Olamide Famuwagun

PayStack – An easy way to receive payments

May 30, 2022 by Olamide Famuwagun

Every business needs a seamless way to receive payments from customers. Hence, online payment gateways are most suitable to perform this task. PayStack is a payment platform that allows you to receive payments without any hassle. Basically, this platform facilitates an easy and seamless payment process for both you and your customer.

An Overview of PayStack

PayStack is a digital payment gateway that makes it easy for businesses to receive online payments from their customers. Basically, this platform enables individuals and businesses to accept payments easily.

The privately-owned company was launched in 2015. However, its product became ready for the public in 2016. With this payment platform, brands can receive payments across Africa. Also, entrepreneurs who are seeking to grow their businesses can achieve this by accepting local and international payments seamlessly. However, they are limited to local payment and do not process foreign remittance at the time of this writing.

What Products does PayStack offer?

Basically, this platform primarily enables individuals and businesses to receive payments online. This can be done through websites, payment links, online stores, as well as invoices. All you need to do is just integrate paystack into your website and start receiving payments seamlessly. Your customers can pay you through their Bank Account, Card, USSD, Bank Transfer, Visa QR, as well as Mobile Money.

Also, this platform allows you to access other services like:

1. Make instant transfers

2. Know how your business is performing by providing you with detailed reports and alerts

3. Super easy reconciliation

4. Recover all your transaction and customer data

5. Verify the identity of your customers, get customer insights, and many more.

To get a full list of the services this platform provides, you can visit their official website and check it out.

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How can I register on PayStack?

Basically you can register on this platform via their mobile app or web platform. To register via their web platform, follow these steps:

1. Go to their official web platform. You can get a direct link to their web platform below.

2. Next, go to the menu and click “Create Free Account”.

3. Thereafter, fill in your basic details then click on “Create My Account” once you are done.

To register via the mobile app, just download the app through the Play Store or App Store and create a free account.

What documents do I need to register on PayStack?

To register for free on this platform, you need your business name, country, first name, last name, email address, and phone number.

How safe is PayStack?

This platform is a very secure payment gateway. Basically, this payment platform utilizes a token system. This system generates public and private keys to protect every payment that occurs through the platform. Also, the platform has implemented other sensitive security measures to ensure that it is safe.

What is the transaction fee on PayStack?

This platform charges you a transaction fee of 1.5% of every transaction that occurs. Also, they subtract a token of ₦100 on local cards. As for international cards, the platform charges 3.9% + a token of ₦100. However, if your transaction is less than ₦2500, you will not be charged the ₦100 fee. The Cards supported on this platform include Visa, MasterCard, and Verve.

How can I download the PayStack app?

Here’s how you can download this app:

1. Open the Google Play Store app you can find on your android device. Open the App Store if you use an iPhone.

2. Next, search for “PayStack”

3. Download the app and create a free account.

How can I contact PayStack?

Here are the ways you can contact PayStack:

Address: 126 Joel Ogunnaike Street, Ikeja GRA, Ikeja, Lagos, Nigeria

Phone Number: +234 163 16160

Email Address: hello@paystack.com

Website: www.paystack.com

Bottom Line

PayStack is primarily an online payment gateway that enables businesses to accept payments digitally. Also, this platform offers other services that aim to increase the growth and productivity of your business. Essentially, they help to make the payment process seamless for both you and your customers.

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Interswitch – Everything you need to know

May 23, 2022 by Olamide Famuwagun

If you own a business that needs a payment solution specifically designed to suit the needs of your company and its customers, you do not need to worry. Interswitch is a company that designs digital payment solutions for businesses. This makes it possible for payments to be easy and seamless. When all payments are made digitally, customers get less stressed and your business moves smoothly.

An Overview of Interswitch

Interswitch is one of Africa’s leading integrated payments and digital commerce platform companies. Basically, this company designs and promotes digital payment solutions for businesses, making it possible for businesses to thrive.

The privately-owned company was established in 2002 in Nigeria, as a transaction switching and electronic payments organization with a national focus. Over the years, they have grown to integrate consumer financial services by successfully launching Quickteller, a retail payments ecosystem. Basically, the organisation aims to create and uphold a payment ecosystem that helps businesses grow and individuals thrive.

What Products does Interswitch offer?

Here are the products that this platform offers people:

1. Everyday Payments for Individuals

Basically, this platform enhances your digital lifestyle with payment solutions you can use every day. This category is further subdivided into Quickteller and Quickteller Paypoint.

2. Payment Solutions for SMEs and Corporates

With this platform, businesses have access to faster solutions for transaction processing, remittance, and enablement.

3. Payment Cards and Tokens

You can obtain fast payment cards (Verve) for the smooth running of your business. Basically, there are primarily three types of Verve cards. They are: Verve classic cards, Verve Prepaid Card, and Verve paycode

4. Payment solutions for industries

This involves providing Industry-centered payment solutions for sustainable growth. These include Interswitch health, lending services, transport, energy, and loyalty services.

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How can I register on Interswitch?

To register and access any product this platform offers, you need to contact a consultant directly. Here’s how to do this:

1. Visit their official website.

2. Next, scroll down to the bottom of the page and click on “Contact Us”.

3. Thereafter, click on ‘contact a sales consultant’ to direct you on how to register and access their products.

However, if you want to register as an individual and access basic services, just download the Quickteller or Verve World app and register through the app.

How can I become an agent for Interswitch?

The steps to becoming an agent for this platform are simple. Follow these instructions:

1. Go to their official website through the direct link below. Click on “Financial Inclusion” in the taskbar.

2. Next, scroll down and click on “Sign Up To Become An Agent”.

3. Thereafter, read the requirements and if you meet them, you can scroll down to where you will find an application form.

4. Enter your details on the application form and tap “Get Started”.

What are the requirements for becoming an agent for Interswitch?

Basically, if you want to become an agent, you must meet the minimum requirements below:

1. Possess a valid business location. The location of your business should be in a visible and open area or have a reasonable number of customers.

2. Contact the platform and provide personal and business details. Thereafter, you must fill out the agent registration form and contract form.

3. Submit copies of your proof of ID and your location documents (both hard copy and scanned).

4. Pay the startup capital to an IFIS-designated bank account. Basically, this money will find your trading account.

5. You must be willing to get trained in the roles you need to do as an agent.

What documents do I need to register as an agent?

To become an agent, you need your full details including your first and last name, email address, phone number, and company name.

How can I download the Interswitch mobile application?

There are different types of mobile apps for this platform. So, it all depends on the product you are interested in. Basically, you can download either Quickteller or Verve World. To download Quickteller, follow these steps:

1. Go to the App Store on your iOS device. If you use android, go to Google Play Store.

2. Next, type “Quickteller” into the search bar

3. Download the app and register your account.

If you want to download Verve World follow a similar procedure. Just search for Verve World instead.

How can I contact Interswitch?

You can contact Interswitch via the following ways:

Address: Plot 1648C, Oko-Awo Close Victoria Island Lagos, 80164 Nigeria

Phone Number: 234-1-628-3888

Website: www.interswitchgroup.com

Bottom line

Interswitch designs and promotes digital payment solutions for businesses, making it possible for businesses to thrive. Also, they promote financial inclusion through their agent programme. Everything this company does is aimed at improving the payment ecosystem of both Nigeria and Africa at large.

You can obtain a comprehensive loan, tailored to your specific needs by using this platform. Basically, it allows you to compare loans from different lenders across Africa, ensuring the best option doesn’t slip through.

PayHippo – An easy way to borrow loans for your business

May 19, 2022 by Olamide Famuwagun

Do you have a business and need instant loans to keep it running? You are in luck because some digital lending platforms are capable of financing your business. PayHippo is a prominent digital lending platform in Nigeria that provides loans to entrepreneurs so that they can find their businesses. With this platform, you are sure to obtain a loan within 3 hours. It is easy, convenient, and secure.

An Overview of PayHippo

PayHippo is a technology-powered lending platform. Basically, this digital lender offers loans to small and medium-sized businesses, making it easy for people to finance their businesses.

The platform was founded in 2019 by Chioma Ruky Okotcha, Uche Nnadi, Zach Bijesse. If you apply for a loan on this platform, they guarantee that you will receive it within three hours.

What products does PayHippo offer?

This digital lending platform primarily offers collateral-free loans to individuals and businesses in Nigeria. Basically, you can get an instant loan of up to N1,000,000 on this platform. Their loan services are subdivided into two products. They include:

1. SMEs

The SMEs product caters to providing loans to small and medium-sized businesses. Basically, this product offers businesses convenient, hassle-free, and collateral-free loans.

2. Partners

This product enables partners to effortlessly give loans to their customers and get insight into their transaction records.

How can I register on PayHippo?

To register and commence your journey on this platform, follow these easy steps:

1. Go to their website and tap the “Get Started” toolbar.

2. Next, choose if you want to register as a small business or partner.

3. Thereafter, input your basic details and submit them.

Alternatively, you can register via their mobile app. All you have to do is download it from Google Play Store or the App Store.

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What documents do I need to register on PayHippo?

Basically, to sign up on this platform, you will need the following details:

First Name
Surname
Email Address
Birth Date
Phone Number
Referral Code (if you have any)

How can I borrow a loan from PayHippo?

To borrow a loan from this digital lending platform, follow these instructions:

1. First, create an account via the mobile app or web platform.

2. Next, complete your profile. Once you complete your profile and your details have gone through the verification process, you start accessing loans.

3. Lastly, apply for an instant loan on their platform. Ensure that you pay back your loan when it is due.

What is the interest rate on PayHippo?

This platform’s loan offering begins with short-term working capital. The loan duration lasts for 30 days and has a 6% interest rate. Basically, this interest rate is significantly lower than the interest rate charged by other online lenders.

How can I download the PayHippo mobile app?

Here’s how to download this mobile app:

1. Grab your smartphone and go to Google Play Store. If you use an iPhone, visit the App Store on your device.

2. Next, type “PayHippo” in the search bar and search for the app.

3. Lastly, download the app and create your account.

How can I contact PayHippo?

You can contact this digital lender via the following ways:

Address: 174b Corporation Drive, Dolphin Estate, Ikoyi, Lagos, Nigeria

Phone Number: +2349045969825

Email Address: hello@payhippo.ng

Website: www.payhippo.ng

Bottom Line

PayHippo is primarily a platform that offers instant loans to small and medium-sized businesses. If you are an entrepreneur and need a loan, you can apply for it on this platform. Just ensure that you pay back when your loan is due.

Hope Bank – Digital banking made easy

May 16, 2022 by Olamide Famuwagun

Technology has made it easy for everyone to access banking services through smartphones. Basically, this enables you to make transactions easily, conveniently, and at any time. Hope Bank is a bank that offers digitalized banking services to the public. With this banking platform, you can access financial services with ease and convenience.

An Overview of Hope Bank

Hope Bank, short for Hope Payment Service Bank, is Nigeria’s exclusive Digital-first Bank. Basically, this reputable Nigerian bank offers digitalized banking services to the public.

The privately-owned bank was established in September 2019 and uses digital technologies to provide financial services. They have the sole aim to deliver the 4As – Accessibility, Availability, Affordability, and Awareness of Digital Financial Services.

What products does Hope Bank offer?

Basically, this bank offers the following products to the public:

1. Transfer money

This banking platform allows you to send and receive money in an easy, fast, and safe way. Basically, you can receive money to your bank account through transfer using only your phone number. Also, you can transfer money from your account to third parties using just their phone number.

2. Buy Airtime/Data

With this platform, you can make online mobile recharges. This is beneficial because online recharges are quicker and easier with this platform. Basically, you can recharge through their website, mobile app, or USSD code *569*9#. Hence, you enjoy convenient mobile recharge anytime and anywhere.

3. Bill Payment

You can pay your bills conveniently on this banking platform because they offer a variety of billers. This includes your Electricity bill, cable bill, etc

4. Account Opening

The account opening process on this platform is solely digital and self-service. Also, they offer account opening services to both individuals and businesses and provide users with a seamless banking experience.

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How can I register on Hope Bank?

Below are the steps to guide you on how to open an account on this platform:

1. Go to their website and click on “Open an Account”.

2. Next, click on “Register to Get Started”

3. Thereafter, select your account type and input your details in the application form.

Once you do this, wait for them to contact you on the further steps to take.

How can I become an agent for Hope Bank?

If you want to be one of the agents of this bank, follow these steps:

1. Visit their website. You will find a link to the website below.

2. Next, tap on “Become an Agent”.

3. Thereafter, choose your application type. You can choose to become an agent or agent manager either as an individual or a business.

After you have chosen, enter your details in the application form the platform will provide you with. Once you are done, wait for them to verify your details and contact you. Also, you can download the mobile app and complete this same process.

What are the requirements to become a Hope Bank agent?

To become an agent of this bank, you require the following things:

1. A registered business. However, if you are registering as an individual, you do not need this.

2. Financial capacity of N100,000.

3. BVN

4. The capacity to participate in an online training session.

What documents do I need to become an agent?

To become an agent on this platform, you need the following documents:

1. Phone numbers don’t have an account? Click here

2. Email Address (Business)

3. referrer’s Code/Phone Number

4. Business Address

5. State and LGA

How can I download the Hope Bank mobile application?

To download this mobile app, here’s what you need to do:

1. First go to the App Store or Play Store depending on your device.

2. Next, type “Hope digital.

Download the app, register, and enjoy seamless banking services.

How can I contact Hope Bank?

Here’s how you can contact Hope Bank:

Address: Hope Payment Service Bank Ltd, Commerce House, 1, Idowu Taylor Street, Victoria Island, Lagos.

WhatsApp: 09017856291

Phone Number: 01-2272871

Email Address: info@hopepsbank.com

Website: www.hopepsbank.com

Bottom Line

Hope bank is more like a digitised version of conventional banking. Basically, you can access all financial services digitally and at your fingertips. Also, you can become an agent and provide financial services to the public while earning money for yourself. All you have to do is to register your account via the mobile app or web platform.

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Speedy Choice – Everything you need to know

May 13, 2022 by Olamide Famuwagun

Unexpected financial emergencies can be frustrating. In this situation, many people opt for borrowing money from loan platforms since their loan process is easier and less rigid than banks. Speedy Choice is a loan company that provides loans for people in need. In fast and simple steps, they can give you an instant loan.

An Overview of Speedy Choice

Speedy Choice is a lender that provides loans for Nigerians in need. This platform is similar to other loan platforms that provide loans for individuals without collateral. Basically, these loan platforms save you from the stressful process that comes with borrowing from banks. They have their branch office at Ojodu Berger and have their head office at Akute, Ogun state. This company was registered in 2018 with a business registration number of 1522460.

How can I apply for a loan on Speedy Choice?

Here’s how to borrow a loan from this digital loan platform:

1. First contact the company through any of the links you can find below.

2. Next, inform them that you want to borrow a loan.

Lastly, wait for their agents to direct you on the next steps to take to borrow your loan.

What is the loan tenure on Speedy Choice?

Basically, the loan tenure depends on the amount of money you borrow. If you borrow a small amount of money, they may give you a tenure of 1 month. However, the tenure for larger sums of money may take up to 3 months.

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What are the requirements to borrow a loan from Speedy Choice?

There are some necessities you must meet to be eligible for the loan. They include:

1. You have to live in Nigeria and be a citizen.

2. You have to be within the age bracket of 20 to 55 years.

3. You must have a credible source of income. Basically, this helps them determine the minimum and maximum amount of money you can borrow.

4. The personal information you used during your registration must be valid.

How much can I borrow?

The loan amount you can borrow ranges from ₦3,000 up to ₦150,000. Basically, the amount of money you can borrow depends on your credit score. Your credit score increases when you borrow and pay it back in time.

What is the interest rate?

This loan platform charges an interest of 5 – 10%. Also, the interest on your loan will increase for each day you default on your loan repayment. Hence, you have to pay back any loan you borrow on or before the due date.

Does Speedy Choice have a mobile app?

No, this company does not have a mobile application yet. However, if you want to borrow a loan or need to ask questions, just contact them.

How can I contact Speedy Choice?

You can contact Speedy Choice via the following ways:

Address: 8, Ariyo, off Olutola street, Ojodu-Berger, Lagos

Phone Number: 07035514253

Email Address: Speedychoicelimited@gmail.com

Bottom Line

Speedy Choice is a money lender that offers collateral-free loans to individuals in need. With just your basic details, you will be able to borrow a loan of up to N150,000. Basically, this way makes borrowing easier, more convenient, and straightforward.

Need a loan? Kindly check out this platform that allows you to compare loans from several lenders in minutes. This would help you make the best decision for you.

KashKash – An Easy Way to Get Loans

May 5, 2022 by Olamide Famuwagun

KashKash is a Nigerian financial service provider. They offer flexible short-term loans for personal and business use. The loan amount ranges from ₦10,000 to ₦100,000 with repayment periods ranging from 91 days to 365 days.

The annual percentage rate (APR) ranges from 12% to 34% per year. KashKash offers eligible loan applicants the ability to get up to ₦200,000.

KashKash has received mixed reviews on the Google Play Store. Some users have reported issues with the app, such as being credited with loans they did not request for. Others have reported issues with part payments not reflecting on the app.

How to Apply For Loan On Kashkash

However, KashKash has provided prompt assistance to users who have reported issues. To apply for loan follow these steps:

1. Download the KashKash quick loan app

2. Next, create your account by filling out basic information and submitting it once you are done.

3. Thereafter, apply for your loan online and you will receive it straight into your bank account in less than 10 minutes.

Get a loan up to N100,000 at the best affordable rates in Nigeria

How to Download the KashKash App?

To get this loan app, follow these instructions:

1. Take your android mobile device and go to Google Play. If you use an iOS device, open the App Store.

2. Next, type “KashKash” in the search bar.

3. Download the loan app and register on it to be able to borrow money.

What Are the Requirements to Get a Loan?

To apply for a loan on the Kashkash platform, you must meet these criteria:

You must be a Nigerian citizen or resident with a valid means of identification.
You must be at least 18 years old.
You must have a verifiable source of income.
You must have an active bank account linked to your BVN.

Once you fulfil these conditions, you can download the KashKash app. Then, register an account using your phone number.

Next, provide your basic information and submit the loan application. The loan amount is then disbursed directly into the applicant’s bank account.

You can also check out: EasyCredit – The fastest way to borrow a loan

What Happens if You Don’t Repay KashKash Loan in Time?

If you don’t repay your loans in time, you will be unable to collect another loan. Also, owing affects your credit score and increases the interest rate daily. Hence, the amount you owe will continue to increase till you pay it back.

The Benefits of Using the KashKash Loan App?

Here are some of the amazing benefits of this loan platform:

1. Zero hidden charges

2. You can borrow funds of up to N200,000

3. This platform is secure, reliable, as well as flexible

4. You can select your payment tenure

5. This platform is available 24 hours, every day of the week.

How to Contact KashKash?

You can contact KashKash through these ways:

Address: Room 301, Jopebi road No. 62, Ikeja, Lagos, Nigeria

Email Address: help@kashkash.ng

Phone Number: 09087614169, 09087614170

Conclusion

KashKash is a legit loan platform that is capable of giving you access to instant loans without collateral. Also, you do not need to go through any stress before applying for the loan, unlike conventional bank loans. However, ensure that you pay back your loan in due time to avoid running into debt.

Do you need a loan? Be sure to visit this loan platform that allows you to compare loans from different lenders in minutes. It offers the best and ensures that you get nothing less.

EasyCredit – The fastest way to borrow a loan

May 2, 2022 by Olamide Famuwagun

It is normal for everyone to run into a financial crisis at one point or another and need a loan to cover bills. Hence, most people prefer to use online loan platforms to access instant loans due to the stress it takes to obtain a conventional bank loan. EasyCredit is one of the prominent loan platforms in Nigeria that offers you instant loans easily and conveniently. With this loan platform, you can access loans from the comfort of your home within a few minutes.

An Overview of EasyCredit

EasyCredit is a popular loan platform in Nigeria. Basically, this loan company offers Nigerians quick and easy access to instant loans. Many Nigerians have benefited from this platform since it has lots of positive reviews on the Google Play store. With this platform, you can access instant loans of up to N500,000 depending on your creditworthiness.

What service does EasyCredit offer?

As stated earlier, this platform primarily offers you loan services. Basically, they offer you access to loans varying from 2000 Naira to 500,000 Naira. You can get this loan in less than 10 minutes.

How can I register and apply for a loan on EasyCredit?

1. First, download the EasyCredit loan app on Google Play Store.

2. Next, open the app and create an account by providing relevant information about yourself. This includes your employment status, BVN number, a valid ID, etc.

3. Thereafter, verify that the information you entered is accurate.

Lastly, wait for approval after this. Once the platform verifies your account, you can now apply for your loan and receive it instantly.

Get a loan up to N100,000 at the best affordable rates in Nigeria

How much can I borrow from EasyCredit?

You can borrow any amount of loan you want ranging from 2000 Naira to 500,000 Naira. Basically, the amount of loan you can borrow will increase if you repay your loan on time. For example, if you borrow a loan of 2,000 Naira for a start and pay it back on time, you will be able to borrow a higher amount next time.

How long is EasyCredit loan repayment period?

Basically, this loan platform gives you up to 3 months for you to repay your loan. It primarily depends on the initial agreement you made when you were applying for the loan.

How can I repay an EasyCredit loan?

Follow these simple steps to repay your loan:

1. First, open the app on your device and log in to your account.

2. Next, click on “My Loan” and select one of your loans.

3. Thereafter, tap “Repay in Advance” and verify that all details are correct then click on “Repay now”.

Lastly, select your repayment method and press “Repay now” to complete your loan repayment.

What are the benefits of using this loan app?

With this platform, there is no paperwork, mortgage, or even office access needed before you can obtain your loan. Also, you get the freedom to use your loan the way you want – for either personal or business use. Their loan services are available 24 hours every day of the week.

What happens if I don’t pay back my loan?

If you do not pay back your loan on time, you will get blacklisted and this automatically reduces your creditworthiness. Also, you may not be able to request another loan. Additionally, your loan will automatically begin to incur a fee of 2% per day after your due date.

How can I download EasyCredit app?

To download this loan app, follow the steps below:

1. Take your Android device and open Google Play Store.

2. Next, type “EasyCredit” in the search bar and then download the app.

Lastly, open the app and register to start borrowing.

What is the interest rate on EasyCredit Loan App?

This platform has a loan interest rate of 12% – 36%APR, with a zero service fee. Basically, your loan amount and tenure are calculated using your credit score and creditworthiness. Hence, you need to keep a good credit score and repay your loan on time so that you can be eligible for higher amounts.

How can I contact EasyCredit?

Here’s how you can contact this loan app:

Address: Opebi road No. 20, Ikeja, Lagos

Email: help@easycredit.app

WhatsApp: 2348088227615

Hotline: 09087614188

Bottom Line

It is safe to borrow loans from EasyCredit. However, you need to first consider your capability to repay the loan before borrowing it. If you know you will be unable to repay the loan when the payment is due, you should not take the loan to avoid being in debt.

Do you need a loan? Be sure to visit this loan platform that allows you to compare loans from different lenders in minutes. It offers the best and ensures that you get nothing less.

Can a Retired Person Get a Payday Loan?

April 18, 2022 by Olamide Famuwagun

It is normal for every working-class person to get bothered about retirement, especially when it’s close. Usually, people in this situation ask a lot of questions concerning their finances and how to get cash when they retire. One of the most common questions people ask is “Can a Retired Person Get a Payday Loan?”. Here is a direct answer to that question and other questions about applying for a retirement loan.

Can a Retired Person Get a Payday Loan?

The straightforward answer to this question is: yes, a retired person can get a payday loan. Whether you are obtaining a personal loan, funding the purchase of a new car, or even remortgaging your property, loans in retirement are feasible.

Get a loan up to N100,000 at the best affordable rates in Nigeria

What do lenders consider when I apply for a loan in retirement?

Basically, there are several considerations to keep in mind if you’re imagining how to get a loan when you retire. Before you start planning, you need to realize that retirement is equivalent to making financial changes that you would not have considered pre-retirement.

Essentially, since you’ve lost your regular income from employment, lenders will be cautious of your financial status. Moreover, you will become a greater risk since you’re not earning a regular income. This is because having a regular income is what makes you capable of obtaining a loan.

However, if the lender checks your pension and finds it suitable to repay the loan, you have overcome one major hurdle to taking out a loan. Other factors lenders consider include:

1. Your assets

If you choose to obtain a secured loan, you will likely use your assets as security. Basically, before you take out a secured loan, it’s crucial to consider the financial repercussions. If you are incapable of repaying the loan, lenders will repossess your property. Hence, it is necessary to bear these risks in mind before you commit to this kind of loan agreement.

2. Your age

Usually, most lenders set a maximum age for their loans. If you’ve crossed their specified age limit, you automatically become unqualified for the loan. While some lenders have a cut-off point of 75, others may choose to set it below or above this age.

Why might you obtain a loan in retirement?

Many retirees take out loans for a couple of reasons. They may find themselves wanting to do things that they didn’t have enough time to do before. Usually, these things like going on vacations, home improvements, buying a case, or even lending money to family members cost a lot of money.

Basically, obtaining a loan can enable you to fund these plans without withdrawing money you have planned for long-term investments. Taking a low rate of interest by borrowing loans, will allow you to borrow cash over a shorter term without it having an impact on your longer term investments. These investments have to be left untouched to attain full retirement projections.

Also, taking out a loan enables you to settle emergencies, especially if your pension is not ready.

Conclusion

The simple answer to “Can a Retired Person Get a Payday Loan?” is yes. Basically, you can take out a loan when you are retired if you meet certain requirements. These requirements, which have been discussed above, will set the standard you have to meet to be eligible for a loan. Essentially, once you successfully cross this hurdle, your loan application is likely to get accepted.

Can You Get A Cash Advance Using a Debit Card?

April 14, 2022 by Olamide Famuwagun

If you have been in a situation where you need to pay for something expensive in cash, you may have thought about the question “Can You Get A Cash Advance Using a Debit Card?”. The simple answer to this question is “yes, you can”. To pay for something expensive, you will probably need to take out a cash advance using your debit card. Here is a summary of how it works.

Can You Get A Cash Advance Using a Debit Card?

What is a Cash Advance?

A traditional cash advance primarily works as a small loan, which comes directly from your credit card company. Basically, you can borrow cash against your credit limit. An ATM or bank processes the cash advance and gives you money. Some lenders may even allow you to apply for a cash advance online.

The amount of money you borrow will get added to your credit card balance. Your credit card company may charge a fee for the services. Also, they will charge a special cash advance APR.

Can You Get A Cash Advance Using a Debit Card?

Yes, it is possible to do this. When you hear “cash advance”, the first thing that comes to your mind may be a credit card cash advance. With a credit cash advance, you withdraw money using your credit card, and the amount of money you take out is added to your balance.

However, a debit card cash advance is quite different. Instead of adding money to a revolving balance, this type takes out that money from your checking account. Basically, this kind f cash advance is precisely the same as withdrawing money from the ATM.

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How can I get a Cash Advance using a Debit Card?

If you want to withdraw, follow the steps below:

1. Visit either a local bank or a credit union branch and speak to a teller.

2. Next, a request for a cash advance.

3. Receive the funds.

You will need to pay a small fee for requesting the advance. This fee is usually a small percentage of the total money you withdraw.

What are the benefits of using a debit card to take out cash advances?

Now you may wonder about the benefits of getting this type of cash advance since it is the same thing as withdrawing money from the ATM. Basically, there are good reasons why getting funds using its method is helpful. These reasons include:

1. They don’t attract interest

When you take a cash advance using your credit card, you get charged a fee plus interest. The worst part is that the interest rate it attracts will be higher than the rate for your average transactions.

Also, it will bypass the one-month grace period. This means that your interest will start accruing instantly. On the other hand, using a debit card cash advance does not attract any interest, just the initial fee. This makes it a cheaper option for obtaining fast cash.

2. They come with higher withdrawal limits

If you have tried to withdraw a lot of money from your ATM, you may have encountered a problem. There is a limit on the amount of money you can withdraw every day. This limit is considerably smaller than the limit for debit card advances.

3. You can use other banks

You are free to go to any local bank and take out this type of cash advance, even if the local bank is not affiliated with your bank. If you bank with a credit union, you can do this using other credit unions too. Basically, you are not restricted to only your bank and this is a huge advantage. However, you should note that not all banks accept requests for a cash advance. Just check with your bank for more details.

What is the downside to a debit card cash advance?

The downside to this is that you cannot withdraw more money than you have in your bank account. Usually, when people need emergency cash, it may be because they do not have the money period to take care of an unforeseen bill. In this situation, this type of cash advance is not so helpful.

Bottom line

It is possible to get a cash advance using a debit card as long you have money in your bank account. Basically, if you have the money in your account and only need to access it, a debit cash advance will work for you. However, if you need extra cash, this type of cash advance is not so helpful.

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Donate-NG – An easy way to do crowdfunding

April 4, 2022 by Olamide Famuwagun

The digital age has made crowdfunding easy and seamless. Basically, several digital platforms now give Nigerians an opportunity to raise funds from the public to finance their projects without going through stress. Unlike in the past when it was more complicated, crowdfunding can now be easily done through your mobile phone. Donate-ng is an online crowdfunding platform where you can seek donations from the public to make your dream project come true. Here is a summary of what you should know about this company.

An Overview of Donate-ng?

Donate-ng is a digital crowdfunding platform where people with projects can make their dreams come through by getting help from people all around the world. From Charities, Religious organisations, School alumni, and Entertainers, everyone can register and get help on this platform.

The crowdfunding organisation was founded in 2015 with a mission to be the most renowned online crowdfunding platform in Nigeria. They seek financial help from Nigerians both in Nigeria and abroad to improve lives via social fundraising for charitable causes and projects. Its parent organization is Two can Solutions Limited.

What service does Donate-ng offer?

Basically, this company provides crowdfunding and fundraising services to the public.

Crowdfunding

Crowdfunding services raise money from the public to help charities, religious organizations, and others execute their projects. Individuals will be able to access these funds at the end of the target date.

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How can I register on Donate-ng?

Follow these steps to register on the website:

1. Visit their official website

2. Next, touch the ‘Sign Up’ tab

3. Lastly, enter your basic data and tap on ‘Sign Up’

How can I raise funds on Donate-ng?

Follow these steps to raise funds on the website:

1. Register as a user

2. Next, create a fundraising portal for the project you want to commence

3. At the end of the donation period, you will receive the money donated to your project.

4. Use the money for the project.

What documents do I need to register on this platform?

Here are the basic documents the platform requires from you:

1. Your first name and last name

2. Email address

3. Password

How long does it take before I can access my funds on Donate-ng?

Charity organisations can withdraw donations when the fund’s amount is more than N50,000. However, you can also select the automatic payment and the platform will send the designated account at regular intervals. On the other hand, individual fundraisers will be able to access the money at the due date or whenever the fund is completed before the due date.

Does Donate-ng have a mobile application?

This crowdfunding platform does not currently have a mobile application. However, this is not a barrier because you can donate through its web platform. Also, you can apply for your project to be funded through their web platform.

How can I contact Donate-ng?

You can contact Donate-ng through the following ways:

Address: Hub One, 10, Hughes Avenue, Off Herbert Macaulay Way, Yaba 101212, Lagos, Nigeria

Tel: +2349062547346

Email: support@donate-ng.com

Website: www.donate-ng.com

Bottom line

Donate-ng is primarily a platform that provides a legit way of donating to causes that are worthwhile and legitimate. Basically, they make the crowdfunding process easy, convenient and hassle-free. If you have any crowdfunding plans in mind, you can check them out.

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