How to Borrow Money from LCredit Loan App

How to Borrow Money from LCredit Loan App

How to Borrow Money from LCredit Loan App

How to Borrow Money from LCredit Loan App: Are you seeking to borrow money from an online bank app but you do not know which one to go for or the features? Do you have intentions of borrowing money from LCredit but do not know how to go about it? Well, you are very fortunate to be con this page.

LCredit Is regarded as one of the loan app in Nigeria which offers quick money to individuals without demanding for any guarantor or collateral. The good thing about this particular loan app is that it does not make a choice of the specific loan you will get as a user, it offers you a chance to choose which loan you wish to go for.

While on LCredit, you can easily and quickly get instant loan anywhere and anytime without necessarily visiting any branch office or going through any processes. Reading through this guide will help you know how to quickly apply for loan using the LCredit.

If you do not know how to loan money from this app or you do not know the different features in the LCredit loan app, then you are on the right page.

In this guide, I will talk you through on How to Borrow Money from LCredit Loan App. Do well to stay on this page as all information will be provided below.

Before we go into the main topic, let’s quickly answer a few questions!!!!

 

Overview of LCredit Loan App

It is made known that the LCredit was established by the CASHIGO International Limited to help individuals to easily have access to secured loan without having to show any paperwork or collaterals.

A lot of people prefer the LCredit loan app as it only take about 5 minutes to get approved for the loan from the company. Aside this, it is also made known that if you refer the loan app to any new user, you will get to earn from it.

This loan app has about 1 million download and more than 70, 000 impressive reviews on the Google Play store. To register and get a loan from this app, you need to download the app, register for it and set it.

Check: Npower GEEP Loan Application Form Portal

Benefit of the LCredit Loan

Here are the advantages of using the LCredit loan app;

  • Making use of LCredit Loan, you do not need to present a guarantor and collateral or complete paperwork to get loans.
  • While using the LCredit Loan app, customers tend to enjoy support from excellent teams on the website, app and the social media platforms.
  • The LCredit Loan app has a fast registration process.
  • While using the LCredit Loan app, you will get to discover that the interest rate is very low and competitive, and the maximum rate is 1% daily and an annual percentage rate of 36% – 300%.
  • Customers using the LCredit app tend to enjoy easy and quick access to finds from N5,000 to N50,000.

 

Drawbacks of the LCredit Loan App

Aside from the advantages LCredit has, it also have disadvantages which some of them include;

  • It is important to note that Lcredit loan app has a short repayment time; the time starts from 7 days which is entirely different from other loan companies.
  • It is also vital to take note that the Lcredit Loan App takes some time to clear out the loan on the dashboard, even after reimbursement.
  • When you do not pay before the due date, the app threatens you and your contacts.
  • The LCredit app is only for those who have an Android device to download the app.

Check: CBN Agric Loan Application Form Portal

Requirements for the LCredit Loan

Here are the requirement specified for all those who intend borrowing money from the LCredit loan app

  • Bank Verification Number (BVN)
  • Age eligibility for the LCredit Loan is from 20 to 55 years old.
  • Bank debit card
  • Bank account details
  • Nigerian citizenship

 

How to Borrow Money from LCredit Loan App

To apply for loan on LCredit is very simple and effortless. All you need is a smart phone which you can use to download the app from Google play store. Then you simply follow these steps to apply and borrow money from the app.

  • You first need to download the app on Google Play Store
  • When that is being done, you launch the app and register as a new user.
  • Click the “Apply Now” tab on the app’s home page dashboard.
  • Do well to provide all details about you accurately.
  • Put in the amount you wish to borrow from the app.
  • Click and select the loan repayment time and wait for the approval.

It is important to take note that if the loan app approves your request, the app will send the money to your account but if the app rejects your request, you can reapply for the loan.

 

How Do You Repay LCredit Loan

You can simply repay the Loan by using any of the methods below;

  • You can make bank transfer to the Loan app
  • You can use your debit Card to make repayment
  • You can make use of your bank

 

FAQ

Does LCredit Loan App have a USSD Code?

It is important to note that the LCredit loan app does not have any USSD Code for transactions, you only need to download the app on your device and use it. Although it is mainly for those with Android Phone.

If you have intentions of repaying the debt, you can simply use any of the above written steps to repay the debt.

 

Summing Up

LCredit Loan app is a loan app platform that helps individual get quick fund and repair after few days. The app is very good and beneficial especially when it comes to allowing users choose which amount they want.

Author

  • Dora

    This post is authored by Dora Edet, an Editor of Recruitment Portfolio. Boasting over a decade of expertise in the recruitment sector, Dora provides up-to-date information on jobs and recruitment topics, career opportunities, and breaking news stories.

About Author

This post is authored by Dora Edet, an Editor of Recruitment Portfolio. Boasting over a decade of expertise in the recruitment sector, Dora provides up-to-date information on jobs and recruitment topics, career opportunities, and breaking news stories.

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