Magento 2 Loan Credit Extension

Magento 2 Loan Credit Extension by MageComp let store owner give virtual credit to their store customers using which they can quickly purchase the products and settled their account later.


  • Assign credit to your customer & let them use while checkout.
  • Set minimum & maximum amount for credit usage.
  • Enable the extension for specific countries if needed.
  • Your customer can request credit from frontend.
  • Backend grid to manage & assign loan credits.
Special Price $59.00 Regular Price $69.00
Magento 2.1, 2.2, 2.3, 2.4
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Having wholesaler & retailer store both and want to give credit to your some regular shoppers? In a traditional physical store, where shoppers can purchase products without paying anything, and at the end of the month they settled their account by paying all money at once. This kind of traditional payment method offers flexible and convenient transactions at both hands. Integrating such a system in an online store helps you to increase your sale and average customer order value. But what if you want to integrate such loan system in your online Magento store?

Best Magento 2 Loan Credit Extension AKA Best Magento 2 Store Credit Extension by MageComp allows the Store owner to allocate some virtual credits to your customer account through which can they can easily purchase store products. The extension offers flexible loan system by which store owner can easily assign loan amount to the customer account as well as the customer can make a request from their account section. Moreover, the admin can see Customers Loan requests from the backend and can approve if needed.

Why choose Magecomp’s Magento 2 Loan Credit Extension:

  • Backend option to enable or disable the extension.
  • Store admin can set custom payment title to display in-store frontend.
  • Using backend option, store admin can assign default order status if needed.
  • The admin can Loan credit for all countries or specific countries by making a selection from the backend.
  • Also, store admin can set minimum and maximum amount using backend options for Loan credit.
  • Option to assign sort Order to display loan credit payment method at the top.
  • From customer view section, admin can directly assign credit amount for that particular customer.
  • Once the amount is credited, a customer can see the available credit from their account section and can purchase at any time using given credit.
  • The customer can easily request for more loan credit directly from their account section.
  • Store admin can see all the customer’s loan requests from the backend grid and can approve if needed.
  • At Checkout, the Loan Credit Payment method will be displayed only if the Total amount is less than available credit.

Enable the extension for specific countries

The admin can enable the credit option for all the countries or only for the specific countries by making use of Magento 2 Loan Credit Extension.

Grant credit to your customer & use it while checkout

Best Magento 2 Loan Credit Extension by MaegComp allows the store admin to give loan credit to the customers at the time of checkout. The customers get the frontend option to request the credit.

Manage & assign loan credits

The admin can manage the credit requests from the backend. Whenever any customer requests for the loan, the admin makes the decision whether to accept or not.

Set minimum & maximum limit for credit usage

From the backend grid, the admin can fix the minimum and maximum value for the utilization of loan credit through Magento 2 Loan Credit Extension.

Your customer can request credit

The customer gets the option for credit at the checkout time. The option will be available only if the total bill amount is more than the minimum credit value set from the backend. The customer can also request for the credit from their My Account section.

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Version 1.0.4 Date : 28-07-2022

- Compatible with the latest Magento 2.4.4 version

- Compatible with Magento Coding Standards

- Minor bug fixing

Version 1.0.3 Date : 12-11-2021

- Resolved Price Formatting issue

- Minor Bug Fixing

Version 1.0.2 Date : 28-02-2020

- Added Email Functionality for Admin to receive loan request

Version 1.0.1 Date : 11-10-2019

- Compatible with Magento 2.3.3 Latest Magento version

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