joyyss:


Now my Question is this. ,please do PayLater have an agent that is giving people loan via opining FCMB account? because why am asking this is that someone contacted me saying he is an agent , i my self need a loan for my business ,

( was looking for where to borrow money for my business , so i visit PayLater Facebook to take a look and to know how they works,., when i am looking at their previous post i saw some people posting their number so I contact one of them who said he is paylater agent via whatsapp .).


so the guy open account for me in FCMB saying that for the loan to transfer in the loan account he open for me that i have to fund it with not less than 10k , pls my people, how true was this because i don't wants to lose my money o. i am with the guys number pls reply on this matter. thanks.

Don't get scammed o - Paylater is real, but they do not operate via agents. Any activities on the platform only happen via the Android mobile app, without any human interaction needed and they don't require to pay anything before processing. If someone is giving you a bank account in their own name, you better shine your eye

From my own little understanding of the platform, there are 2 packages - Paylater & Paylater Plus. The Paylater package is for small loans and starts at N10,000 for your first loan. As I repaid more loans on time, my interest rate reduced. I am currently at 10% for 1 month, but I have friends that have gotten as low as 4%.

The Paylater Plus package for higher loan amounts (N100,000 to N500,000) starts from 5% a month. So you see it's not as simple as just saying 1% per month flat when rates differ by the package selected, the service clearly operates on a trust basis, and rewards for paying loans on time.

That is why I recommended more research, so one isn't confidently speaking from a place of ignorance or condemning others for their patronage of a good platform.

realmey:


Sorry what is incorrect about the info?the 1% per day or what? The fact that it has helped you does not render the information incorrect.

@OP, I think with more exposure on how things are done outside this country, it will become clearer why what those Paylater guys are doing is such a great innovation. A loan available 24/7, with no collateral, and crediting of funds done almost instantly?

Any short term loan is meant for urgent/emergency needs and the rates of any loan service reflect the risk involved - and the risk in doing that kind of service is HIGH! If they were providing a 1-year loan at 360%, maybe I would even understand your point of view. But 10k to repay 11,500 or 13k? Na wa o

I think you should try doing more research before posting incorrect info about a service that has helped me and so many others I know. Just my thoughts sha