Lcredit Loan App Review: Access Instant Funds Without Collateral
Introduction The Lcredit loan application is among Nigeria’s loan apps that provide swift monetary assistance to individuals without requiring any collateral or guarantors. Beyond its lending services, this app also allows users to generate extra income by referring new individuals to join the platform.
Instant Loans Anytime, Anywhere With the Lcredit loan app, you can obtain immediate loans anytime and anywhere, eliminating the need to visit a physical branch or undergo complex procedures. The process of borrowing funds from the Lcredit app is simple and swift.
Advantages of the Lcredit Loan Users of the Lcredit loan app can enjoy numerous benefits, including:
Easy and rapid access to funds ranging from N5,000 to N50,000.
Competitive and low interest rates, with a maximum daily rate of 1% and an annual percentage rate of 36% – 300%.
Effortless registration process.
Responsive customer support available through the website, social media, and the app.
No need for collateral, guarantors, or extensive paperwork.
Drawbacks of the Lcredit Loan While the Lcredit Loan App offers several advantages, there are certain disadvantages to consider:
Limited compatibility, as the app is only available for Android devices.
In case of repayment default, the app employs aggressive measures towards the borrower and their contacts.
Delayed loan clearance on the dashboard even after repayment.
Shorter repayment time compared to other loan providers, starting from 7 days.
Requirements for Lcredit Loan The Lcredit loan app has minimal requirements, with users needing to provide basic details to initiate the loan application process. The prerequisites for obtaining a loan from Lcredit are as follows:
Lcredit Loan App’s Status Due to privacy concerns, Google Play Protect removed the Lcredit loan app from its store. The app reportedly misused user data to defame individuals by sending derogatory messages to their contacts following loan disbursement.
To safeguard user privacy, Google took down the app, rendering it unavailable on the Google Play Store. The app’s parent company is reportedly addressing these issues.
Availability of USSD Code The Lcredit loan app does not offer a USSD code for transactions. To utilize its services, downloading the app onto an Android device is essential.
For loan repayment, follow the provided steps: bank transfer, debit card, or bank payment.
Lcredit Loan Customer Support Contact Lcredit loan through various channels: