What is Paylater
Paylater is an online money lending platform that helps users acquire short-term loans / long-term loans and pay back within a stipulated period of time.

Since it’s an online platform, the process of acquiring a loan can be accessible via paylater site on the web and through its mobile application available for different mobile platforms.

How Paylater Works
Getting a loan on Paylater is as simple as ABC, and is very easy to operate just like GTBank Mobile App.

Firstly, the minimum amount you can can borrow on Paylater is N1000. For first timers, the maximum amount of loan you can get for your first loan is N10,000, which you are required to pay back in 30 days, with an interest rate of 1% per day. This means you will be paying back N13,000 after 30days.

Interestingly, the sooner you pay your loans, the better the chances of you acquiring bigger loans.

To get started, simply visit their website at www.paylater.com . You will be required to fill a form.

After you are done filling the form with every necessary detail such as your name, how much you intend to borrow etc, it is important you read the terms and conditions, then submit.

Next, you will receive a confirmation message, letting you know if you are qualified for the loan or not. This message, depending on circumstances or personality will take nothing more than 3 working days for the loan offer to be approved.


Types of Paylater Loans
Paylater offers  two types of loans;

1. Paylater loan

The Paylater loan is available for all individuals that receives money on monthly basis.

2. Paylater Plus loan.

The Paylater plus loan on the other hand is exclusive to salary earners.

Eligible individuals for the Paylater loan can borrow up to N500,000. Pay back period can last up to 3-12 months with a planned monthly installment method.

Paylater plus is eligible only to salary earners. When applying for a loan, Paylater Plus applicants require any of this IDs before loan is approved

ID card
Statement of account,
employment letter
Or any other ID listed therein.


How to Download The Paylater Mobile App on Your Phone
Paylater app is available for different mobile platforms such as Android, Blackberry and ios (iPhone).

You can download Paylater app from the respective smartphone app stores below.

How to Use the Paylater Application on Android, iPhone, and Blackberry.

See More --- https://www.bloggernaija.com/download-paylater-mobile-app-iphone-android-get-loans/

Nice article but I got a page that explained all I need to know to download and install Paylater app on my iPhone.
https://www.appluver.com/download-paylater-mobile-app-for-iphone-android-to-get-loans-fast/

Thanks