CredPal

Borrow money online with the CredPal card at any time. Buy phones, laptops, electronics, and other products now and pay later.

CredPal Online Loan app offers
Loans Online Limit: from ₦5,000 to ₦500,000
Loan period ranges from 30 days to 180 days
Interest rate ranges from 4% to 9%

Example of CredPal Buy Now, Pay Later Loan

1. Purchased Item: iPhone XS
2. Limit Amount of ₦100,000
2. Limit Term: 2 months
3. Equity Contribution: ₦31,500
3. Interest rate: 5%
4. Service Fee: 2% (Goes to the Payment Service Provider)
5. Interest amount of the limit: ₦6,850
6. Monthly Repayment: ₦40,000
7. Total amount payable: ₦80,000
8. Total Percentage Rate (10%)


Loan Applicant Requirement

Nigeria Resident
22 - 55 years old

How to Use CredPal

To apply for an online cash loan or buy now pay later on the CredPal app, follow the following steps

- Download the CredPal app and sign up
- Apply for Credit and provide the required details
- Get Approved for Credit
- Get your credit card to access funds anytime you want

To buy now, pay later:
- Find and visit your favorite stores within the CredPal app or via the merchant’s payment link
- Add your product information
- Split your purchase into 6 repayments, billed monthly.
CredPal Card Services

With our card, you get the funds to meet your small ticket purchases and emergency cash needs while you pay back at the end of your billing cycle which is usually set around your salary day.

Your CredPal card enables you to pay for your electricity bills, renew your gym membership fee, renew your Netflix subscription, and many more. You can also transfer some or all of the funds from your CredPal wallet to your bank account.

CredPal Card Interest Rate & Repayment

The credit limit on our credit card ranges between ₦5,000 to ₦500,000 with a repayment period of 29 days at an interest rate that ranges from 3.8% to 8%.

Representative Example of a CredPal Credit Card:

1. Credit Limit Amount of ₦70,000
2. Credit Limit Term: 29 days
3. Interest rate: 6%
4. Interest amount of the credit limit: ₦4,200
5. Monthly Repayment: ₦75,313
6. Total Percentage Rate (6%)
7. Total amount payable: ₦75,313

CONVENIENT REPAYMENT OPTIONS

You can easily pay back what you have spent from your credit card or from our buy now, pay later services within the CredPal app at the “payment” section, or by making a bank transfer to Cred