Lcredit Loan App Review 2023

In this detailed review, we’ll explore Lcredit Loan App, a quick loan app available in Nigeria. Lcredit offers an effortless way to obtain instant loans ranging from ₦5,000 to ₦50,000, with a relatively fair interest rate. While the loan application process is simple and doesn’t require a guarantor or collateral, there are important factors to consider, such as safety, interest rates, loan requirements, repayment process, customer support, and the trustworthiness of the lending company. Let’s delve into the key aspects of Lcredit Loan App.

About Lcredit Loan App:

Lcredit Loan App is a popular lending platform in Nigeria that provides users with quick loans directly to their bank accounts within minutes. The app caters to individuals with zero credit history and offers loans starting from ₦5,000. What sets Lcredit apart is its user-friendly interface and flexible loan requirements, making it accessible to a wide range of users.

Lcredit Loan Requirements:

Before applying for a loan on Lcredit, users need to meet the following essential requirements:

  1. An Android phone.
  2. Lcredit Loan App downloaded and installed on the Android phone.
  3. Nigerian citizenship and residency.
  4. Age between 20 and 55 years old.
  5. A valid bank account.
  6. Bank Verification Number (BVN).
  7. Bank Card (ATM Card).

It’s crucial to fulfill all these requirements to be eligible for a loan on Lcredit.

Lcredit Loan Interest Rate:

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%. It’s important to note that additional fees, such as origination fees, may apply, slightly increasing the total amount to be repaid.

Is Lcredit Loan App Legit?

Lcredit Loan App is undoubtedly a legitimate lending company. It maintains an active presence on social media platforms, including Facebook and Twitter, offers real-time online chat support, and has a significant number of downloads from reputable app stores. Moreover, Lcredit has a website and a physical head office, providing multiple customer support channels, including email, phone calls, live chat, and social media.

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

Obtaining a loan on Lcredit is a straightforward process. Users need an Android phone with the Lcredit app installed. Here’s how to apply for a loan:

  1. Sign up or register a new account.
  2. Click on the “Apply Now” button on the app dashboard.
  3. Provide accurate information about yourself.
  4. Enter the desired loan amount.
  5. Choose your preferred loan term/duration.
  6. If approved, the loan amount will be disbursed to your bank account, otherwise, you can reapply if your application is rejected.


Lcredit Loan App offers a convenient and accessible way to secure instant loans in Nigeria without the need for extensive paperwork, guarantor, or collateral. The platform’s fair interest rates, ease of use, and multiple customer support options enhance its credibility. However, it’s essential to exercise caution and review all terms before applying for a loan to ensure responsible borrowing.

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