Having a business comes with challenges of capital and how to keep it running. Are you in need of quick loans to keep your business going? Then you are in luck because we would be discussing a digital lending platform which is capable of funding your business.
We would discuss a well-known digital lending platform operational in Nigeria. It offers loans to growing entrepreneurs to finance their businesses. When you get registered on this platform, it’s confirmatory that you would receive your loan within 3 hours. The process is easy, convenient and secure. Let’s read on!
An outline of PayHippo?
PayHippo is a platform who acts as a digital lender to offer loans to small and medium-sized businesses. It is a technology-powered lending platform which makes it easy for individuals to finance their businesses.
The platform was launched in 2019 by young entrepreneurs who saw the need to assist small businesses with the boost they need for productivity. The main founders of the platform are Chioma Ruky Okotcha, Uche Nnadi, Zach Bijesse.
Products offered by PayHippo
PayHippo offers a collateral-free loan to individuals and businesses in Nigeria. Those who do apply can get an instantaneous loan of up to N1,000,000 with this platform. This lending platform offers loan services which are divided into two products.
Small Medium Enterprises (SMEs): The SMEs product is only available for providing loans to small and medium-sized businesses. This offer enables small businesses to have access to convenient and collateral-free loans.
Partners: This product caters for partners of the platform to easily give loans to their customers and have understanding of their transaction records.
Documents for registration on PayHippo Loans
To sign up on PayHippo, you will need to provide some basic details.
Your First Name, Surname, Valid Email Address, Birth Date, and Phone Number. You can as well input a referral code if you have any, but it is optional.
Registration Process on PayHippo Loans
Before you can start your journey on this platform, you need to have an account with the platform.
You need to follow these easy steps below for your registration:
1. Visit their website and click on the “Get Started” toolbar.
2. When the page load, you select if you want to register as a small business or as a partner.
3. You will have to input your basic details and submit.
Otherwise, you can also do your registration process on your mobile app. All you need to do is download the platform mobile app on Google Play Store or the App Store.
How to borrow a loan from PayHippo
As we explained earlier, the platform is a lending platform and some steps need to be followed to obtain a loan.
To be able to obtain a loan from this digital lending platform, you need to follow the instructions below:
Firstly, you need to create an account using their mobile app or web platform with the registration process explained above.
Secondly, you need to complete your profile before you proceed. Your profile has to be completed and the details you input has to go through a verification process to enable you to obtain loans. When your profile has been verified, you are now eligible to start accessing loans.
Finally, you and head on to apply for a loan on their platform.
Note: You have to pay back your loan when due or before the due date.
How to download the PayHippo Loans mobile app?
The Payhippo mobile app can be downloaded on Android and iPhone. Follow the instruction below to download the mobile app:
1. With your smartphone, visit Google Play Store if you use an android device. For iPhone users, you can also visit the App Store to download the mobile app.
2. On the search bar, type “PayHippo” and download the app.
3. Download and Install the app and create your account.
Interest rate offered on PayHippo?
PayHippo’s loan offers start with short-term working capital. Your loan has a set limit of 30 days with an interest rate of 6%. It is evident that the interest rate charged on this platform is significantly lower than most online traders out there.
Customer Service on PayHippo
Customers who may have any inquiries or complaints can visit the company’s office at the following address:
Address: 174b Corporation Drive, Dolphin Estate, Ikoyi, Lagos, Nigeria
You can also dial their customer support number: +2349045969825
Complaints and inquiries can also be mailed to the company mailing address: email@example.com
You can also visit their webpage for more information: www.payhippo.ng