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 CredPal’s bank account.

MANAGE YOUR REPAYMENT

When you pay with CredPal, you get a complete overview of all your purchases and installments plans which helps you to keep track of all your purchases with their payment schedule.

INCREASE YOUR SPENDING LIMIT

The more you shop and make timely repayments, the more your credit limit increases and the more access you have to our deals and offers.

CREDPAL INVEST

Grow your money the smart way by investing with CredPal
* Create multiple investment wallets to meet different goals.
* Earn up to 16% on your investment capital per annum.
* Invest with 50,000 Naira and above within 1 - 12 months.
* Safe and secure with bank-level security, end-to-end encryption protocols, and other security technologies.


CUSTOMER INFORMATION SECURITY AND PRIVACY

The CredPal app has been developed using the best security and privacy standards to ensure absolute data security. When you download the CredPal app, we will ask for your permission to verify your personal and financial information. Our app is secure to use, we will not share your information with third parties without your consent.

For more information about our credit card or buy now, pay later services, please visit: credpal.com or credpal.com/faq

Contact us:

We love feedback! If you have any feedback, questions, or complaints, please contact us through the following channels:
Email: hello@credpal.com
Twitter: https://www.twitter.com/CredPal
Facebook: https://www.facebook.com/credpal
Instagram: https://instagram.com/credpalhq
Website: credpal.com
Call Us: 017007999
Address:: Lagos, Nigeria