1. Salary Earners (PayCredit Payday Loans)
Who qualifies?
If you’re a salaried individual in Nigeria, you’re eligible for a PayCredit payday loan — as long as you meet our basic criteria.
Typical qualifiers include:
- Regular monthly income (from formal or informal employment)
- A valid bank account in Nigeria
- A working mobile number and email address
- Age 18 years or older
- Ability to repay within the specified term
How loan approval works:
Once you apply on the PayCredit app and complete registration, our system evaluates your profile using responsible lending criteria. If your income profile and repayment capacity meet our standards, you’ll be approved quickly — often within hours.
2. Small Business Owners (PayCredit SME Loans)
Who qualifies?
If you run a small or micro business — formal or informal — you may qualify for an SME loan.
Examples include:
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Market traders
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Online sellers
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Hairstylists & tailors
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Uber/Bolt drivers
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Artisans & freelancers
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Small shop owners
What we look for:
- Evidence of consistent business activity
- Sales or revenue flow (even if informal)
- A bank account for repayment
- Age 18+
You don’t need a formal business registration to qualify — as long as your business shows consistent activity and you can demonstrate repayment ability.
How Qualification Works for Both Loans
PayCredit evaluates loan applications based on:
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Income stability
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Repayment capacity
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Banking history
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Loan history (if you’ve borrowed from us before)
No paperwork hassle. No office visits.
Just a simple, digital process designed for convenience and speed.
Responsible Borrowing Is Key
Qualifying for a loan is one part — using it wisely is the most important. Always borrow what you need and can repay comfortably, and stick to repayment timelines to:
- Avoid penalties
- Build a positive borrowing profile
- Unlock higher limits in the future
Final Thought
PayCredit payday and SME loans are built for real people — whether you’re a salary earner trying to bridge a gap, or a business owner looking to keep things moving.
If you meet the basic criteria above, you’re on your way to quick, transparent financial support.
Apply today and experience simple, stress-free loans with PayCredit.
