Lcredit is no doubt one of the best online financial institutions in Nigeria. They have operated in the country for about 3 years now and have maintained their trust in their customers.
With the Lcredit app, you can access all features available for you to easily obtain loans from the platform.
One thing about the online loan platform is that you easily obtain loans from them as long as you are a Nigerian and you have completed their requirements and there is not much paperwork or collateral unlike the traditional banks out there.
Meanwhile, in this article we will be focusing on the most important aspect you have to know about the Lcredit Loan, especially how you can download both Android and iPhone and many more.
Recommended post:
- Zenka Loan Limit | Learn how to Increase Loan Limit Zenka & Other Loan Apps
- Best Loan Apps in Nigeria | Top 5 100% Legit Loan Apps in Nigeria
Why you can’t find Lcredit on Play Store
The Lcredit app is to be on the google play store to make it very simple and easy for the customers to download.
But due to the report that the Nigeria Customer Commission received from customers. This led the commission to report the company to the play service and the Lcredit app was removed.
However, the Lcredit app cannot be downloaded from the Google Playstore when filing this report.
Moreover, they are many customers that have been complaining about the debt recovery manner of Lcredit. Some customers complain that the company uses an abusive manner when it comes to loan recovery.
Therefore, we are sorry to inform you that due to the Lcredit 2 weeks repayment plan, sending Whatsapp messages to the debtor’s contact list, the company has been tagged as a fake loan company.
Lcredit Loan App Overview
The Lcredit Loan is an online Financial institution that grants loans to everyone both for personal use, business and otherwise.
Moreover, they have lots of features that make the popular which include their quick response to their customers, and recent, they included a new feature to assist student that is in need of urgent money to pay their fees.
Although the company have operated in the country for about three (3) years now, they have been registered with the Central Bank of Nigeria (CBN)
However, even at that, many people still trust them because they secure all the private details of their customers and ensure that no other third parties access the information.
How Much Time Does Lcredit Take To Approve My Profile
As for how long it takes Lcredit to approve your loan profile. Once your upload or fill out the online application provides them with the truthful information they need from you. this will help to facilitate your profile verification or approval so to say.
Usually, Lcredit is known for a quick response when it comes to registration and proof of loan applicants.
Recommended post:
- Pi Network App| Download Pi Network App from play store or App store
- Minerstat download | Download minerstat softwares
Who owns the Lcredit Loan Company
The person known as the actual owner and who runs the Lcredit Loaning Company is Akinwande Ademosu. He is the Managing Director (MD)/CEO of the Credit Limited.
How the Lcredit Platform Works
The application as well as the profile verification is very easy and straightforward. First and foremost, you have to download the Lcredit app on your mobile phone or Pc.
Once you are done, fill out the electronic form promptly which will take you just a few minutes to complete.
Meanwhile, after this process, the next is for the company to review your information and ensure that the information you provide is valid and corresponds to each other.
However, after the verification, if you provide the right information, your general credit score will also be reviewed, after all these and they found that you are eligible to obtain the loan.
Within 5 minutes, your money will be instantly disbursed into your bank account.
How to Repay Your Loan on the Lcredit Platform
It’s very easy to obtain a loan on the Lcredit platform, but when it comes to repayment some find it very difficult to do so.
Recommended post:
Onmax DT Review | Benefit 300% ROI | Legit or Scam
Payday Africa | Swift Transfer & Digital Banking App
- However, we will be giving the procedures which you can use to repay your loan on the Lcredit platform.
- Launch the Lcredit loan app
- On your dashboard, tap on the Loan Bill icon
- Your outstanding loan repay will pop up on the screen
- Then, tap on the repay option
- After that, choose your repayment option to continue (bank, USSD, or debit/credit card)
- Carefully add the details and click on the repay option
- As soon as you complete the process, your loan will repay.
Lcredit platform interest rate
This is one of the things that makes the company unique and one of the best in the country. Their interest rate is quite ok.
However, the Annual interest rate of the Lcredit Company ranges from 36.5% to 300%. Unlike other online loaning platforms, Lcredit calculates its interest rates daily. This is very common to every business for its growth.
Therefore, personal loans range from 11.9% & to 36% for salary earners and self-employed customers.
How to Download the Lcredit Mobile app on your Phone or Pc
They are three different ways through which you can download the Lcredit loan app depending on the type of device you are using. But in this simple guideline, you can download the app regardless of the type of device you are using.
Lcredit Loan App Download for iPhone
To do download the Lcredit app on your iPhone, you can visit the app store and search for the Lcredit Loan app and download it.
Lcredit Loan App Direct Download on Your Mobile Device
This is the last process in which you can download the app directly on your mobile device as a file and install it.
Recommended post:
- NihaoPay | Overview, Shopify, Register, Purchase Make Sales Now
- Spark Group Review | Download Mobile App | Register & Get Employed
Follow the step closely to download the app directly into your mobile app.
Tap Lcredit-Loan Online and Cash, Anytrime.Apk
Tap on the Install button.
Finally, follow the steps promptly to successfully install the app.
As for Google Play Store, as for now, you cannot download the Lcredit loan app from there due to what transpired between the Lcredit company and the Nigerian Federal Government.
However, you can still use the download format to download the app directly into your mobile phone.
Please, if you find this information helpful or have any Lcredit Company-related issues which you wish to share with us you can do so in the comment section below.
And for more related topics like this, you can visit our page.
Frequently Asked Question
How can I download the Lcredit app for iPhone?
To download the Lcredit app on your iPhone, you can visit the app store and search for the Lcredit Loan app and download it.
Why is Lcredit no longer on Google Play Store?
Due to the report, the Nigeria Customer Commission received from customers. This led the commission to report the company to the play service and the Lcredit app was removed.
Who is the owner of Lcredit Company?
The person known as the actual owner and who runs the Lcredit Loaning Company is Akinwande Ademosu. He is the Managing Director (MD)/CEO of the Credit Limited.
Recommended post:
- Flow Extra Review | Sign Up & Earn Passive Income | Legit or Scam
- Hawkit Review | Sign Up & Make 50K Instantly | Legit or Scam
- Xifra Lifestyle Review | Benefit Compensation Plan | Legit or Scam, Sign Up
Leave a Reply