smartbusinessinfohubMost time in life you may quickly need money to solve a pressing issue; LCredit Loan App Review will help you know what to expect in getting a fast Loan in Nigeria, it may be difficult to get this money from friends, family, but LCredit Loan App will give you the loan in 10mins.
In finance, a loan is the lending of money by means of one or greater individuals, businesses, or different entities to other people, organizations etc. The recipient (i.e., the borrower) incurs a debt and is generally vulnerable to pay interest on that debt until it’s far repaid as well as to pay off the foremost quantity borrowed.
This Lcredit Review is to let you know all what you need to know about the company, its loan app, interest, etc.
LCredit Loan App Review
What is LCredit Loan App?
LCredit is one of the unique Fintech platforms. you should be a Nigerian for us to provide you with financial mobility whenever for whatever. Our services is based on mobile internet security technology and big-data analysis innovation.
It is an loan app that provides loans to entrepreneurs, small and large businesses, students and individuals. The app is owned by a company which bears its name— LCredit.
This is a quality financial service platform for Nigerians to get loans, anywhere, anytime in an emergency, whether it is day or night, you can get the loan within.
Getting loans from commercial banks is quite a difficult process, the paperwork and knowing that you will need collateral to make many people discourage.
Lcredit.ng is an app that gives loans of up to 50,000 naira to Nigerians, without any need for paperwork or collateral. LCredit helps you get your loan application approved in a few minutes and get the cash in just 10 minutes.
LCredit Review Loan Requirements
All loan apps have their requirements and Lcredit is no exception. To qualify for a loan you must provide the following:
- You have to provide your mobile phone number.
- You need to provide your Bank Verification Number (BVN)
- You need to provide your bank account details.
- You need to be a Nigerian and between the age of 18 to 55.
How Much can be Loaned with LCredit App
The LCredit allows loan between N1,000 to N50,000. You won’t be allowed to loan a big amount if it’s your first time but you can increase loan amount if you keep a good record of paying your previous loans on time.
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What is LCredit Interest Rate?
Interest rate on Lcredit varies depending on some factors, the loan terms are one of the determining factors and credit score also has a big part to play.
LCredit Support Service
In case you have pressing issues which you need answers to, it is always a good idea to contact the customer care. After all, customers care systems are set up for this exact reason.
For LCredit, their customer care Support are as follows:
Their office address: Lekki phase 1, 22A Rasheed Alada Williams street, Lagos Nigeria.
Twitter: https://twitter.com/lcreditng
Instagram: https://instagram.com/lcredit.ng
Facebook : https://facebook.com/lcreditng
You can reach them on 016310555 and through email with support-ng@firchinternetioanl.com.
How to Apply for LCredit Loan
- First, go to Google Playstore and download the app. Click HERE to download.
- Sign up with your mobile number and verify. I found it difficult to verify my phone number as the verification code was sent after several tries.
- Then set your log in PIN and tap on “Confirm”.
- Tap “Apply now” on the next page that comes up
- Go ahead to provide your BVN and other information which includes your name, date of birth, gender.
Just follow the simple steps to get a loan.
READ HERE: 6 Best Loan App to Borrow Money in Nigeria
How Do You Repay LCredit Loans
You can repay back loans through setting up automatic repayment. This will save you the stress of bank deposit while it makes for prompt payment of borrowed amount.
You can ask any question using the comment box.
And don’t forget to share this post with friends who might be interested in getting a quick loan.
LCredit Review
Getting a loan in Nigeria commercial banks can be a rigorous process, with all the requirements and time taken for processing it. LCredit makes all of that easy. This makes them stand out from the rest.
Pros
- Quick loan – 1 minute to get approval, 10 minutes to get cash
- No paper documents needed! Apply online just by submitting necessary information
- Automatic check Online – Quicker than any loan platforms
Cons
We haven’t found any reason why you wouldn’t want to use LCredit Loan App to get money
Is LCredit Loan App Legit or a Scam?
You can be sure that Lcredit loan app is legit. They seem to fulfill their promise of giving loans of up to 50,000 Naira.
If you go online and read reviews of the app especially on the play store, you’d see that there is very little monkey business going on. Almost all reviews are positive. Here, at SmartBusinessInfoHub we take individual reviews very seriously.
Lcredit does have some bad reviews though and these are mostly about their customer care.
Response time to complaints is believed to be slow. Apart from this, Lcredit seems to be a legit platform.
Here is their Money lender’s licence Serial.0000367
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Frequently Asked Questions
Q: How long will it take to register?
A: Using your android phone, you can register your account in 1 minute.
Q: How to apply?
A: Register using your android phone and submit necessary information (BVN, job information)
Q: What are the basic conditions for applying for loan using LCredit?
A: Nigerian, 18-55 years old.
Q: how to increase the loan amount?
A: Maintain a stable loan record, and please repay the loan as scheduled. We will increase your loan amount from time to time.
Q: How you Sure of this LCredit Loan App Review?
A: Our review is sure to the best of our ability, and we have people who have gotten loan from them.
Summary
That’s about all you need to know about Lcredit loan app. Don’t just take my word for it and go ahead to secure a loan, do a bit of investigation on your part.
CLICK HERE: 6 Best Loan App to Borrow Money in Nigeria
Quick Disclaimer
We are not LCredit company; neither are we their staff, the Lcredit Review is provided for information purposes and personal opinion based on what we’ve tried with the Loan app.
Do read their terms and interest rate policies before you proceed to get loan from them. We have an affiliate link on the site in which if you click we get a small commission .
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2 comments
Kudos, this information really help.
I need a Good loan company.
Thank you, we appreciate.
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