LCredit Loan App Review 2023: Login, Office, Email Address, Phone Number

Before you take a loan I highly recommend you read this LCredit loan app review to avoid falling for what you never expected.

Recently there have been lots of mobile loan apps which are actually helping people in time of urgent needs.

However, some of the Nigerian loan apps have proven to be unreliable and with personal and confidential information needed before getting a loan, one needs to be careful.

There have been several cases of scam on the internet and the number keeps increasing. That is the main reason you need to be sure what you are doing and who you give your information to.

What is LCredit loan app? is a Fintech app that offers Nigerians quick loans ranging from N5,000 to 50,000 naira instantly without collateral. 

The app collects and analyses your information including credit score with your bank, SMS alerts, contacts and other necessary details before disbursement of your cash loan in less than just 10 minutes.

LCredit disburses loans in a few minutes and they claim to be a ‘quality financial service platform’ for getting quick loans especially during emergencies.

READ MORE: Crowdyloan Review: 3 Reasons it might be a scam

They offer low interest rates compared to some of the Nigerian loan apps with no collateral which makes it one of the best loan apps in Nigeria.

Who is the owner of LCredit?

LCredit is owned by Cashigo International Limited.

LCredit Contact Details and address

Their office address is Lekki phase 1, 22A Rasheed Alada Williams street, Lagos Nigeria.

Social Media channels
  • Twitter:
  • Instagram:
  • Facebook:
READ MORE:   Motley Fool Stock Advisor Review 2023: Is it worth it?
LCredit Loan app review

LCredit Loan requirements

Below are the requirements for getting quick loan on LCredit loan app:

  1. Bank Verification Number (BVN).
  2. Ages of 18 – 55 years.
  3. Email address
  4. Phone Number
  5. Good credit score.

LCredit doesn’t require much during loan application, as long as you have a good record of credit score, then you should be eligible to get a loan from the platform.

LCredit Loan App Review: Is it Legit or Scam?

LCredit is scam.

They have proven to be one of the loan apps in Nigeria offering loans with high interest rates to people.

And it is safe to say that LCredit is not legit. They offer high interest rates. The application was removed from the Google Play Store.

Although many users have been complaining of the high interest rates, fees and charges.

When you get a loan from LCredit, kindly pay on time to avoid extra charges which might be annoying to some users who may not take it kindly.

What Happened to LCredit Loan App?

Play Protect, the Playstore security system that checks apps hosted on Google for malware and other dangerous viruses and fraudulent apps, removed LCredit from Google Play Store.

Google had forewarned users against downloading the LCredit app because it was attempting to snoop on their smartphones’ financial information, banking contacts, recordings, images, and other sensitive data which the Google Privacy Statement.

How to apply for LCredit loan

Applying for a loan on the LCredit loan app is quite simple and can be done in a few minutes without stress.

Being a digital platform, LCredit operates on Android smartphones where you only need to install the app on Google Playstore and begin the application.

  • Install LCredit loan app on Google Playstore.
  • Enter your phone number (The one link to your BVN).
  • A One Time Password (OTP) will be sent to your phone number, enter and complete your registration.
READ MORE:   Crowdyloan Review: 3 Reasons it might be a scam

What is LCredit Loan Interest Rate?

LCredit offers loan interest rates of 1% per day for loan periods of 91 to 180 days and annual interest rates from 36.5% to 300%, the interest rate is calculated on a daily basis.

Loan of 91 days’ the payment terms have an origination fee of 39% and an interest rate of 2.7%.

LCredit offers one of the highest interest rate with high charges, and their customers are not happy about it.

READ MORE: KashKash Loan App Review 2023: Is it the Best Loan App?

How to repay LCredit loan

There are different payment method for repayment of LCredit loan which includes:

  1. Payment through bank transfer

You can repay your LCredit loan through bank transfer. Before you proceed, you need to confirm the account details properly.

When the transfer is successful, you will click on “I have made the bank transfer” your loan repayment will be successful.

  1. Pay with bank /Card

This method seems to be the easiest, once you are ready to repay your loan, click on repayment now, it will redirect to where you will pay with card.

Enter your card details carefully to avoid inputting the wrong details. The required details are card number, card expiry date and your card CVV which is a 3-digit number at the back of your debit/credit card.

  1. Bank method
READ MORE:   FXPrimus Review 2023: Login, Withdrawal, Complaints & Minimum Deposit 

Another payment method is the bank method. This method you will need to select the bank account you want to repay with

When you select the bank account you want to repay with, your account will be debited and the loan repayment completed.

LCredit Review: Conclusion

LCredit loan app is one of the fraudulent loan apps in Nigeria and it has been removed from Playstore.

They have been offering loans to users who need money urgently to solve their respective problems.

But their interest rate and mode of operation is questionable which makes it unreliable.

Frequently asked questions (FAQs)

How much can I borrow from LCredit?

LCredit app offers quick loans ranging from N5,000 to 50,000 Naira.

What will happen if I don’t repay my LCredit loan?

When you fail to repay your loan with LCredit, your account will be reported to the Credit Investigation Bureau and your bank account will be debited automatically anytime you deposit money.

Why is my LCredit loan application rejected?

Your loan application will be rejected if your credit score is bad or you provide false information. 

How do I increase my loan amount on LCredit?

If you repay your first loan on time you stand a chance to borrow higher amounts.






10 responses to “LCredit Loan App Review 2023: Login, Office, Email Address, Phone Number”


    please how can i repay when my Android phone is stolen. Please i need a genuine account number or how to i make payment now. 07037679530 [email protected]

    1. Katumu Adasi Avatar

      Use another phone to login using your details and you can repay the loan through the app.

      That’s the genuine way to repay the loan

  2. Kingsley Xzico Avatar
    Kingsley Xzico

    Please why does Lcredit request for my BVN ???

    1. Katumu Adasi Avatar

      All the loan apps always request for BVN, it’s part of the requirements

  3. Benjamin Avatar

    What is the interest of 11,000 loan duration of 14days?

  4. Anonymous Avatar

    Please do not fall victims o. This article isn’t telling you the whole truth. These lcredit are worse than others. They’ve been banned from play store and are now on applestore (iOS). Please do not install this app if you desire peace in your life.

    1. Princess Avatar

      If you to pay up on time will they start texting your WhatsApp contact and the interest is too much

  5. Anonymous Avatar

    My brother run for your life. This people are not who you think. Your peace is paramount o

  6. Anonymous Avatar

    This lcredit loan or whatever they call themselves have refused to refund the double payment my hubby made since first of April…they’ve been posting him and today is 19 already.
    These people are thieves!!!
    People please beware!! We’re still going to take up other measures in making sure we get our refund.

  7. Esther Avatar

    LCredit is the worst thing that can ever happen to you in your entire existence. Their interest rate is fv#king much for just two weeks and if you default, even if its 2hrs,they will disturb you with messages and send your pictures to your contact claiming you are a thief and debtor. Zero confidential. Even with that,you will pay over 2k if you are an hour late. Very useless app with useless and wretched staff

Leave a Reply

Your email address will not be published. Required fields are marked *