With the hike in the prices of commodities, you have to develop an alternative but convenient strategy to keep surviving. As you earn, do not forget to set out a part of it for savings.
Saving does not involve the rigorous process of going to the bank and going through a long documentation process. From the comfort of your home and with your android device, you can download as many saving apps as possible.
Do you have difficulty in saving a certain percentage? Or are you facing a challenge as regards saving for a particular target? You can comfortably Sign Up and login into KoloPay App for your savings
WhyKoloPay?
Kolopay, previously known as MyKolo, is an online digital platform where you can save your money. With Kolopay, you can save towards as many goals as possible. It doesn’t end in saving alone; with kolopay, you can shop your needed items online.
KoloPay Products
KoloPay offers two major saving alternatives: Easysave and Autosave. With Easysave, you intentionally save any amount. But with Autosave, you schedule your savings as you wish by linking any of your bank accounts from which the savings can be deducted.
You can form as many of your bank accounts you want to. As part of linking your bank accounts, you’re required to input your card details.
One of Kolopay’s products is KoloShare. KoloShare allows you to invite people to help you save towards your target. Those you invite do not need to have a KoloPay account in order to save with you. Hence, you do not have to worry about saving alone.
Signing Up on KoloPay
Signing up on Kolopay requires no long protocol. With a single click on “download” on your Google Play Store or Apple Store, you can have the Kolopay app and proceed to register. Alternatively, you can register on their website at www.kolopay.com.
If you have any difficulty in downloading the app for obvious reasons, you can Sign Up on the web by visiting their site. The procedure is easy and straightforward. Meanwhile, saving on KoloPay will also require that you link any of your bank accounts for easy transfer.
However, signing up to Kolopay requires you to be a legal resident and be aged 18 or 21 depending on the state of residence. Also, you must have an account with any bank duly licensed by the Central Bank of Nigeria (CBN).
KoloPay Interest Rate
After creating your target, you are entitled to 6% annual interest rate. You also receive a daily interest rate. However, if you settle on withdrawing your money before a cycle of 30 days, your daily interest will not be accrued to you. This condition helps you cultivate a strict saving habit and be able to achieve your set target(s).
Accessing your KoloPay Fund
You can withdraw your money from KoloPay once it hits N3000 and you can only withdraw once a month. Withdrawal request is processed within 24 hours.
For security purposes, KoloPay does not disburse your funds to a third party as in the case of online purchase without your authorization.
Interestingly, there is no better time to Sign Up, Login to your KoloPay App for your online savings than now.
