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 is available on iOS and Android. You can download Lendocredit on the App Store for iPhone, or get it on Google Play for Android.

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.

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.

Use it on:Web Android· 3.5 iOS· 2.8

Is Lendocredit right for you?

Best for

Nigerian salary earners
Rent advance seekers
Small business owners
SME working capital
Mobile-first borrowers

What it does well

Rent loans in-app
Salary advance loans
SME business loans
Savings and investments
Mobile loan access

Things to check

Loan amounts available
Repayment terms
Eligibility requirements
Savings withdrawal rules
App-only access

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 Web (information and loan application) and via mobile apps on Android and iOS.

Target users include consumers seeking rent support or salary advances, and Nigerian SMEs looking for working capital.

What makes it notable in its market is its focus on collateral-free lending with AI-powered credit scoring (using behavioral, transaction, and alternative data) and a mobile-first onboarding flow aligned with Nigerian identity verification requirements (BVN).

As of Jun 29, 2026, Lendocredit is rated 2.8 on the App Store from 117 reviews and 3.5 on Google Play from 199 reviews with 10K+ installs.

Social Links:

Categories:

Fintech

Features & Business Model:

ai-powered b2b2c investments lending savings