Lucky Loan Review: How To Apply, Customer Care Number, App Apk Download
When you talk about the best platform to apply for a loan, the lucky loan is for you. Regardless of its popularity, Lucky Loan has been in existence for quite some time and has shown consistency in its way of handling business. Lucky loan app is very good because it takes care of your urgent needs every time. Many times customers tend to go for the big loan app because of their reputation. In this article, you will see reasons to use a loan application in its entirety. The article Lucky Loan Review: How To Apply, Customer Care Number, App Apk Download is where you’ll get the needed information.
How does Lucky Loan Work?
Here comes a loan platform that offers credit services to people all over the country. Lucky Loan is an app used to lend funds to people in Nigeria. The amazing thing about the application is that it can be downloaded by iOS and Android users around the country. The application process is very simple you must be at least 18 years of age. Also, you must have a bank account in Nigeria. Also, you must have a secure internet connection.
The application process is quick and very easy to use. Once users have downloaded the app, they can sign up for an account. They can get a loan by providing their details, account details, etc. The funds would be deposited into your account immediately after applying.
The beautiful thing about Lucky Loan is that you get a loan amount ranging from N5000 to N50,000. The interest rate on the loans ranges from 25% per annum. Also, the app offers several characteristics that maks it very convenient for users all over the country.
Features of Lucky Loan App
1. Secured Loans: Lucky loans are safe for the borrower’s mobile number, to this effect if the person borrowing the loan does not pay the loan, the loan can remotely disable the loan
2. Convenience: Lucky Loan has proven over time to be convenient for customers all around Nigeria. It also helps in quick access to loans in Nigeria. Also, it is very important to note that you need to be aware of the high-interest rate before applying for a loan.
3. Quick Application Process: The application process of this platform can be completed very quickly in fact in minutes. Additionally, the cash is deposited into the customer’s account quickly, as a matter of fact, it can be deposited within 1 das.
4. Flexible Repayment Plan: The repayment of the loan is very flexible. The plan can last for 1year when repaying the loan. You can carefully choose a repayment plan that fits into your budget.
Advantages
1. Easy Application: The application process for the quick loan amount can be completed in minutes. The cash is usually deposited into the borrower’s account in minutes.
2. Flexible Repayment Terms: The repayment of the loan is very flexible. The plan can last for 1year when repaying the loan. You can carefully choose a repayment plan that fits into your budget.
3. Secured Loans: Lucky loans are safe for the borrower’s mobile number, to this effect if the person borrowing the loan does not pay the loan, the loan can remotely disable the loan.
Disadvantage
1. High-interest rate: The interest rate of a lucky loan is very high. The loans usually start at 25% annually. This is calculated say, you borrow N2500, you would pay back 25% of N2500=N625. You would pay back 625 + N2500 = N3125.
Limited Availability: Lucky loans are only applicable to those in Nigeria.
Lack of Transparency: Lucky Loan does not fully disclose its full terms and conditions. This is very difficult to know some facts about the loan platform.
How to Apply for Lucky Loan
Step 1: Install the lucky loan application. You can download the app via Playstore if you use the Android platform. Also, for easy navigation, go to your Google Playstore app and search for “Lucky Loan”. When you finish searching, install the application on your mobile device.
Step 2: Register or Log in: Launch the Lucky Loan app on your mobile device. It’s either you sign up for a new account or log in as an old user. If you have an existing account you don’t need to put a new detail already
Step 3: Eligibility Check: Lucky Loan will quickly run an eligibility test for users to determine if they meet the criteria.
Step 4: Loan Application: Do well to proceed to the loan application stage in the app. When you do so, you are in line with step 4.
Step 5: Personal Information: Do well to input your personal information on the platform. Fill in your details such as Age, Name, and Employment status.
Step 6: Bank Account: Provide the required documents for your funds to be deposited in the account.
Step 7: Identification: Do well to upload a valid identity card. Either your National Identity, International Passport, or Driver’s License would be okay for the identification section.
Step 8: Loan Amount: Do well to choose the loan amount on the amount you wish to borrow from the application
Step 9: Review the loan term: Carefully review the loan amount including the interest rate and repayment plan.
Step 10: Loan Approval: The app would do well to process your application process. When it is approved, the amount will be deposited in your bank account in 1 day.
Lucky loan App Apk Download
You can do well to download the app from Google if you need to install the app from Google. When you search for ‘Lucky Loan’ on Google, you must try as much as possible to download the app from Google.
Lucky Loan Customer Care Phone and Whatsapp Number
Lucky Loan does well to assist customers who have been having issues with the app to reach them. You can reach them using the customer care line 08069390476 with any network of your choice.
FAQs
Is lucky loan app legitimate?
Lucky Loan is a finance app that is registered and controlled by the Central Bank of Nigeria (CBN). The platform has been in existence for 5 years, precisely since 2018, and has a good reputation in the country. However, it is pertinent to note that it has high-interest rates before applying for a loan.
Can loan app access my contacts if I uninstall the app?
Of course. Loan apps can gain access to your contacts even if they are not installed. This is because the platform will have already kept your contacts in its database. Also, you can revoke the application access to your contact information by navigating to your phone’s settings and managing the app’s permissions.
What is lucky loan?
Lucky Loan is a platform that provides fast, short-term installment financial credits. To know if a loan is good for you, you first need to consider the interest rates, repayment periods, and fees.
How do I download lucky loan app?
You can do well to download the app from Google if you need to install the app from Google. When you search for ‘Lucky Loan’ on Google, you must try as much as possible to download the app from Google.
What is the interest rate of Lucky Loan?
The interest rate of a loan is very high. The loans usually start at 25% annually. This is calculated say, you borrow N2500, you would pay back 25% of N2500=N625. You would pay back 625 + N2500 = N3125.
Conclusion
Lucky Loan is very quick in approving loan amounts in Nigeria. Although you have to meet some requirements, Lucky Loan is one for you. As a bachelor, spinster, or family member, you can leverage this opportunity. They have made life easier for individuals in the sense that they help organizations reach out to them. The customer care line in Nigeria is above. Do well to obtain a loan from Lucky Loan App and then tell us how it feels. Lest I forget, do not forget to read their terms and conditions before applying.
