On October 4th, 2023, we changed what we call loans in Palolo to advances.
Why the change?
We believe advance more accurately describes the perk we're offering: a safe, straightforward alternative to high-interest payday loans and other lending options. And because you can automatically repay your balance directly from your paycheck, an advance makes it easier to repay and get back on track sooner.
What does this mean if I have an active loan?
The conditions and repayment schedule for your loan haven't changed. The only difference is that you’ll see it referred to as an advance in emails and in Palolo moving forward.
Has the application process changed?
Nope! If you apply for an advance in the future, the application process and repayment methods will look the same.
Still have questions?
We're here to help! Contact us at email@example.com and we'll be happy to assist.