What is Lendocredit and how does it work?

Lendocredit is a digital lending platform that provides instant loans, salary advances, SME loans, rent loans, and savings/investment options without requiring collateral. Users download the mobile app, create an account with phone verification, provide identity details and BVN for verification, then access personalized loan offers, apply digitally, and receive funds quickly into their bank accounts.

How much does Lendocredit cost?

Loans have APRs from 30% to 260% per annum, with examples like 36% APR on a ₦10,000 loan over 361 days resulting in ₦3,600 interest and ₦13,600 total repayment. Other fees may include 12% monthly interest, 1% management fee, 1% credit life insurance, and 7.5% VAT on the management fee. Savings earn competitive interest rates, up to 20% annually.

What countries does Lendocredit operate in?

Lendocredit operates in Nigeria.

How do I sign up for Lendocredit?

Download the Lendocredit app from the App Store or Google Play, create an account with your details, username, and password, verify your phone with OTP, then provide identity details and BVN to set up your account.

Does Lendocredit have a mobile app?

Yes, Lendocredit has a mobile app available on iOS (App Store) and Android (Google Play).

Who is Lendocredit best suited for?

Lendocredit is best suited for salary earners, business owners, self-employed professionals, contract staff, freelancers, and entrepreneurs in Nigeria needing quick personal loans, salary advances, SME funding, or rent loans.

How do I contact Lendocredit support?

Contact Lendocredit support via WhatsApp, phone, or email through the mobile app.

Does Lendocredit have a plan for teams or businesses?

Yes, Lendocredit offers SME loans for businesses.

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Lendocredit: Reviews & Alternatives (2026) – Liners

Lendocredit

🇳🇬 Nigeria

A digital lending platform for individuals and Nigerian SMEs to access rent, salary advance, and business loans, plus savings and investment options via mobile app.

Available on:WebAndroidiOS

Visit Lendocredit

Lendocredit is a digital lending and savings platform for individuals and SMEs who need quick access to rent loans, salary advance loans, business loans, and savings options.

Key capabilities include:

Rent and personal loans for covering rent and personal expenses, with a repayment calculator and listed rent-loan amounts up to ₦1,000,000.
Salary advance loans designed to bridge short-term cash gaps for planned or unplanned expenses.
SME loans aimed at supporting small business cash-flow needs and growth.
Savings and investment options that include automatic savings, group savings, and access to high-yield projects, plus an in-app calculator for rent savings.

Account setup in the app includes phone number OTP verification, plus BVN and identity details for verification.

Available on (information and loan application) and via mobile apps on and .