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What are the loan terms and amounts for PayMongo Capital?
What are the loan terms and amounts for PayMongo Capital?
Pam avatar
Written by Pam
Updated over a week ago

The maximum loanable amount you can borrow will depend on GoTyme’s credit risk framework. This will be displayed in the email notification that you will receive if you qualify for PayMongo Capital’s Flexible Financing powered by GoTyme Bank. Qualifying merchants can decide on the loan amount to borrow up to the available maximum available loan amount that has been offered.

Typically, you can choose to repay your loan over a period of 3 to 12 months, depending on your financing needs. The loan tenor range available may differ by loan offer.

Note: There's no additional processing fee for getting your loan. PayMongo Capital Flexible Financing is FREE of additional charges!

I received a confirmation email on loan disbursements but the loan amount still hasn't been credited to my account. What do I do?

In some cases, the financed amount may take up to 3 business days to show up in your account, depending on the policies and processing speed of your bank.

If you do not see the loan amount in your designated bank account after 3 business days, you may contact GoTyme’s customer support hotline directly at [email protected].

Learn more about PayMongo Capital by clicking on the button below! 🌱

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