The lengthy and tedious process of obtaining a loan from a traditional bank can be a huge impediment to financing your business. Essentially, many Nigerian businesses become disheartened when they consider the stringent procedures required to obtain a bank loan. Many financing platforms have sprung up to assist companies in solving this problem. Pennee is a major organization that provides loans to entrepreneurs to help them start their enterprises. Borrowing loans using the site is simple, straightforward, and stress-free.
A Quick Overview of Pennee Loan
Pennee is a business and finance app that offers financing and accountancy services. Essentially, this software offers you a simple and straightforward loan to fund your business.
Mejero Emmanuella Kunu started the privately held organization in 2019. They provide loans to tiny businesses to help them grow to the point where they can survive, expand, and provide fantastic job opportunities for others. With this platform, you don’t have to worry about securing a loan to start your business.
Pennee provides what services?
Essentially, this platform offers a variety of loan options. Among these services are:
- Financing of Assets
The asset finance service assists you in purchasing the tools and equipment required to increase the production of your firm. Essentially, they assist you by purchasing all of the instruments you require to expand your firm, which you then repay with a 2-4% interest charge every month. - Overdraft fees
Overdrafts are provided by the organization for you to invest in your firm. This keeps your company functioning smoothly and smoothly. - Inventory Loans
Inventory financing, as the name implies, provides funding to fill your business with goods. - Controlling Cash Flow
This is similar to a business management tool in that it allows you to track, budget, and predict the inflow and outflow of finances in your company.
Get a loan of up to N100,000 at the most competitive rates in Nigeria.
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How do I sign up for Pennee?
Follow the steps below to sign up for the loan-centered platform:
- Install the mobile application
- Fill out the online registration form with your information and submit it.
- Verify your account after submitting the form to be eligible for a loan.
How do I get a loan from Pennee?
To borrow a loan from the mobile app, follow these steps:
First, get the mobile app from the Playstore or the App Store.
Create a business account on the platform next. After that, validate your company account by uploading the required documentation.
If you complete this step successfully, the platform will automatically fund your account.
What is the interest rate on Pennee loans?
The Pennee loan platform charges a 2-4% interest rate on any loan borrowed through the app. However, the maturities of the various forms of loans vary. The maturity period of a loan is the date on which you must repay the amount you borrowed. Visit their official website for additional details.
What documents are required for Pennee registration?
To successfully create an account on Pennee, you only need your basic information and your identification card for verification. Essentially, after the verification process is completed, you will receive your money right away.
How do I get the Pennee app?
Here is how to get the mobile application:
- Take out your Android phone and launch the Google Play Store. If you have an iPhone, however, go to the App Store.
- Enter ‘Pennee’ in the search bar.
- Install the app and set up an account for your company.
How can I get in touch with Pennee?
Pennee can be reached in the following ways:
Phone Number: 0706 603 9932 Address: 86 Olonode St, Yaba 101212, Lagos
Email: [email protected] Website: www.pennee.co
In conclusion
Pennee is essentially a lending app that allows you to borrow money to help your business grow. They also offer a business management application that tracks and documents the flow of money into and out of your company. Essentially, this platform is a welcome concept for small enterprises who are still in the early stages of development. You don’t have to worry about financing your business using this digital platform.
