PalmPay is a financial platform that provides various services, including loans, payments, and investments. One of the loan products offered by PalmPay is Flexi Credit or Flexi Cash, which is a loan product that allows users to access credit facilities from their PalmPay account.
In this article, we will discuss how to activate Flexi Credit or Flexi Cash on PalmPay, including the invitation code required to apply for the loan.
What is PalmPay Flexi Credit / Flexi Cash?
PalmPay Flexi Credit / Flexi Cash is a loan product offered by PalmPay that allows users to access credit facilities from their PalmPay account. The loan amount a user can access depends on their credit score and the level of activity on their PalmPay account. The loan is payable within 30 days from the date of disbursement.
How to Activate PalmPay Flexi Credit / Flexi Cash
To activate PalmPay Flexi Credit / Flexi Cash, follow the steps below:
Step 1: Download and Install the PalmPay app
The first step is to download and install the PalmPay app from the Google Play Store or the Apple App Store.
Step 2: Register an Account
After downloading the app, register an account by providing your phone number, name, and email address. Once you have registered, you will be directed to the PalmPay homepage.
Step 3: Upgrade Your Account
To upgrade your account, you need to provide your Bank Verification Number (BVN) and other personal details. This is necessary for PalmPay to verify your identity and creditworthiness.
Step 4: Apply for PalmPay Flexi Credit / Flexi Cash
To apply for PalmPay Flexi Credit / Flexi Cash, you need an invitation code. You can get the invitation code from a friend who already has a PalmPay account.
Once you have the invitation code, go to the Flexi Credit / Flexi Cash page on the app and click on the “Apply Now” button. You will be directed to a page where you will be required to provide some personal and financial details.
Step 5: Accept the Terms and Conditions
After providing the necessary details, read and accept the terms and conditions of the loan product. Once you accept the terms and conditions, your loan application will be processed.
Step 6: Receive Funds
If your loan application is approved, the funds will be disbursed to your PalmPay account within a few minutes. You can then withdraw the funds to your bank account or use it to make payments within the PalmPay ecosystem.
Benefits of PalmPay Flexi Credit / Flexi Cash
1. Easy Application Process: The application process for PalmPay Flexi Credit / Flexi Cash is simple and straightforward. All you need is an invitation code and a few personal and financial details.
2. Quick Disbursement: Once your loan application is approved, the funds are disbursed to your PalmPay account within a few minutes.
3. No Collateral Required: PalmPay Flexi Credit / Flexi Cash does not require any collateral to access the loan facility.
4. Competitive Interest Rates: PalmPay Flexi Credit / Flexi Cash offers competitive interest rates on loans, making it an affordable option for users.
Conclusion
PalmPay Flexi Credit / Flexi Cash is a loan product that offers users access to credit facilities from their PalmPay account. To activate the loan product, you need an invitation code, which you can get from a friend who already has a PalmPay account.
The loan is payable within 30 days from the date of disbursement, and no collateral is required to access the loan facility. If you need quick access to funds, PalmPay Flexi Credit / Flexi Cash is an excellent option to consider.
