PayLater: An Online Lending Platform In Nigeria That Actually Works

In a situation whereby one sees something one desperately needs to buy but doesn’t have enough money at that particular time to purchase it, platforms like PayLater does well to come to the rescue. Without a doubt, there has been an increase in the desire for credit facilities to cater to various needs. While getting loans for business purposes from lending institutions like the banks may still be a drag and prove a herculean task in Nigeria, other less capital-intensive purposed needs tend to get the nod.

For instance, borrow me credit which is an incentive given by most mobile communication networks like MTN, GLO, AIRTEL etc., to their customers, does well to enable them to borrow units of stipulated amounts when they run out of airtime for their mobiles at odd times. These odd times could be, lack of money to buy airtime to make or complete an important call, it’s in the middle of the night and airtime vendors are closed or simply that one’s airtime runs out in an area where vendors aren’t close by.


When the customer punches on the right codes attribute to the network provider, credit is loaded on the customer’s phone. The network provider would then get back their money whenever the customer recharges as well as little charges for the service rendered.

In terms of retail credit facilities or business needs, PayLater couldn’t have come at a much better time, given that the festive season is just around the corner and there’s going to be a lot of impulse buying. The need for that extra cash to meet up with expenses or emergencies are high during this period.

PayLater is therefore, an online lending platform that provides short-term loans in Nigeria via a mobile app. If there is one thing I know as a Nigerian, it is that you should not trust anyone with money (especially Nigerians), but PayLater is defying all odds.

PayLater has been very active on social media offering quick short loans (no paperwork needed, no collateral needed), you just need to fill in the right information where needed, have a good credit record and you are good to go. It also good to know not every loan on PayLater gets accepted, so don’t think this is a get money quick and jet off plan.

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Paylater provides short loans via its mobile app, making the process paperless and swift as possible. Their services are currently available in Nigeria. The beauty of the Paylater app is that it is truly easy to use, fast, well designed and it actually works.

Paylater is said to be at your service 24 hours a day, 7 days a week, which means once you have your account setup you can access loans at any time of the day regardless of location, all you need is an internet connection and access to your Paylater app.

How It Works


At the moment you can only access a Paylater loan via its mobile app available HERE. Once you’ve downloaded the app, you have to signup before you can make a request for a loan. To have your account fully updated, you will need the following:

  • Name
  • Employment Details
  • Home Address
  • Account Number
  • BVN PIN, and
  • A Profile Picture Taken From Your Phone (This is needed when trying to request a loan).
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Paylater promises that all details provided are safe, as the information is encrypted for your security and confidentiality. This is a normal clause attached to such data requiring platforms. It is done to give users and subscribers alike the confidence to divulge sensitive details about them which they normally wouldn’t like to be made public.

With every platform of this nature created, there are bound to be some advantages as well as some disadvantages. The following are therefore pros and cons of using the Paylater service.

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Pros Of Paylater

  • Easy to use
  • Lovely Interface
  • It does what it promises
  • No hidden Charges (All fees are clearly laid out upfront before you apply)
  • Very good and effective customer service support


  • Currently only available on google play.
  • It could take 24 hours or more to actually get your first loan.

The next time you are looking for a reliable credit enabling platform for your shopping escapades, do not hesitate to try “Paylater.” This platform definitely breaks the norm of lack of innovative technologically inspired mediums through which Nigerians can make payments without having enough money at a particular moment. Try it and be amazed!


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