Question 1

What is Lendigo and how does it work?

Accepted Answer

Lendigo is a digital lending platform that provides fast, flexible business loans to small and medium-sized enterprises (SMEs) in Nigeria, such as distributors, e-commerce merchants, POS agents, and auto dealers. You apply online or via their mobile app in minutes, submit required documents like business registration and sales history, receive a loan offer within 24-48 hours if eligible, and get funds disbursed quickly with low interest rates and customizable repayment terms.

Question 2

How much does Lendigo cost?

Accepted Answer

Lendigo charges about 2%–5% monthly interest plus fees (around 0.5%–1%) depending on your business type and risk profile.

Question 3

What countries does Lendigo operate in?

Accepted Answer

Lendigo operates in Nigeria.

Question 4

How do I sign up for Lendigo?

Accepted Answer

Download their mobile app via the Google Play Store or visit their website to apply online in minutes. Provide business details like registration, turnover proof, and sales history; they will contact you within 24 hours to discuss next steps and documents.

Question 5

Does Lendigo have a mobile app?

Accepted Answer

Yes, Lendigo has a mobile app for applying for loans on Android.

Question 6

Who is Lendigo best suited for?

Accepted Answer

Lendigo is best suited for Nigerian SMEs like FMCG distributors, sub-distributors, e-commerce merchants on platforms such as Jumia or Konga, POS agents, and auto finance dealers needing working capital.

Question 7

How do I contact Lendigo support?

Accepted Answer

Contact Lendigo support through their mobile app, website application process, or by phone/email after applying; they reach out within 24 hours.

Question 8

Does Lendigo have a plan for teams or businesses?

Accepted Answer

Yes, Lendigo offers specialized financial options built specifically for businesses, primarily focusing on small and medium-sized enterprises (SMEs) in Nigeria.

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