Title: Lcredit Loan App Review: Your Ultimate Guide to Hassle-Free Online Loans in Nigeria


In the era of instant online loans with no cumbersome documentation and no need for a guarantor, the Lcredit loan app stands out as one of the many options available on the internet. If you’re in Nigeria and have zero credit history, Lcredit offers a convenient solution, allowing you to access loans ranging from ₦5,000 and beyond, all disbursed directly to your bank account within minutes.

While the ease of obtaining loans through Lcredit is enticing, it’s crucial to consider factors such as your safety, interest rates, loan requirements, repayment procedures, customer support, and the trustworthiness of the lending company. This comprehensive Lcredit loan app review aims to provide you with all the essential information you need before applying for a loan on Lcredit.

About Lcredit Loan:

Lcredit is a quick loan app in Nigeria that offers loans ranging from ₦5,000 to ₦50,000 at a relatively fair interest rate. What sets Lcredit apart is its effortless loan acquisition process, enabling you to apply for and receive funds directly into your bank account within minutes. Furthermore, Lcredit eliminates the need for a guarantor, collateral, or excessive paperwork. All you need is a working Android phone, making it accessible to a wide range of individuals.

Lcredit Loan Requirements:

Before you dive into the world of Lcredit loans, it’s essential to understand the prerequisites. To be eligible for a loan on Lcredit, you must meet the following requirements:

  1. Have an Android phone.
  2. Download and install the Lcredit Loan App on your Android device.
  3. Be a Nigerian resident.
  4. Be between 20 and 55 years old.
  5. Possess a valid bank account.
  6. Provide your Bank Verification Number (BVN).
  7. Have a bank card (ATM card).
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Failure to meet these requirements may result in ineligibility for a loan on Lcredit. However, if you meet these criteria, you can enjoy the convenience of accessing quick loans.

Lcredit Loan Interest Rate:

When considering any loan, it’s crucial to evaluate the interest rates. Lcredit offers a relatively fair interest rate, with a maximum of 1% per day and an Annual Percentage Rate (APR) ranging from 36% to 300%. Keep in mind that additional charges, such as origination fees, may apply, potentially increasing the total repayment amount.

Is Lcredit Loan App Legit?

With an active presence on social media platforms like Facebook and Twitter, real-time online chat support, and a substantial number of downloads from reputable app stores, Lcredit loan app establishes itself as a legitimate lending company. Unlike some other loan apps, Lcredit even has a website and a physical office, further enhancing its credibility. Additionally, Lcredit offers various customer support channels, including email, phone calls, in-app live chat, and social media, ensuring that customers can easily seek assistance when needed.

How to Get a Loan on Lcredit – Lcredit Loan Application:

Getting a loan through Lcredit is a straightforward process. Here’s a step-by-step guide:

  1. Sign Up/Register a new account.
  2. On the app dashboard, click on the “Apply Now” button.
  3. Provide accurate information about yourself.
  4. Specify the loan amount you require.
  5. Select your preferred loan term/duration.
  6. If your application is accepted, the loan amount will be disbursed directly into your bank account. You can reapply if your initial application is rejected.

Lcredit Loan App Review:

Now, let’s delve into the detailed review of the Lcredit loan app, covering its key features, pros, and cons.

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  1. Established Reputation: Lcredit has been in the industry for a while, building a solid reputation.
  2. Online Presence: The company maintains a website and active social media pages, ensuring transparency and communication.
  3. Competitive Interest Rates: Lcredit charges a maximum of 10% interest rate per month, which is competitive.
  4. No Collateral: You can access loans without the need for collateral.
  5. Efficient Registration Process: Registering for an account is quick and straightforward.
  6. App Updates: Lcredit regularly updates its app, enhancing user experience.


  1. Aggressive Collection Practices: There have been reports of Lcredit employing aggressive tactics when customers default on loan repayment.
  2. Short Repayment Tenure: Lcredit offers short loan repayment durations, starting from 7 days, which can be challenging for some borrowers.
  3. Delayed Loan Clearance: Some users have experienced delays in loan clearance from their dashboard even after making repayments.
  4. Complex App Download: Some users find the process of downloading the Lcredit loan app intimidating.


Lcredit Customer Care:

Lcredit offers multiple customer support channels to address your inquiries and concerns:

Customer Care Number: +234 016310555 WhatsApp Number: The in-app live chat feature serves as the Lcredit WhatsApp number. Email Address: Reach out to them at lcreditng2019@gmail.com. Social Media: Connect with Lcredit on various social media platforms, including Facebook, Instagram, Twitter, and Pinterest.

Lcredit Office Address:

Lcredit’s headquarters are located in Lagos, Nigeria. This physical presence adds to the company’s legitimacy and accessibility.

Lcredit Loan – FAQs:

Here are some frequently asked questions about Lcredit loans:

1. What is Lcredit loan limit – How much can I borrow?

  • Lcredit loan amounts range from 5,000 naira to 50,000 naira.
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2. How long does Lcredit loan approval take?

  • The information submitted is typically reviewed within 24 hours, and loan approvals can be processed in just a few minutes.

3. What is the minimum amount I can borrow from Lcredit?

  • The minimum Lcredit loan amount is 2,500 naira.

4. Will I pay more if I pay late my loan on Lcredit?

  • Yes, if you have any unpaid bills on the loan after the repayment date, overdue fees may apply.

5. Why was my Lcredit loan application rejected?

  • Loan applications may be rejected if the information provided is inaccurate or if your credit history is unfavorable. It’s essential to provide truthful information and maintain a good credit record.

6. How genuine is Lcredit?

7. How can I increase my loan limit on Lcredit?

  • Maintaining a stable loan repayment record and adhering to the repayment schedule can lead to periodic increases in your loan limit.

8. What do I need to get a loan on Lcredit?

  • You need to prepare personal information, work details, and emergency contact information.


In summary, Lcredit emerges as a dependable online loan provider in Nigeria, offering a hassle-free borrowing experience. With just your Android phone and a bank account, you can access loans without the need for collateral or a guarantor. This comprehensive Lcredit loan app review has covered crucial aspects such as interest rates, requirements, and app download procedures, equipping you with the knowledge necessary to make informed borrowing decisions. Lcredit’s established reputation, online presence, and various customer support channels contribute to its legitimacy and accessibility in the lending market.

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