 300,000 naira without any form of collateral.

To get a loan on this app, all you have to do is download the app, register and provide all the required information and request for a loan.

If you want to know how much you can borrow from Palmcredit for the first time, then you will need to continue reading.

In this post, I am going to be answering the question “How much can I borrow from Palmcredit for the first time and more.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

Read all about what happens if you don’t pay palmcredit loan

How much can I borrow from Palmcredit for the first time?

Palmcredit loan app allows you up to 300,000 naira as loan, but you usually cannot access up to 300,000 naira when you first register on the app.

When you request for a loan, Palmcredit will do a background check on your credit history to determine if you qualify for a loan.

You can get anywhere from 2,000 naira to 10,000 naira for the first time, depending on your loan history. When you pay back your loans on time, you can get a higher amount the second time you request a loan and also subsequent times.

On the second time and third time, you can get anywhere from 20,000 naira to 100,000 naira and more.

The key is to make sure you always pay back your loans on time before the due date.

Conclusion

Remember to share with your friends on social media and also subscribe to this blog for more banking and finance updates.

Thank you for reading my post on How much can I borrow from Palmcredit for the first time? If you have any question or comment, you can leave it below in the comment section below.

Thank you once again.