How to Make Money Investing with Credpal: 18% ROI

You’ve probably heard about Credpal and their slogan of “buy now, pay later”.

But Credpal isn’t just for people looking to get loans and credit purchase. They help you invest too.

The company is promising a whopping 18% ROI for investors willing to stick their cash to help Credpal run their business.

In this article, we’ll take a look at Credpal Invest to know if it is worth investing our money or not.

It could just be another way to stash your money away while getting mouthwatering returns.

Let’s get started.

What Is Credpal All About?

Credpal is a credit advance company in Nigeria that offers credit cards and credit purchase offers to users.

The company is pioneering a new way for users to shop in Nigeria while promising to pay later.

They have an investment arm where investors could invest to provide capital which Credpal uses to run part of its credit business.

How Does Credpal Make Money?

Credpal makes money by charging an interest on cash advance and credit purchases.

When users get loans, credit cards, or make credit purchases through Credpal, they are required to pay interest on the principal.

Credpal then shares the profit accrued from the interest with its investors.

How to Invest in Credpal

To invest in Credpal is pretty simple.

All you have to do is download their mobile app, register an account and do your KYC. 

Once you are verified on the platform, you can deposit money into your Credpal wallet and then start investing.

How Much ROI Does Credpal Offer?

The ROI you get from investing in Credpal will depend on the investment tenure.

Credpal offers a minimum ROI of 3% per annum, and a maximum ROI of 18% per annum.

You earn 3% when you invest for a minimum of 60 days, and 18% when you invest for a minimum of 360 days.

Is Credpal Legit or Scam?

As far as I can tell, the company seems legit.

According to Crunchbase, Credpal has the backing of over 10 credible global institutional investors, and have raised more than $16 million since launch.

To have attracted that much institutional capital, that tells you that the company is doing something right and is trusted by industry veterans.

What I Dislike About Credpal

The only thing I Dislike About Credpal is their lack of flexibility in terms of the investment tenure.

So far, you can only invest for a minimum of 60 days, which is 2 months. And you earn a prorated interest of 3% per annum.

And once you invest, you are locked in until the investment tenure elapses.

I would have liked if there’s an option to invest for 30 days, with the ROI being uniform irrespective of the investment tenure.

However, I understand that the current system helps Credpal to effectively run their business and make profit.

What I Like About Credpal

The good thing about the structure of Credpal Invest is that it helps you decide how you want to invest.

Just by the look of it, you could decide to be a long-term, mid-term, or short-term investor, whichever fits your investment goals.

And if you are long-term investors willing to keep your money with Credpal as long as possible, then you’ll be rewarded with the maximum ROI of 18%.

Can You Lose Money With Credpal?

In my opinion, it looks unlikely.

This company is as legit as it gets, and they are a profitable company making money on a daily basis.

They use funds towards offering loans,  credit cards and credit purchases, which bears interest.

The interest earned minus other operational expenses are shared with Credpal investors.

With how lucrative the loan industry is, there is no doubt Credpal is a legitimate way to invest your money for reasonable returns.

Should You Invest in Credpal?

It’s a good way to start investing for passive income.

However, I’d say that there are many other loan apps that offer higher interest than what Credpal currently offers.

But if you’re already a Credpal user, then you may as well put your money where your mouth is.