Lcredit Loan Code: How to apply, Interest rate, Is it legit and More - Startuppreneur

Lcredit Loan Code: How to apply, Interest rate, Is it legit and More

Lcredit will give you loan instantly without collateral or guarantor, they are one of the genuine loan app in Nigeria, they do not harass their customer or send defamatory message to their contact.

What is Lcredit Loan App

Lcredit loan app is a finance app where you can obtain loan without collateral or a paper work. Once you have your smart phone and good credit score they will surely give you loan.

Lcredit loan requirements

Before you can take loan from lcredit you need to meet up with their requirements which are

You must have a BVN and a bank account

You must have a source of income

You must not have defaulted on any loan before

You must have a good credit score

You should be between 18 to 55 years of age

How to apply for lcredit loan

Now that you know their requirements, it is time to apply for loan

The first thing to do is to head over to play store and download lcredit loan app

Launch the app and register with your name and other information

You will be ask to submit your bvn, do so and proceed

After the registration you will be automatically login

On your dashboard locate and click on loan

You will see the available loan offer

If you like it take the offer

In less than 10 minutes your loan will be disburse. For first timer it might take longer than this.

Lcredit loan code

Right now there is no used code for lcredit, what you can use is the app. Once lcredit release their loan code, we will update this post, you can bookmark this website.

How much you can get from lcredit

You can obtain up to #500,000 loan with lcredit without collateral or guarantor, but as first timer the loan amount you will be offer will be less than this, once you start taking loan and pay back regularly, your loan offer will increase.

Lcredit loan interest rate and payback period

Lcredit interest rate is between 5% to 30% though it depend on the amount of loan obtain.

The repayment period is between 1 month to 12 months depends on credit score.

Repaying your lcredit loan

You can repay your loan with ATM card or ask for lcredit account number by contacting them. Ensure you have the correct account number before making transfer.

Is lcredit Loan legit

Yes it is legit, there are numerous people who have taken loan from this app. They have more then 4 star rating on play store plus a lot of positive review.

What will happen if I default

If you default on loan lcredit will punish you by adding 2% interest rate to your loan every day until you pay back.

If you refuse to pay at all, your details including BVN will be sent to credit bureau for blacklisting, which means you will not be able to get loan again in Nigeria.

What I like about lcredit

  • Instant loan
  • No need of collateral or guarantor
  • Every body can apply except you have low credit score

What I don’t like about lcredit

  • Their loan interest rate is much
  • Their penalty is harsh.

Lcredit loan contacts

Phone no
+234 812 139 4395
[email protected]

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Above is how to obtain loan from lcredit, I will advice you to obtain  loan that you can pay back to prevent problem.

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