What is Lucred and how does it work?

Lucred is a digital lending platform that provides a revolving credit line up to ₦500,000 for shopping at over 1000 merchants, functioning as a buy now pay later service. You download the app, sign up, apply for a credit limit, get approved in minutes, shop at partner stores online or in-person via QR code, and repay flexibly with low daily interest using an APR model.

How much does Lucred cost?

Lucred features low interest rates between 3% and 5%, with daily interest as low as ₦17 to ₦20. There are no late fees or hidden fees.

How do I sign up for Lucred?

Download the Lucred app, sign up, provide required details to apply for a credit limit, and get approved in 5 minutes.

Does Lucred have a mobile app?

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

Who is Lucred best suited for?

Lucred is best suited for individuals seeking flexible credit for shopping essentials at partner merchants.

How do I contact Lucred support?

Contact Lucred support by calling +2347025457747 or using the inquiry form on their website.

Does Lucred have a plan for teams or businesses?

Lucred offers business-oriented plans where companies can provide credit cards and salary advances to staff with HR system integration for onboarding.

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Lucred

🇳🇬 Nigeria

A digital credit platform for Nigerians to get up to ₦500,000 in revolving credit, spend at 1000+ vetted merchants, and repay over time with daily APR interest.

Available on:Android iOS

Visit Lucred

Lucred is a digital credit platform for individuals in Nigeria who want a flexible revolving credit line to pay for purchases online or in-store and repay over time.

Key capabilities include:

Revolving credit lines up to ₦500,000 that can be used across 1000+ vetted merchants, including in-store purchases and third-party websites
Fast application and approvals that analyze user data to provide decisions in minutes, without lengthy paperwork
APR-based repayment with daily interest calculation, allowing users to settle dues anytime; the platform also rewards timely repayment with cash back and points
Planning tools such as an interest calculator and budget calculator to help customers estimate costs and manage spending

Available on Android, and iOS.

It targets B2C consumers seeking personal shopping credit and that want to offer buy-now-pay-later at checkout.