FAQS

What is Credpal?
CredPal is a fintech company in Nigeria that lets businesses and individuals buy items from merchants online and offline and pay for them in instalments by providing them with instant access to credit at the point of checkout.

Credpal allows you to Buy now pay later and Split payments into 6 (months). With Credpal you can Enjoy a flexible payment option that allows you to buy items or products you want and spread the payments in 6 months.

Is Credpal a loan App or A Buy Now Pay Later Platform?
It is both. Credpal offers credit access for businesses and individuals across developing economies by issuing credit cards and loans.

Because Credpal offers consumers access to credit for their everyday needs and also for small and large ticket purchases, Credpal is a loan app as well as a Buy Now Pay Later platform.

However, you should note that Credpal loans are only offered to working-class individuals.

Is Credpal legit?
Yes, it is a legit company, Credpal already has thousands of users using its services besides the merchants (partners) like Shoprite, Mykonos on the Roof, Airtel, EdenLife, Pointek & BurgerKing, shows that Credpal is a legit consumer financing company.

Who owns Credpal? Who is the CEO? When was it founded?
Credpal was founded in 2018 by Fehintolu Olaogun and Olorunfemi Jegede. At the moment Fehintolu Olaogun is the CEO of Credpal while Olorunfemi Jegede is the COO.

 


How does credpal work? What Services does it Offer?
CredPal consumer financing service involves offering credit cards and loans to consumers. As well as Buy Now Pay Later service from Merchants on its Marketplace, where users can buy items and split payments into instalments and where merchants can increase revenue as well

 

Major requirements are:
1. BVN (Bank Verification Number)
2. Automated bank statement (6 months)
3. Government ID card (voter's card, NIN or International passport)
4. Business address and home address
5. C.A.C Document.
FOR EMPLOYED CUSTOMERS,
We are excited to inform you that we offer SPREAD PAYMENT on all phones, laptops, watches, earbuds and all other items.

Major requirements are:
1. BVN (Bank Verification Number)
2. Automated bank statement (6 months)
3. Government ID card (voter's card, NIN or International passport)
4. Work ID card/ Employment Letter.