Interest Rate (28% – 31%)





Paylater is an automated lending service focused on increasing access to credit financially under-served/excluded individuals around Africa.

Loan decisions are provided within 15 seconds and if approved, the applicant receives funds within 5 minutes. 24 hours a day, 7 days a week. Loans of up to N1m Naira delivered via an Android mobile app, with lending decisions provided almost instantly. The usual amount for new borrowers is N10k

Loans from moneylenders are designed to be short term loans that are designed to tide you over to the next payday. It is best for anyone looking for an unsecured personal consumer loan, students and individual’s ineligible for typical bank loans due to thin credit files.


  • High maximum loan
  • Fast loan approval process within minutes


  • Geographic restrictions to Lagos
  • Extensive paperwork



  • Download the app
  • sign in or sign up to identify yourself and this will take you to our brief
  • Complete an application with valid information, then determine how much you would like to borrow.
  • Submit your application.