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Save daily towards rent and access rent loans
Lendocredit
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.
Lendocredit Product Overview
Is Lendocredit Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigeria renters
- Salary earners
What It Does Well
- Rent loans in-app
- Salary advance loans
Things to Check
- Loan amounts offered
- Repayment terms
About 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 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).
Lendocredit Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataOperates In
Official Links
What it does
Pricing & Fees
Variable pricingQuick Loan 25.5% flat (risk-based, charged upfront, max tenor 30 days); Salary Loan 12% flat/month + 1% management fee + 1% credit life insurance + 7.5% VAT on management fee; late penalty ~1%/day; loans up to ₦1,000,000
As of Oct 5, 2026, Lendocredit is rated 2.7 on the App Store from 128 reviews and 3.0 on Google Play from 213 reviews with 50K+ installs.
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Frequently Asked Questions About Lendocredit
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.
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.
Lendocredit operates in Nigeria.
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.
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.
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