Lcredit loan app review (Is Lcredit.ng legit or scam?)
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Lcredit loan app review (Is Lcredit.ng legit or scam?)
Read all about the Lcredit loan app in this Lcredit review.
There are times in life when we urgently need money to solve a pressing issue, and maybe we can’t quite seem to get it from friends or family. The next best option is to get a loan.
Taking loans from commercial banks is a very stressful process, the paperwork and also the fact that you will need a collateral just puts off most people.
In the past few years, there has been an increase in the number of apps & platforms that offer small loans to students, entrepreneurs and business owners.
Lcredit.ng is an app that offers loans of up to 50,000 naira to Nigerians, without the need for paperwork or collateral. With Lcredit, you can get your loan application approved in a few minutes and get the cash in just 10 minutes.
According to its website “Lcredit is a quality financial service platform for Nigerians to get loans, anywhere, anytime in any emergency, whether it is day or night, you can get the loan within.
In this Lcredit loan app review, I am going to be writing about all you will need to know about this app, under the following sub-topics “Is Lcredit loan app legit?”, “Lcredit loan interest rate”, “Lcredit customer care”, “Lcredit office address”, “How to apply for a loan on Lcredit?” and more.
Remember to leave us a comment after you finish reading and also share with your friends on social media.
Let’s get into it then…
What is Lcredit.ng?
Lcredit.ng is an app that offers loans of up to 50,000 naira to Nigerians, without the need for paperwork or collateral. With Lcredit, you can get your loan application approved in a few minutes and get the cash in just 10 minutes.
According to its website “Lcredit is a quality financial service platform for Nigerians to get loans, anywhere, anytime in any emergency, whether it is day or night, you can get the loan within.
How to get/apply for a loan on Lcredit
There are four simple steps to get a loan on Lcredit app.
- Register an account using your android phone
- Submit your BVN information, no paper documents required.
- Get approval and apply for a loan
- The money will be transferred to you in minutes.
Requirements for a loan on Lcredit
The advantage of Lcredit is that it doesn’t require paperwork for you to get a loan, as long as you are between the age of 18 to 55 years of age, you can apply and get a loan easily.
Lcredit loan interest rates
Lcredit offers loan interest rates with a minimum of 0.1% up to 1% for loan period range from 91 to 180 days.
Annual interest rates from 36.5% to 300%, the interest rate is calculated on a daily basis. If you choose 91 days’ loan, payment terms have an origination fee of 39% and an interest rate of 2.7%.
For example: A loan processed with a principal amount of 3000 naira, the origination fee would be 1,174 naira, the interest would be 81 naira, the total amount due would be 4,255 naira.
Is Lcredit loan app legit?
Lcredit seems legit. Reading reviews online, you can get a loan of up to 50,000 naira easily in just a few minutes without the need for many paperwork or collateral.
The few complaints I have seen about Lcredit is a little bit about their customer care, but other than that, it looks a good option to get a loan.
Don’t just take my word for it, make sure you do your own research about Lcredit before taking a loan.
You can leave your reviews in the comment section below.
Lcredit customer support
If you want to get in touch with Lcredit.ng, you can do that via the below channels:
Lcredit 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
Frequently asked questions (FAQs)
How to increase my loan amount on Lcredit?
Maintain a stable loan record and repay the loan as scheduled, they will increase your loan amount from time to time.
What are the basic conditions for applying for a loan on Lcredit?
As long as you are between the age of 18 to 55 years of age, you can apply and get a loan easily.
Is Lcredit loan app legit?
Lcredit seems legit. Reading reviews online, you can get a loan of up to 50,000 naira easily in just a few minutes without the need for many paperwork or collateral.
Conclusion
Thank you for reading my Lcredit loan app review. If you have any question or comment, you can leave it in the comment section below.
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22 thoughts on “Lcredit loan app review (Is Lcredit.ng legit or scam?)”
I am already a customer and I am finding repayment of loan difficult. Otp is always sent to my missing mtn sim 08061166080 showing that my debit card with last 3 digit 940 is linked to the line. Please send otp to 09024567821 to enable me pay quick. The sa mumber is linked to mu bank account.2087…..378
Loan interest and fees are too much for a short period
I don’t know why my card is not allowed to repay anymore, and i have used this my verve card to get and repay my loan once, i also got the second loan with the same verve card, i now wanted to repay the sencond loan giving me fail, my loan now remain 2days to duel. What is happening i want to pay before the due date please
Please i find it difficult to enter into the app.
Can I get the acct.no direct contact so I can make my payment before the end the day
Thank you.
Thanks
If I borrowed #50,000 how much will i pay back
I am finding it difficult to register, when i to d place of Lcredit creating of 4 digit pin.
Hello message me on WhatsApp 07019266838
IF I borrowed 50,000 how much will I pay back
The ask for my account number and I give it with my bvn but the keep telling me wrong account number or it doesn’t match my bvn am confused.that’s the account and using
Sorry to ask… Were they able to resolve the problem?
Did you finally get the loan?
I’m asking because I was told that I should provide a valid personal mail, I still do not understand why my two mails aren’t working
You better run for your life. They will milk you dry and start criminalizing you if you default even for a day
This number have been disturbing me saying one of friends borrowed money without paying back. 018887895 when I asked them some questions they refused to respond.
This same number with others which are similar to this one are disturbing me and it is very irritating.
I have lodged complain with the NCC, NITDA CBN and I intend to do so to the police.
These fraudsters kept contacting me non stop via different forums with claims of someone on my contact list using me as a guarantor to collect a certain loan from them, and went further to send threats and msgs insulting my person as a means of getting me to pay them money i know nothing about. I have so far reported this to the appropriate bodies alongside recorded and screenshot proof of the fraudulent messages i received from them and awaiting a response. They are apparently a fraudulent organisation.
People from Lcredit kept contacting me non stop via different forums with claims of someone on my contact list using me as a guarantor to collect a certain loan from them, and went further to send threats and msgs insulting my person as a means of getting me to pay them money i know nothing about. I have so far reported this to the appropriate bodies alongside recorded and screenshot proof of the fraudulent messages i received from them and awaiting a response. They are apparently a fraudulent organisation and should be brought to book.
If I borrowed 50000 how much we I pay
If borrow 50000, how much will pay back
They are bunch of scammers and the Nigerian government is after them through FCCPC for eroding the privacy of Nigerians and over high interest rate on their loans as well as blackmaing and intimidating unsuspecting Nigerians. They are thieves that needs to be bought to book.
Lcredit is a fraudulent App and that has been confirmed by Nigerian regulatory body CBN and FCCPC. Beware of their activity as they have sent many innocent Nigerians to early grave
I am supposed to repay my LCREDIT loan today, but I lost the APP to phone formatting and I just can’t find the app anywhere to download and pay. Kindly assist. My number is 08067095072
I have paid my loan but I find it difficult to get another loan.