Paylater

Paylater is a newly launched lending platform operated by microfinance bank One Finance. Paylater can be accessed via app and provides small micro loans. The maximum amount people can borrow via Paylater is ₦20,000, while the duration is either 15 days or 30 days. The Paylater App is fully automated, so you immediately see whether you are eligible for a quick loan.

Are you looking for a Paylater Loan?

Type in your data and check if you qualify. It only takes 45 seconds to check.
- +

Your information will be sent directly to Paylater

Paylater Products

More about Paylater

The Paylater app fills a gap in the Nigerian lending space, which was strongly awaited by Nigerian consumers: instant lending of micro loans without any paperwork attached. This way of lending is already very successful in many countries around the world and Paylater achieved to be a first mover in Nigeria. In order to get a quick loan, customers need to download the Paylater app and create a profile with their Facebook profile. After deciding on a loan amount as well as on a tenor, the paylater app directly gives you a response whether you qualify for a paylater loan or not. In case of your eligibility, customers can pick up the money at any bank in Nigeria and pay it back in cash or via bank transfer. For some banks, immediate cash payout is possible, while other banks, running on different banking software, need 24h to disburse the money.
Paylater is owned by the Nigerian microfinance bank One Finance, which offers personal loans without collateral to private individuals as well as SMEs. With the introduction of Paylater, One Finance is now able to supply a much broader audience with quick loans. The Paylater interest rate amounts to 1% daily.

The Paylater app fills a gap in the Nigerian lending space, which was strongly awaited by Nigerian consumers: instant lending of micro loans without any paperwork attached. This way of lending is already very successful in many countries around the world and Paylater achieved to be a first mover in Nigeria. In order to get a quick loan, customers need to download the Paylater app and create a profile with their Facebook profile. After deciding on a loan amount as well as on a tenor, the paylater app directly gives you a response whether you qualify for a paylater loan or not. In case of your eligibility, customers can pick up the money at any bank in Nigeria and pay it back in cash or via bank transfer. For some banks, immediate cash payout is possible, while other banks, running on different banking software, need 24h to disburse the money.
Paylater is owned by the Nigerian microfinance bank One Finance, which offers personal loans without collateral to private individuals as well as SMEs. With the introduction of Paylater, One Finance is now able to supply a much broader audience with quick loans. The Paylater interest rate amounts to 1% daily.