Credpal Loan App Download, Interest Rate, how to apply

Credpal Loan

Credpal is a fintech company that provides credit solutions for individuals and businesses in Nigeria. With Credpal, you can buy items from online and offline merchants and pay for them in installments by accessing instant credit at the point of checkout. You can also get a virtual credit card that you can use to make online purchases and pay later.

In this article, we will show you how to apply for a Credpal loan in Nigeria and what you need to know before you do so.

What are the benefits of Credpal loan?

A Credpal loan can help you finance your personal or business needs without stress. Some of the benefits of a Credpal loan are:

– You can get a loan of up to N2 million with a repayment tenure of 3 to 6 months.

– You can enjoy a low-interest rate of 4% to 6.8% depending on your employer’s category.

– You can access credit instantly at the point of checkout from various merchants on the Credpal marketplace or app.

– You can build your credit score by repaying your loan on time and accessing more credit options.

– You can manage your finances with the Credpal app that allows you to track your spending, set budgets, save money, invest, and more.

What are the requirements for Credpal loan?

To apply for a Credpal loan, you need to meet the following requirements:

– You must be a working-class individual with a verifiable source of income.

– You must be between 22 and 55 years old.

– You must have a valid bank account and BVN.

– You must have a valid ID card (national ID, driver’s license, voter’s card, or international passport).

– You must have a recent utility bill or bank statement.

How to apply for a Credpal loan in Nigeria

To apply for a Credpal loan in Nigeria, follow these steps:

1. Download the Credpal app from the Google Play Store or the App Store and sign up with your phone number and email address.

2. Complete your profile by filling in your personal and employment details, uploading your ID card and utility bill or bank statement, and linking your bank account and BVN.

3. Choose the loan amount and repayment tenure that suits your needs and submit your application.

4. Wait for approval within minutes and receive your loan in your bank account or virtual card.

5. Repay your loan on or before the due date by using the Credpal app or any other payment channel.


Credpal is a convenient and reliable way to access credit in Nigeria. Whether you need to buy something now and pay later, or you need some extra cash to meet your personal or business needs, Credpal can help you achieve your goals. All you need to do is download the app, sign up, apply for a loan, and get approved within minutes.

If you have any questions or feedback about Credpal, you can contact their customer support team via phone (+234 906 254 7164), email (, or social media (Facebook, Twitter, Instagram).

We hope this article has helped you learn how to apply for a Credpal loan in Nigeria. If you found it useful, please share it with your friends and family who might need it too.

See also: Lucky Loan Review and How to Apply

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