Home Loans PalmPay Flexi Cash, Palmpay Invitation Code, Staff, Repayment

PalmPay Flexi Cash, Palmpay Invitation Code, Staff, Repayment

Welcome to PalmPay, where financial flexibility and convenience are at your fingertips. As someone who’s recently joined the PalmPay family, you’re likely eager to explore all the features and benefits this mobile payment platform has to offer. But there’s one essential element that’s the key to unlocking some money is your very own invitation code.

Without this unique code, using the PalmPay can be a challenging. 

But fret not! In this comprehensive guide, I will teach you somethings you need to know about PalmPay Flexi Cash, the importance of your PalmPay invitation code, staff benefits, and the ins and outs of repayment. By the end of this journey, you’ll be armed with all the knowledge you need 

So, without further ado, let’s embark on this. 

Who Qualifies for PalmPay Flexi Cash?

Before you can take advantage of PalmPay Flexi Cash, you need to meet certain eligibility criteria, including:

1. Nigerian Citizenship

To access PalmPay Flexi Cash, you must be a Nigerian citizen.

2. Age Requirement

Applicants must be at least 18 years old to be eligible for PalmPay Flexi Cash.

3. Valid Nigerian ID Card

A valid Nigerian ID card is a must-have for the application process.

4. PalmPay Account

You’ll need an active PalmPay account to apply for PalmPay Flexi Cash.

5. Good Credit Score

A positive credit history is essential for approval.

How Much Can You Borrow with PalmPay Flexi Cash?

The amount you can borrow through PalmPay Flexi Cash depends on your credit score and the repayment terms you choose.

With PalmPay Flexi Cash, you can borrow up to N200,000, providing you with substantial financial flexibility.

Palmpay Flexi cash Interest Rates and Fees

Interest rates and fees associated with PalmPay Flexi Cash vary according to the chosen repayment terms. Let’s explore the details:

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1. 30 Days: 15% Interest Rate

For a 30-day repayment period, you’ll face a 15% interest rate.

2. 60 Days: 20% Interest Rate

Opting for a 60-day repayment term will result in a 20% interest rate.

3. 90 Days: 25% Interest Rate

For those who prefer a 90-day repayment period, the interest rate is set at 25%.

4. Processing Fee

For every loan, there is a processing fee of N100.

How to Apply for PalmPay Flexi Cash

Getting started with PalmPay Flexi Cash is a straightforward process. Follow these simple steps:

Step 1: Download the PalmPay App

Begin by downloading the PalmPay app from the Google Play Store or the App Store.

Step 2: Create an Account

Create your account and complete the identity verification process.

Step 3: Loan Application

Navigate to the “Loans” tab and select “Flexi Cash.” Fill out the loan application form meticulously.

Step 4: Submission

Once your application is complete, submit it for review.

How to UsePalmPay Flexi Cash

Once your loan application is approved, you can harness the power of PalmPay Flexi Cash for various financial needs:

  • Making Purchases

You can use your Flexi Cash funds to make purchases at any merchant that accepts PalmPay. 

  • Bank Transfers

Transfer funds to your bank account or utilize them to pay bills and subscriptions.

How to Repay Your PalmPay Flexi Cash Loan

Repaying your loan is hassle-free with PalmPay Flexi Cash. You can choose to settle your debt in full or through installments.

Automatic Repayments

Set up automatic repayments for seamless deductions from your PalmPay wallet.

Manual Repayments

Alternatively, you can manually repay your loan by transferring funds from your bank account to your PalmPay wallet.

How to Use an Invitation Code

Simply enter the invitation code during your loan application process to unlock exclusive offers.

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PalmPay Flexi Cash for Staff

PalmPay extends a special offering for staff members of select companies, providing them with enhanced benefits:

If you’re a staff member, contact your employer to inquire about participation in the program.

The benefits of Repaying Your Loan Early

Should you wish to repay your PalmPay Flexi Cash loan ahead of schedule, you can do so without incurring any penalties. However, you are still responsible for the interest accrued.

What to expect from Missed Repayments

If, for any reason, you miss a repayment, PalmPay will guide you on the appropriate steps to take. It’s important to address any missed payments promptly to avoid complications.


That’s all about PalmPay Flexi Cash, Palmpay Invitation Code, Staff, Repayment. I hope you find this insightful. 


Can I borrow money from my PalmPay account?

Yes, you can borrow money from your PalmPay account. PalmPay offers a loan product called Flexi Cash, which allows you to borrow up to ₦200,000 instantly. 

How do I get approved for Flexi Finance?

The requirements for getting approved for Flexi Finance vary depending on your location, but some general requirements include:

  • Be at least 18 years old
  • Have a valid ID
  • Have a stable income
  • Have a good credit score

What will happen if you don’t pay Flexi Finance?

If you don’t pay Flexi Finance, you will face a some consequences, including:

  • You will be charged a late payment fee of 1% of the outstanding balance per day.
  • Your interest rate may be increased.
  • You may be blacklisted by Flexi Finance and other lenders.
  • You may be taken to court.
  • Your wages may be garnished.
  • Your assets may be seized.

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