Enter your email address below and subscribe to our newsletter

How to Borrow Money from PalmPay with USSD Code

By Oluchukwu Ikemefuna

Share your love

Remember that one time when the network went AWOL on you? Oh, wait. It happened more than once. Those times when you wanted to make a transfer on your bank app, purchase a recharge card, or even apply for an instant loan, and the network decided it was going to sleep in for the day.

Yes, we’ve all been there. And it can be frustrating, especially when you have an urgent need to meet. But thanks to technology, we are not stuck on one option — in this case, we have USSD code as a second option. And PalmPay has ensured that its customers don’t miss out on this second option.

Boasting over 10M downloads on the Google Play Store, PalmPay is one of Nigeria’s most trusted instant loan apps. With PalmPay’s USSD code, customers can initiate transactions without an internet connection. So let’s explore how this PalmPay USSD code works, as well as some other aspects of PalmPay banking. 

Also read: Latest on How to Borrow Money from PalmPay in 2024

Secure a PalmPay Loan Easily With PalmPay USSD Code

Borrowing money using the PalmPay USSD code is a straightforward process. Follow the steps below to get started: 

  1. Before you can use the PalmPay USSD code, you need to have an active PalmPay account linked to your BVN and your mobile number. You can open a PalmPay account from the comfort of your home without visiting a bank branch. Simply download PalmPay on the Google Play Store, Apple App Store or Huawei App Gallery. Be careful not to download PalmPay for Business. 
  2. Follow the steps on the App to register
  3. Follow the steps on the App to open a PalmPay account
  4. Once your PalmPay account and mobile banking have been activated, dial *652# on your phone
  5. Choose “Loans” from the options provided on the menu
  6. Submit the required information for a PalmPay loan, such as
  • Personal details 
  • Employment details
  • Proof of age (18 years of age or older)
  • Loan amount, etc.
  1. If there are no issues with your information, your PalmPay loan will be approved and disbursed into your PalmPay account. 

If you encounter challenges while opening an account or borrowing money using the PalmPay USSD code, contact their customer support at 018886888. You can also send them an email at Support@palmpay.com.

Also read: Best Loan Apps with Low Interest Rate in Nigeria

How to Repay PalmPay Loan 

Automated deductions should be made to your PalmPay account after you have taken a PalmPay loan. However, if this is not done, or if you wish to repay in advance, below are your guiding steps: 

  • Open the PalmPay App on your phone and log in to your PalmPay account
  • On the Home page, click “Finance.”
  • Under “Finance,” click “Repayment.”
  • Choose the most suitable payment option — by transfer, ATM card, or in a bank branch.

Why PalmPay?

Never used PalmPay? Perhaps you’re a potential customer, wondering what the big deal about the app is, anyway. Why have 10M people in Nigeria downloaded it? Let’s tell you why. 

Firstly, PalmPay is 100% accredited to operate. The Central Bank of Nigeria has granted a license to this mobile money operator. So you can be assured that this is a no-scam zone — you are dealing with a legit digital money lender, not a “loan shark.”

Secondly, PalmPay guarantees the safety of your finances and the privacy of your data. PalmPay uses advanced technology to encrypt your personal and banking data. Recently, PalmPay was recognised for its high-level compliance with the Nigeria Data Protection Regulation (NDPR). Also, the Nigeria Deposit Insurance Corporation insures every deposit you make on PalmPay. 

Another reason customers love PalmPay is because of the numerous benefits they get, such as coupons, discounts on transactions, charge-free transfers, etc. Tuesdays and Fridays are happy hours on the PalmPay app — customers get a 20% discount on airtime purchases and a 10% discount on data purchases, respectively. The app interface is user-friendly and easy to navigate. 

Customers Reviews

“I started using PalmPay this year, and I can say it’s really good. It has some amazing features like Recharge2Cash, where you can sell airtime already on your registered phone number and get paid for it! I love how you can easily change your phone number and some other stuff too, when necessary. I would say PalmPay is a really nice app. The biometric authentication and patterns for logins are great too. I can even make payments by using fingerprint authentication, which I already set up. 

Funmilayo, PalmPay user

PalmPay is the next generation’s app, providing all your banking needs — from transfers to payment of bills, loans, money-making opportunities, and more. And if you encounter difficulties during your operations on PalmPay, their customer support is available to help 24/7. You can reach them on mobile via 018886888. You can also send them an email at Support@palmpay.com

Also read: 8 Illegal Digital Loan Companies in Nigeria You Should Avoid 2024

Frequently Asked Questions 

What is the PalmPay USSD Code?

PalmPay USSD code is *652#

Can I Use PalmPay USSD Code to Transfer to any Bank?

Yes. The PalmPay USSD code allows customers to make transfers and other kinds of transactions to all banks in Nigeria; whether commercial or microfinance. 

How Much Can I Get on PalmPay Loan?

You can borrow up to N500,000 from a PalmPay loan.

Do I Need to Pay to Open a PalmPay Account?

No. You can open a free PalmPay account at any time.

Do I Need to Have a PalmPay Account to Access PalmPay Loan?

Yes. Customers need to open a PalmPay account before they can access loans on the app or via the PalmPay USSD code. This is because if the loan is approved, it will be disbursed into your PalmPay account.

Instant Credit, Instant Satisfaction

Whether you’re using the PalmPay USSD code or the mobile app to secure a PalmPay loan, you are guaranteed ease and satisfaction. 

So the next time your network gets stuck or your data runs out and you need a loan urgently, remember that the PalmPay USSD code is just as easy as banking online or on the mobile app. Just ensure you open a PalmPay account at your convenience so that you won’t need to start up that process from scratch when you want to secure a loan using the PalmPay USSD code. 

So take your first step toward securing that loan. Pay off the debt within due time, and return to our blog anytime for more insights. 

Follow us for more on X or Twitter, @SiliconAfriTech.

Share your love
Oluwajuwon Oladiti
Oluwajuwon Oladiti

Oladiti Oluwajuwon is an ardent reader and a voracious writer who is passionate about informing the public with first-hand, authentic information. His writing expertise has spanned over 5+ years, an odyssey that began in 2018. Over the years, he has crafted pieces across multiple domains, including religion, education, politics, and tech. There are two principles at the core of his writing: information must be genuine and accurate, and there is nothing erudite about speaking in terms people don't understand. While maintaining technicality, messages must be passed in a way that resonates with the readers.

Oluwajuwon is also a software engineer who specializes in backend development with Python, and he has an unwavering passion for music, pop genre especially.

Articles: 64

Newsletter Updates

Enter your email address below and subscribe to our newsletter

Stay informed and not overwhelmed, subscribe now!