5 Reasons Why You Should Consider A Loan from Page Financials

Page financials | Money
June 4, 2021

Personal loans are good for a variety of purposes—from consolidating debt to solving a myriad of pressing issues. They are personal, which means your reasons are yours.

Do you remember the first time you needed more money than you had? Borrowing money then was not as easy as it is now. You probably would have run to family members or friends which usually meant nothing was certain, or apply for a bank loan, which was a very tedious process, hard to get – especially if you do not have an enviable collateral in choice locations, or know someone in top management position in the banks to stand as a guarantor.

The situation is completely different now. There are financial services providers like Page Financials who have changed the game entirely, they have not only disrupted the borrowing and lending ecosystem but have also shaped how even the banks respond to providing these services today.

With the intervention of Page Financials, a leading financial services provider, anybody with a verifiable and consistent income, that meets a few other criteria – like having a good credit history – can now easily get a personal loan from the comfort of their home.

If you are still thinking about whether or not to consider a personal loan, we have highlighted 5 reasons why customers usually resort to getting a personal loan.

1. Cash emergencies

If you need money right away to cover bills, an emergency cost or something else that needs immediate attention, you can take out a personal loan. Page Financials provide online applications that allow you to complete application conveniently in minutes. You could receive funding immediately as well, depending on your past credit history and the information you have provided.

You can use a personal loan to cover emergencies like:

  • Paying past-due home payments and utilities
  • Medical bills
  • Funeral expenses
  • An unexpected car repair or purchase

What you can do with a personal loan is limitless, and as established earlier, it is personal to you.

2. Debt consolidation

One of the popular reasons to get a personal loan from Page is for debt consolidation. If you have existing facilities with different lenders, you’d agree that managing multiple loans from several lenders can prove to be challenging. Missing on payments can result in negatively impacting your credit score. Availing a personal loan in such a situation can save you from financial distress. All you require to do is approach Page and state that you have some other loans elsewhere and would like to consolidate different payments into one debt with the help of a loan. This method offers several benefits that include enjoying an overall lower rate of interest which can help in reducing the timeframe required to pay-off your loan.

3. Rent, home improvement and repairs

Whether you want to renew your rent or looking to move to a more befitting neighborhood, or simply looking to upgrade your apartment and fix some repairs, a personal loan is a great way to cover the costs conveniently. The urgencies that come with meeting these needs are usually unprecedented which is why a personal loan may be your surest way to meet up with the deadline. Failure to meet up with rent on time for example will lead to series of embarrassments from your landlord, and…you don’t what that. In the same vein, if you see a new apartment that you love and fail to make payment on time, the house goes to someone else that has cash at hand. This is why speed and convenience are of essence when it comes to personal loans and part of the USPs at Page Financials, you can access a loan and get support anytime whether it’s 2 am or 2 pm so you don’t have to miss any opportunity again.

4. Vehicle financing

Auto loans are available if you’re looking to buy or lease a car, but personal loans are also available to finance any need you may have – including a vehicle financing. Another great reason why you should consider a personal loan rather than going for an Auto loans are secured loans and use your vehicle as collateral. If you’re worried about missing payments and your car getting repossessed, a personal loan might be a better option for you.

5. Starting/expanding your business

Side hustles are very popular these days, and are a great way to test the entrepreneurial waters. If you have one, or you are thinking of starting one, you are going to need some funds to run or expand it. Channeling extra funds into your side hustle can help you take it to the next level. But if you don’t have the money you need now, taking out a personal loan for your side business may help. Getting an outright business loan would normally require some sort of security or collateral – which most startups don’t have, which is why taking a personal loan as a salary earner – to fund your side business, would be a smart thing to do. Personal loans may be well-suited for side hustles because they are often smaller than typical business loans and don’t require a high level of collateral or profitability. All you need is a proven source of income — and that can come from your current day job.

What to consider when considering a personal loan

Applying for a Page Loan is super easy, everything happens online and you don’t need to visit their office.

To begin the application, click here to visit the website as a private sector employee or click here to visit the application page for public sector employee.

The application process is in stages, at each stage, you’ll supply relevant information that helps make a decision to approve your loan. (See requirements for each category below).

You can upload all the documents online while filling the form so you do not have to worry about carrying files from one office(er) to another.

The first stage you will encounter while filling the application form is the BVN and IPPIS verification phase. You will be required to provide these details to help us to verify your identity and financial standing.

Loan requirements for private sector employees

To be considered eligible for a loan as a private sector employee, it is required that:

  1. You earn a monthly salary (minimum 150k monthly)
  2. You have up to 6-months’ salary account statement
  3. You live/work in Lagos or Ibadan (bankers nationwide can apply)
  4. You have a valid work ID from where you work or an evidence of employment or promotion
  5. You have a BVN that is actively connected to your working mobile number

Some of the items above will be retrieved automatically when you begin the application, it usually takes customers less than 3 minutes to complete the application if they have the requirements ready. To apply as a private sector employee click here.

Loan requirements for public sector employees:

To be considered eligible for a loan as a Federal Government Civil Servant, it is required that:

  1. You have your work ID
  2. You have a valid Government issued ID
  3. You have at least 3 months’ payslips
  4. You will present a signed letter of authority to debit (the letter is available for download on our website).

To apply as a public sector employee, click here.

Reasons to avoid a personal loan

While personal loans can be a saving grace in times of great need, there are some instances you should avoid borrowing money. Consider avoiding a personal loan if:

  • You can’t afford it: Borrowing money in the short term is one thing, but remember you’ll still need to pay it back. If you can’t afford monthly payments for your new personal loan, consider skipping it.
  • You don’t need it: If you’re taking out a personal loan to cover the cost of something you don’t need in the immediate future, think about putting it off until you have more cash on hand.

The Page customer service is available 24/7 to answer any questions you may have. You can contact Page via a number of channels viz; Live Chat on the Page Mobile App, Live Chat on the website (Pagefinancials.com), social media accounts (@pagefinancials), Google chat (on Search Result Page).

Visit https://pagefinancials.com/ to apply or call 017007243 to get more info, you can also send an email to customer@pagefinancials.com to get started.

Sponsored by
Page financials

Join The Conversation

Bring a friend.

You'll like this

July 15, 2020

Money is a universal thing binding all of us. Whether young or old. Just how different is our outlook towards money the older we get? Especially as men. Let’s get into it: 1) Attitude towards savings: 20s: I’ll save when I have money. 30s: I’ll save when I have more money. 2) Retirement: 20s: I’ll […]

January 20, 2020

What’s your oldest memory of money?  One day – I think I was seven – my mum just came into the room with a black plastic bag. There was money inside ₦2.5 million. She just – Wait, what? Yes. She just said, “keep this money, this is for your dad’s next car.” I don’t know […]

Watch

Now on Zikoko

June 18, 2021

People love us for various reasons. Take this quiz and we’ll tell you what your friends love most about you. Relationships can be hard, and sometimes you just need someone to give you a bit of advice. Ask Ozzy is our new advice column where you send Zikoko the relationship questions that have been bugging […]

June 17, 2021

While smart investing is a sure way to build and retain wealth, it can be a daunting prospect for beginners. In the same vein, it is a lot easier when you understand the various options in which you can invest and ultimately grow your wealth. Here are some options you can consider when taking the […]

June 17, 2021

The BBNaija Lockdown Reunion (2020’s edition of Big Brother Naija) show will air on the 17th of June 2021. Keeping with the tradition of the show, the reunion will be hosted by Ebuka Obi Uchendu and will feature some of the BBN: Lockdown housemates talking about memorable moments from their season while also hashing out […]

June 17, 2021

Union Bank has announced a nationwide campaign to give away 55 Million Naira to new and existing customers in its ‘Save & Win Palli’ promo. This is another way the Bank is offering Nigerians some relief (a.k.a. ‘palliative’) from the economic hardship brought on by the COVID-19 pandemic and other issues. During the promo period […]

Recommended Quizzes

December 3, 2019

Are you a professional Yoruba demon? Are you walking around in search of whose life you can wreck at any given time? Well, this quiz knows exactly how many hearts you’ve shattered to date, and before you lie that your result is inaccurate, just remember that Zikoko is never wrong. Now, take it and be […]

November 14, 2019

The fourth season of Big Brother Naija came to an end over a month ago, but the conversation surrounding the housemates is far from over. So, in a bid to keep the fire burning, we decided to create a quiz that tells you which famous member of the ‘Pepper Dem’ gang is your soulmate. Take […]

March 24, 2020

While we know that a lot of the best Nigerian artists deservedly have fans across generations, that won’t stop us from attempting to guess how old you are based on your taste in Nigerian music. So, take this quiz to see if we got it right:

What are you like in a relationship?
February 7, 2020

Your taste in music can say a lot about you, and this time, it’s going to reveal what you are like in a relationship. So, pick a few of your favourite Nigerian love songs, and we’ll let you know if you’re typically a distant, passionate or unbothered partner. Here you go:

December 11, 2019

In the past month, we’ve made quizzes that guessed the last time you had sex, how many people you’ve slept with, and just how good you are in bed. For our latest attempt, we will use your taste in Nigerian music from the 2010s to ascertain what you’re like in bed. Take to find out:

how much of an ajebutter
February 12, 2020

Are you an ajebutter or not? Well, if you’ve gone through life blissfully unaware of its harshness, then you probably are. Now, we want to know just how high you rank on that ajebutter scale, using your food preferences as a (very accurate) measure. Take to find out:

More from Money

June 17, 2021

While smart investing is a sure way to build and retain wealth, it can be a daunting prospect for beginners. In the same vein, it is a lot easier when you understand the various options in which you can invest and ultimately grow your wealth. Here are some options you can consider when taking the […]

June 15, 2021

Nigeria’s inflation rate hit 18.17% in March 2021 according to the Consumer Price Index report released by the National Bureau of Statistics (NBS). The past couple of months have seen an uneven increase in the cost of things, and this has among other things, eroded the purchasing power of the average Nigerian. We spoke to […]

June 11, 2021

Whether you’re new to the ZiGeng, or you’ve been rocking with Zikoko since forever, there are some pretty valid reasons why giving us all your money (it’s not as if we like money oh, but who are we to say no if you actually decide to go all in?) is worth considering. 1. We make […]

June 10, 2021

In 2020, the pandemic changed the world. A lot of profitable offline businesses had to close and lay off their employees. With thousands of unemployed in Nigeria and all over the world and the poor economic state of even the leading countries, thousands of people have decided to look for alternative sources of income. And […]

Watch

Trending Videos

Zikoko Originals

December 14, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
November 2, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
October 26, 2020
A collection of videos documenting some of the events of the EndSARS protests.
June 22, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
June 22, 2020
Hacked is an interesting new series by Zikoko made up of fictional but hilarious chat conversations.
June 4, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
June 2, 2020
Quickie is a video series where everyone featured gets only one minute to rant, review or do absolutely anything.
May 14, 2020
Isolation Diary is a Zikoko series that showcases what isolation is like for one young Nigerian working from home due to the Coronavirus pandemic.
March 12, 2020
Life is already hard. Deciding where to eat and get the best lifestyle experiences, isn't something you should stress about. Let VRSUS do that for you.

Z! Stacks

Here's a rabbit hole of stories to lose yourself in:

Zikoko amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.
X