Are you in need of quick cash? The LendNow loan app offers instant access to safe, easy-to-approve online loans, available 24/7. With flexible repayment plans and no collateral or guarantor required, LendNow is designed to meet your financial needs.
What is LendNow?
LendNow is a reliable loan app in Nigeria, providing a seamless experience for obtaining cash loans anytime you need. By evaluating risk, LendNow offers loan amounts tailored to your specific financial situation.
Key Features of LendNow
1. Loan Amounts: Access loans ranging from ₦3,000 to ₦300,000.
2. Loan Term: Flexible terms starting from 91 days.
3. Interest Rates: Competitive rates between 2.5% and 20%, with a maximum APR of 19% per year.
4. Service Fees: Enjoy no hidden service fees.
Loan Repayment Example
For a ₦10,000 loan borrowed for 99 days at an interest rate of 19% per year:
Interest Payable
– ₦10,000 * 19% * 99 / 365 = ₦515.34
– Total Repayment Amount:
– ₦10,000 + ₦515.34 = ₦10,515.34
Monthly Repayment:
– ₦10,515.34 / 99 * 30 = ₦3,186.47
Advantages of Using LendNow
1. Wide Range of Loan Options: Personal loans from ₦3,000 to ₦300,000.
2. Paperless Application: Complete the entire process online without paperwork.
3. 24/7 Availability: Access loans anytime.
4. Flexible Payment Options: Multiple methods for convenience.
5. Credit Score Improvement: Timely repayments can enhance your credit rating.
6. Repay Later Option: Pay part of your loan on the due date and extend the repayment term if needed.
Requirements to Apply for a LendNow Loan
-Age: Applicants must be between 18 and 65 years old.
– Bank Verification Number (BVN): Essential for identification.
– Valid Mobile Number: Required for communication regarding your loan.
How to Apply for a LendNow Loan
1. Download and Install: Get the LendNow app from the app store.
2. Register: Sign up using your phone number.
3. Fill Out Information: Provide basic details to check your eligibility.
4. Submit Your Application: Apply for an instant loan.
5. Receive Your Funds: Once approved, funds will be disbursed directly to your bank account.
Data Protection and Privacy
LendNow prioritizes your privacy. All customer information is securely protected and will never be shared with third parties without consent. Your data is only used for verification and eligibility assessment.
With LendNow, accessing quick and safe loans has never been easier. Download the app today and take control of your financial future!