13/09/2017

Paylater Reaches a Milestone of 1000 Loans Per day! Do You Need a Loan?



I made a post few months ago on Paylater, online lending platform that provides short-term loans to help cover unexpected expenses or urgent cash needs.  No collateral, guarantors or application fees required. Just a few clicks of a button.


Now, it appears lots of Nigerians are comfortable with getting loan from an online source than the bank. Paylater announced in a blog post that they’ve reached a milestone of disbursing 1000 loans daily, a goal in which they set when they first started. 

According to Paylater, we are happy to say that over 60% of these 1,000 loans are disbursed within 1 minute with the rest all under 5minutes and they span a range of N7,500 to N200k for first time borrowers.

So if life is giving you a deadly blow and you find it difficult to stand financially, Paylater is here to rescue you. Remember a friend in need is a friend indeed… and getting a loan from Paylater may actually be what you need right now.

To those of you who have collected loan from Paylater, how has been your experience with them so far?

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17 comments :

  1. Wow! This is good news for people that need loans

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  2. what if you decide not to pay them back?
    how will they catch you?

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  3. Also remember that a borrower is a servant to the lender.

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  4. I actually tried it to see if it works and i got the loan approved but decided against taking it since I did not need it.

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  5. I just heard about this paylater thing recently and I've been wondering, how do they ensure that people pay back😕 with no guarantors or Collateral, how would that work?

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  6. This company will pack up very soon bcos I know naija boys they will neva payback d fund

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  7. Their interest rates is the problem.

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  8. There service is excellent and there is no way you cannot pay back unless you won't use any bank in Nigeria bc they have your BVN. Any money that comes into your account will be deducted asap

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  9. Boss yomi tanks alot for update, am not a fan of dis paylater

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