Lcredit loan app: Interest rate, how to apply, is it legit

Lcredit loan app is one of the loan company that give instant loan without collateral in Nigeria.

You don’t need to visit any location before you will obtain the loan, with your phone you are good to to go. Their loan processing is very fast within an hour of submitting application your loan will be disburse. With this loan app you can obtain more than #100,000 laon at a go.

Requirements to obtain loan from lcredit loan app

Below are the requirements you need to meet up with before you can obtain loan from this app


Have good credit score

Have source of income

Be above 18 years of age


Have bvn and bank account

Have smart phone with which to obtain the loam

Once you meet up with their requirement you can go ahead and obtain the loan


How to apply for lcredir loan app

The first step is to download the loan app (click here)

Register with your name, bvn and other details

You will be ask to bind your card which might attract #30 fee, do so and proceed


Once you are done with registration you will be login to your dashboard

On your dashboard click on loan

There you will see amount of loan you are eligible to obtain


How much you can obtain from this loan app

With Lcredit loan app you can obtain up to #100,000 loan without collateral or paper work.

But as a first timer you will not be able to obtain up to this, as you continue to use the app, the amount of loan you can obtain will Increase.

Lcredit loan Interest rate and repayment period

Lcredit interest rate is between 5% to 30% depending on the amount of loan obtain. Their repayment period is between 7 days to 90 days also depend on the amount of loan obtain.


As a first timer you will be given high interest rate, your repayment period will also be short, as you continue to use the app this will improve.

Paying back tour Lcredit loan

To payback your loan head over to your dashboard

click on loan repayment


Here you will see deferent option to pay back your loan

Click on one and make payment

Once you make payment it will reflect on your dashboard


If it does not you should contact them.

What will happen if I default or refuse to pay back

If you default you will be punish by Increase in your loan Interest rate which might be up to 2%.

If you abscond, your name and bvn will be send to credit bureau for blacklisting which means you will not be able to obtain loan again in Nigeria until you pay back and clear your name with credit bureau.


Is Lcredit loan app legit

Yes Lcredit loan is legit, they will surely give you loan, but they are not license by CBN nor insure by NDIC.

Our final verdict on Lcredit loan app

Lcredir will surely give you loan, they have given loan to many people in Nigeria. But I will advise you to exercise caution when taking loan from this loan app.

They were remove from play store because of their atrocities. They are known to send defamatory message to their defaulters


If you are going to take laon from this this app ensure you have means to pay back to avoid had I know.


Lcredit loan will surely give you loan but exercise caution. Take loan that you know you can payback to avoid had I know. Also this loan app is not license by CBN so if any thing goes wrong it will take time before CBN will interfere.

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