You can use a Paylater loan for... anything!
We love it when our users tell us their stories about what a Paylater loan has helped them achieve. The reasons we see vary greatly by the time of day/month of the application, the individual’s profession, age group, marital status and even location, but there are a few common themes we’ve discovered — across the country, our loans are mainly used for business growth, family, education and medical expenses.
It’s great to be of service to people like Lanre A., who’s taken 8 Paylater loans to run a small side business and then, boosted by a 100% on-time repayment record, moved up to a Paylater Plus loan of NGN 240,000 when he needed to urgently pay rent.
Or Elizabeth O. who, after taking a few loans to bridge the gap between pay days and tend to the needs of her 3 children, fell badly ill and needed to settle medical bills. This came at a time where she had funds tied up elsewhere. Fortunately for her, she had the Paylater app.
She has now earned 2,100 points in the app which she’ll use to obtain larger amounts at even lower rates as she climbs further up the Paylater Ladder.
Vivian A., currently a student in Anambra, doesn’t have any more financial concerns about school fees ahead of her graduation as she knows there’s quick funding available 24 hours a day, 7 days a week, and has been supported since July 2016.
With each urgent money problem that we help solve daily, it’s exciting confirmation that the work we do is important and truly meeting a need.
Let’s hear what you think!
For our existing users — whatever a Paylater loan has helped you accomplish, we would love to hear it. Over the next few weeks, we’ll be launching the #MyPaylaterStory campaign.
All you have to do is leave us a comment on your Paylater experience with the tag #MyPaylaterStory on any of our social media channels (Facebook, Twitter,or Instagram) — we’ll feature some of our favourite ones, and give away some special prizes along the way.
Happy Sharing!
