Palmcredit: Quick loan up to N300,000 but terrible customer experiences

Palmcredit: Quick loan up to N300,000 but terrible customer experiences

When your financial obligations are overwhelming you and the bills piling up, Palmcredit app can provide an emergency quick loan for you. The lending platform says it can provide a quick loan of up to ₦300,000 in less than 3 minutes without any form of collateral.

Palmcredit is a quick loan digital app where you can borrow between N2,000 to N300,000 quick loan and if your documentations are complete and accurate, you can get your disbursement within a business day, the platform claims.


1. Palmcredit offers quick loans of 2,000 – 300,000
2. It is a no-collateral loan application
3. Its quick loan can be ready within a day if your documents are ready


Quick loan within a day

No collateral needed

Rate are flexible and competitive

No need for any physical office visit


You can’t collect more than N300,000 quick loan

Palmcredit app do misbehave occasionally according to customers’ feedback (see bottom)

Customer service is very poor

Repayment can be cumbersome and sometimes not reflected real time

How Can You Get A Quick Loan From Palmcredit?


2. Complete the registration process from your mobile device

3. After completing these two processses, you can proceed to applying for your loan

4. Once you have applied for the loan, you will have to wait to get approval. This usually does not take too long. Just make sure you provided the necessary information correctly.

5. Once you get your approval, you will then receive the loan. You can decide to send the money to your bank account right away.

How To Register For PalmCredit Quick Loan

Here’s how to register successfully and get your loan in seconds using the Palmcredit App:
1. Download PALMCREDIT APP on Google Play store
2. Register with your phone number and a verification code will be sent to the phone number registered.
3. Verify your identity by providing your Name, Surname, BVN, Birthdate, Gender.
4. Can’t remember your BVN?
Not to worry, just dial *565*0# to get your BVN.
5. Keep in mind that your Name arrangement and information must be the same as on your BVN.
6. Set up your ‘Bank Information’
7. Fill in ‘Education and Employment’ with your details
8. Click Submit and you are good to go!

To Register and Apply for PalmCredit quick loan, CLICK HERE

Review on Palmcredit Customer Experiences

Quick Loan Arena investigated about feedback from Palmcredit customer experiences from the quick loan facebook page and we were able to summarise the experiences below unedited.

1. Catherine Igbamosun Onaifo
Please I applied for a loan and I’m yet to be credited but the amount is already stating debit on my app. Please look into it.

Hello Catherine,
Thank you for reaching out to us.
Please be informed that loans are disbursed within 24 hours from the time of application.
For further inquiries, please contact us on 017001000.
Thank you for choosing Palmcredit.

2. Akenkeglobal Ogunsina
I can’t not make repayment since yesterday. All efforts with 2 banks failed

Hello Ogunsina. We regret the inconvenience experienced
Please state the challenge experienced on an attempt to make payment from the app
Alternatively, you can make payment directly into our bank account
Account Number : 0772692676
Bank: Access bank
Once repayment is made, please send us proof of payment/transaction receipt and your BVN linked phone number to

3. Eze Cosy
Hello palmcredit i have paid in my loan to ur account since last week Saturday becos ur app was not working and till now my app has not been updated rather its displaying delayed payment. 08037488980. Amount:#17,976.41

We apologise for the delay. Please send the amount paid, date of payment and BVN linked phone number to for processing. Thank you for choosing Palmcredit.

4. Akewusola Taiwo Ahmed
I’m sending this email to you with regret, after paying back what I borrowed from you, i don’t know why you people are just removing money from my bank account at will, please how can I reclaim my money.

We apologise for the inconvenience experienced. We are unable to reach you via phone. Please send the amount paid, date of payment, BVN linked phone number and bank account details to for a refund. Thank you for choosing Palmcredit.

5. Ify Edwards Akarachi
What is wrong with your app, didn’t see it on play store. Want to pay back my loan

Hello Akarachi. We regret the inconvenience experienced
Alternatively, you can make payment directly into our bank account
Account Number : 0772692676
Bank: Access bank
Once repayment is made, please send us proof of payment/transaction receipt and your BVN linked phone number to

6. Oluwasegun Osunbanjo
Please a repayment was done yesterday at access bank. Name.. Osunbanjo Olatunji, phone number – 08181848484. I sent a message to the mail account but it still increased today. Please rectify.

Your payment is currently being processed. Kindly ignore any increment you see. Your payment will be updated once payment is verified. Thank you.

7. Adetifa Damilola Christianah
Palmcredit is not functioning again but they are deducting any money that enter my account please help me find something to do about it

Hello Christanah. We sincerely apologise for the inconvenience experienced. Please send your BVN linked phone number and summary of what your experience was to us via for assistance. Thank you for choosing Palmcredit.

8. Chinonso
Why did you guys deduct 18k from my account when you loaned me 5k… how do you do your calculations to arrive at the amount?

Hello Chinonso. We empathise with you. Please send your BVN linked phone number and complaint to us via private messenger to enable us assist you. Thank you.


Quick Loan Arena is not a loan agency and we do not give out loan to anybody. We are however a quick loan review blog that seeks to inform and educate individuals and small businesses about instant loan opportunities to help them take informed decisions. We also provide loan advisory services.  Speak with any of our Quick Loan Consultants for more information! Call or Whatsapp +234 (0)803 385 7245.
Do remember to give us a feedback about your quick loan experience after the lending process is executed.

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About the Author: Femi Adeoya

Mr Femi Adeoya is a Chartered Forensic Accountant and a Certified Fraud Examiner. He has over 20 years professional work experience in accounting, finance and business management processes. As an Accounting Software Expert, he has implemented and supervised accounting solution set up of over 50 small and medium businesses in Nigeria. As a passionate blogger, Mr Adeoya is an ardent writer and communicationist. He is the CEO of QUICK LOAN ARENA (, the number 1 loan apps review website in Nigeria. He is very passionate about the quick and instant loan industry in Nigeria and has written over 200 reviews on different loan apps and digital banks in Nigeria, USA, Canada and UK.


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