CredPal: Loan App in Nigeria
CredPal is a financial institution located in Lagos, Nigeria. The company is based on offering loans to eligible Nigerians, bridging the gap between financial problems and stability for them.
The Credpal loans are being offered based on users salaries. In other words, you salary will be estimated with other factors including credit score and financial information entered to determine your loan approval and amount to be disbursed to you for the very first time.
Furthermore, CredPal has mobile applications that make it easy and seamless for users to access sufficient financial support via their smartphones. In essence, CredPal App is available for iPhone users on Apple App Store and Android users on Google Play Store.
Other services CredPal offers are “buy now pay later,” “investment and savings,” “cash wallet,” “dollar card,” and ability to check your credit score for just N700.
About CredPal
CredPal is an online lending service that offers personal, business and salary loans to individuals and businesses through it mobile app.
With just your phone number and email address, you’re eligible to use the app. However, to obtain a loan from CredPal, you will need to submit your BVN, employment information, national identification number (NIN) and binding of your ATM card for automatic repayment.
Is CredPal Legit?
CredPal is one of the trusted financial service companies in Nigeria. The loan app is a lending platform own and manage by Dawakin Kudu Microfinance Bank Ltd, a company fully licensed and regulated by the Central bank of Nigeria.
Through Dawakin, CredPal is also insured by the Nigeria Deposit Insurance Cooperation (NDIC). The company provides access to funds for individuals and businesses in need of financial assistance in Nigeria.
CredPal Buy Now, Pay Later (BNPL)
The BNPL is another lending service available on the CredPal app. This service allows customers to shop via CredPal and pay installmentally, easing the financial stress of paying a full payment of a product.
The associated costs for the Credpal’s BNPL include payment for your preferred card plan, interest on the amount used and standard transaction charges.
CredPal Dollar Card
CredPal card is a dollar (USD) denominated virtual card that allows users to shop for anything online. The virtual dollar card is also used to subscribe to many streaming platforms including Spotify, Netflix, YouTube Premium, Apple Music, AliExpress and Alibaba.
However, to request a CredPal virtual dollar card, a card creation fee of $3 will be charged from your CredPal account. So, you need to deposit funds into your CredPal account through a dedicated account number provided on your dashboard.
Note: CredPal is yet to offer a credit card. The finance app is only offering a virtual USD card for international payments. Any card services apart from that are not available on CredPal at the moment.
Download CredPal Loan App
If you want to download the CredPal Loan App, based on your smartphone, visit your App Store and search for “CredPal”. When the app comes out, install it or download it.
Precisely, iPhone and iPad users can go to their iOS App Store to download the CredPal loan app and Android and tablet users can go to their Google Play store to download the CredPal mobile loan application.
CredPal Contact Information
You can get in touch to CredPal customer service via in-app live chat that’s available on the loan app. The company also has a dedicated customer service via WhatsApp probably for requesting for a loan repayments from debtors.
For physical visitation, CredPal Lagos (Nigeria) office. 75, Olonode, Off-Spencer, Alagomeji-Yaba Lagos, Nigeria, 100001 is the company official address and headquarter in Lagos Nigeria.
