| Interest Rate | 45% |
| Duration | 7 days |
| Access Level | Public |
| Company Name | PalmCash |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | cotchaisom@gmail.com |
| Views | 1,138 |
COMPANY PROFILE
PalmCash is a leading loan app company in Nigeria, offering fast, convenient, and secure loan services to meet the financial needs of individuals. Our goal is to provide an accessible, easy-to-use platform that offers loan services with high transparency, affordability, and security.
ABOUT US
At PalmCash, we are passionate about helping people achieve their financial goals by providing loan services that are simple, convenient, and flexible. Our team consists of experienced professionals who are dedicated to delivering exceptional customer service and providing loan services that meet the diverse needs of our clients.
COMPANY SERVICES
PalmCash offers a range of loan services to meet the financial needs of individuals in Nigeria. We provide loans with loan amounts ranging from ₦1,500 to ₦800,000 with repayment periods from 91 days to 12 months at monthly interest rates that range from 2% to 3% (APRs from 24% to 35.99%). Our loans are fast, secure, and accessible, making it easy for our clients to get the financial support they need when they need it.
OUR MISSION Our mission is to provide accessible, affordable and secure loan services to individuals in Nigeria. We aim to empower our clients to achieve their financial goals by providing them with the financial support they need to reach their dreams.
OUR VISION
Our vision is to be the leading loan app company in Nigeria, providing the most comprehensive and accessible loan services to individuals. We aim to be a reliable partner for our clients and help them achieve financial freedom and stability.
OUR CORE VALUES
At PalmCash, our core values are at the heart of everything we do. We believe in providing excellent customer service, being a cooperative partner, ensuring ease of use, and ensuring the security of our clients' information.
EXCELLENT CUSTOMER SERVICE At PalmCash, we understand the importance of delivering exceptional customer service. Our team is dedicated to ensuring that our clients are treated with respect and provided with the support they need to achieve their financial goals.
COOPERATIVE PARTNER
We believe in working closely with our clients to understand their needs and provide them with the best loan services to meet their financial requirements. We are committed to being a reliable and supportive partner for our clients, helping them achieve their financial goals.
EASE OF USE
At PalmCash, we understand that time is a valuable commodity, so we have designed our platform to be easy to use and accessible. Our clients can apply for a loan with just a few clicks and receive their approved loan amount in minutes, all from the comfort of their own homes.
SECURITY
The security of our client's information is of utmost importance to us. We use encryption and other advanced security measures to protect our client's personal and financial information. Our privacy policy outlines how we collect, use, protect, and handle our client's personal information, and we take our responsibility to protect this information very seriously.
INSTANT LOANS
At PalmCash, we believe that financial support should be available when needed, which is why we offer instant loans. Our clients can receive their approved loan amount in minutes, straight into their bank account. This allows them to get the financial support they need quickly and easily.
Expert Counsel
Let's delve into PalmCash and its practices. Firstly, it's important to note that this service may resort to sending SMS messages to your contacts if you owe them money. Additionally, they may escalate by sending derogatory messages via WhatsApp if your payment is just one day overdue.
Typically, PalmCash offers repayment plans spanning from 6 to 14 days, which can be challenging to fulfill. Moreover, their overdue interest rates range from 5% to 7% per day, potentially leading to a cycle of increasing debt.
It's crucial to understand that repaying them after they defame you may not solve the issue, as they profit from tarnishing your reputation. These loan apps lack proper licensing and rely solely on defamatory tactics to enforce repayment.
Borrowing from other loan apps to settle your debt with PalmCash can exacerbate your financial troubles, as you may find yourself trapped in a spiral of debt across multiple platforms.
To mitigate their impact, consider installing Truecaller to identify their calls and block their contacts. Furthermore, the most effective solution to break free from loan sharks like PalmCash is to cease borrowing altogether.
Taking proactive measures such as blocking them on WhatsApp and reporting their activities on WhatsApp and Google Play Store directly can help protect yourself and others from falling victim to their practices.
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Reviews
I would never recommend this loan app to anyone. The interest rate was astronomical, and the loan terms were not transparent
- 3/17/2023
This loan app was a ripoff. The interest rate was so high that it was impossible to pay back on time
- 3/16/2023
"I used this loan app, and it was a nightmare. The interest rate was predatory, and the repayment plan was unrealistic
- 2/27/2023
The loan app seemed promising at first, but the high interest rate made it difficult to pay back on time
- 2/26/2023
This loan app was a disaster. The approval rate was low, and the loan terms were unclear
- 2/23/2023
I regret using this loan app. The loan duration was too short, and the repayment terms were not feasible
- 2/12/2023
This loan app was a scam. The interest rate was incredibly high, and the customer service was non-existent.
- 2/9/2023
I would not recommend this loan app to anyone. The loan application process was confusing, and the terms and conditions were not transparent
- 1/31/2023
had a terrible experience with this loan app. The customer service was unresponsive, and the loan terms were misleading
- 1/28/2023
"I used this loan app, and it was a mistake. The interest rate was so high that I ended up paying more than double the original loan amount.
- 1/24/2023
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