If you’re using PalmCredit and want to check how much you owe, your available loan balance, or when your repayment is due, this guide will show you how to do it easily using the app.
Most users forget to check their active loan balance until the due date, but it’s always better to keep track early, so you won’t get any late charges or messages from PalmCredit.
PalmCredit makes it very easy to see your current loan status, repayment date, and any amount you owe, all from your dashboard once you log in.
About the PalmCredit App
PalmCredit is a mobile loan app powered by Newedge Finance Limited, licensed by the Central Bank of Nigeria (CBN).
It gives instant loans to users without any paperwork or collateral. You can apply and get credited in less than 10 minutes.
Through the app, users can borrow up to ₦800,000, repay flexibly, and even increase their credit limit when they repay early.
Steps to Check Your Loan Balance on the PalmCredit App
Follow these steps to view your active loan or check how much you owe:
Step 1: Open the PalmCredit app on your phone.
If you haven’t logged in yet, enter your registered phone number and verification code.
Step 2: On your account dashboard, you’ll see your current credit limit and loan summary.
Step 3: Tap on Loan tab below the screen.
This section shows:
- Amount borrowed
- Remaining balance
- Next repayment date
- Total interest due
Step 4: Tap “Repayment Details” to see the full breakdown, including how much you’ve already paid and how much is left.
Step 5: You can also enable repayment reminders inside the app to avoid missing your due date.
That’s all, you can check your PalmCredit loan balance anytime, anywhere, as long as you have an internet connection.
Alternative Way to Check Loan Balance
If the app is not opening or you’re having issues logging in, you can contact PalmCredit customer care directly.
Send them an email or call their hotline using your registered phone number. They’ll confirm your details and tell you your current loan balance.
FAQs
1. Can I check my PalmCredit loan balance without the app?
No. The main method to check is through the app or by contacting customer care.
2. What happens if I don’t repay on time?
PalmCredit adds a small late fee and may reduce your credit score, which can affect your next loan approval.
3. Can I see my old loans too?
Yes. Go to your loan history section inside the app to view past repayments.
4. How do I know when my next repayment is due?
The date is always displayed under your active loan summary. You’ll also get SMS and in-app reminders before the due date.
Conclusion
Checking your PalmCredit loan balance regularly helps you stay in control of your borrowing. It takes less than a minute once you open the app, and you’ll clearly see what you owe, the due date, and how much interest is left.
Always make sure you repay before the deadline to avoid any late charges. If you’re having trouble logging in, just reach out to PalmCredit support, they’ll sort it out quickly.
