Apply for flexible loan amounts and pay back

How does it work?

Complete online application in minutes and submit. We’ll review your information and communicate a decision to you within minutes. If approved, you will receive funds directly into your preferred bank account within 72 hours of loan approval.

How much can I borrow from Paylater? For how long?

For your first loan, you can borrow up to ₦10,000 for a period of up to 30 days. You decide how much you want and how long you want it for. Once you have paid your first loan on time, the possibility of you receiving a higher credit limit increases. The more times you take a Paylater loan and repay successfully, the more we can lend to you.

Why is my bank account required?

It’s important for us to send your funds to your preferred account, as quickly as possible. We request bank account details as that is where we will disburse funds to, if approved. Please note that this must be a personal bank account in your name.

₦10,000 is too small! Can I get a higher loan amount?

The maximum loan amount available to first-time applicants on our platform is N10,000. Consistent on-time repayments of loans builds your trust rating and unlocks access to higher amounts, at lower rates.

Eligible salary earners can apply for a PayLater Plus loan of up to N1,000,000, after providing the necessary documents.

Is Paylater a bank? Where are you located?

No, Paylater is not a bank. they do not receive deposits from the general public nor do they offer savings or current accounts. Paylater is a service provided by One Finance & Investments Ltd (RC. 1044655), a licensed and regulated finance company. Even though we offer a service that is 100% online, you can still reach us whenever you need at customer@paylater.ng.

How do I apply?

After downloading the app, sign in to identify yourself and this will take you to our brief registration & application forms. Complete an application with valid information, then use our calculator to determine how much you would like to borrow and view your expected repayment(s). Submit your application and we will notify you instantly of the loan decision.

Click Here to Apply for a loan & receive a decision in minutes