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Primepay Loan App Review, Is Primepay Loan App Legit? (Truth Unveiled)

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Primepay Loan App Review, Is Primepay Loan App Legit? (Truth Unveiled)

Primepay is one of the loan apps that provides quick and convenient access to loans for individuals in Nigeria. Despite its popularity, there are several concerns regarding its legitimacy and overall user experience. In this blog post, we’ll be looking into the Primepay loan app review, and answering the question (is primepay loan app legit or not) and many more.

So without further Ado, let’s get right in!

Primepay Loan App Review, Is Primepay loan App Legit Or Not, Interest, Requirements

Primepay Loan App Review, Is Primepay Loan App Legit? (Truth Unveiled)

Primepay Loan App Review, Is Primepay Loan App Legit? (Truth Unveiled)

Primepay Loan App Review

While I would have loved to write the Primepay loan app review, unfortunately, the presence of Primepay has disappeared from the Google play store.

However, I was still about to gather cogent information about the app which would help in making an informed loan decision.

You can find out that in the answer to “Is primepay loan app legit or not”.

Is Primepay Loan App Legit Or Not?

No, the Primepay loan app is not considered legit.

It is no longer on the Federal Competition and Consumer Protection Commission (FCCPC) approval list and cannot be found on the Google Play Store. There could be many reasons that led to this. 

One of the pieces of evidence to prove the illegitimacy of this loan app is from the reviews found online on platforms like nairaland. 

Many individuals have expressed their dissatisfaction which is believed could be one of the factors that led to the removal from Google play store and FCCPC approval list.

However, the app can still be accessed and downloaded through their website or via an APK file.

Should I Borrow Money from Primepay Loan App?

Given the concerns about its legitimacy and the high-interest rates, it is advisable to exercise caution when considering borrowing money from the Primepay loan app.

Users have reported issues with the app’s functionality and customer service.

How Much Can I Borrow from Primepay?

Primepay offers loan amounts ranging from ₦4,000 to ₦250,000, with repayment terms between 91 and 180 days. 

The interest rates range from 15% to 60%, with a monthly interest rate of 5% to 20%.

Primepay APK Download Process

To download the Primepay app, follow these steps:

  1. Visit the Primepay website or an authorized third-party website.
  2. Download the APK file.
  3. Install the APK file on your mobile device.
  4. Sign up and fill in your basic information for approval.
  5. Receive your approved loan amount directly into your bank account.

Read: Naira Now Loan App Review, Is Nairanow Legit? (Secret Unveiled)

Primepay App Download

The Primepay app is not available on the Google Play Store. 

Users must download the APK file from the Primepay website or other authorized sources.

Primepay Loan USSD Code

Primepay simply does not have a USSD code for loan applications.

Primepay Loan Requirements

To be eligible, you need to meet the Primepay loan requirements as follow:

  • Be a Nigerian resident.
  • Be between 20 and 60 years old.
  • Have an active phone number.
  • Have an active bank account.
  • Have a mobile phone with a stable internet connection.

Primepay Loan Interest Rate

The interest rates for Primepay loans range from 15% to 60%, with an equivalent monthly interest rate of 5% to 20% and an APR of 60% to 240%.

Primepay Loan Contact Number

For more information or assistance, you can contact Primepay customer service via email at services@primepayng.com.

Primepay Login Process

To log in to the Primepay app:

  1. Open the Primepay app on your mobile device.
  2. Enter your registered phone number and password.
  3. Click on the “Login” button to access your account.

Primepay Sign Up

To sign up for Primepay:

  1. Download and install the Primepay app.
  2. Open the app and click on the “Sign Up” button.
  3. Fill in your personal information, including your phone number and bank details.
  4. Submit the information for approval.

How to Apply for Primepay Loan

To apply for a loan from Primepay:

  1. Sign up and log in to the Primepay app.
  2. Fill in the required information for loan approval.
  3. Submit your application.
  4. Once approved, the loan amount will be disbursed directly to your bank account.

FAQs On Primepay Loan App Review, Is Prime Pay Loan Legit?

Here are some helpful frequently asked questions on Primepay loan review, is primepay legit or not with their respective answers:

What are the Primepay loan requirements?

To be eligible for a loan from Primepay, you must meet the following requirements:

  • Be a Nigerian resident.
  • Be between 20 and 60 years old.
  • Have an active phone number.
  • Have an active bank account.
  • Have a mobile phone with a stable internet connection.

Is Primepay loan legit?

No, the Primepay loan app is not considered legit. It is no longer on the Federal Competition and Consumer Protection Commission (FCCPC) approval list and cannot be found on the Google Play Store. 

However, the app can still be accessed and downloaded through their website or via an APK file.

How much can I borrow from Primepay?

Primepay offers loan amounts ranging from ₦4,000 to ₦250,000, with repayment terms between 91 and 180 days.

How do I download Primepay loan APK?

To download the Primepay app, follow these steps:

  1. Visit the Primepay website or an authorized third-party website.
  2. Download the APK file.
  3. Install the APK file on your mobile device.
  4. Sign up and fill in your basic information for approval.
  5. Receive your approved loan amount directly into your bank account.

What happened to Primepay loan app?

The Primepay loan app was removed from the FCCPC approval list and is no longer available on the Google Play Store. 

This action was part of a broader regulatory effort to address issues with loan apps in Nigeria, including aggressive debt collection practices and high-interest rates.

How do I borrow money from Primepay loan app?

To borrow money from the Primepay loan app:

  1. Sign up and log in to the Primepay app.
  2. Fill in the required information for loan approval.
  3. Submit your application.
  4. Once approved, the loan amount will be disbursed directly to your bank account.

What is the Primepay loan interest rate?

The interest rates for Primepay loans range from 15% to 60%, with an equivalent monthly interest rate of 5% to 20% and an APR of 60% to 240%.

What is the Primepay loan USSD code?

Primepay does not have a USSD code for loan applications.

Conclusion

While Primepay offers a convenient way to access loans, its legitimacy is questionable due to its removal from the FCCPC approval list and absence from the Google Play Store.

Potential borrowers should carefully consider the high-interest rates and user reviews before deciding to use the app.

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