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Loan

Lmoney

Lmoney

Are you wondering how you can get a loan up to N5 million and help your business grow? Well, LMoney could be the answer to your prayer.

In this post you will learn everything you need to know about LMoney: the requirements, how you can borrow with LMoney, how you can repay, the interest rate and other necessary information.

Lmoney

Requirements

LMoney is a financial institution which can lend you up to N2 million to help boost your business. But to stand a chance of benefiting from their loan, you will provide the following requirements:

  • You will provide a valid employment letter or confirmation letter from your employer.
  • You will provide a 6 months statement of account from your bank.
  • Your staff ID card.
  • Another valid means of identification (e.g.: Driver’s License, International Passport, Tax ID, Voter’s Card etc).
  • A clear picture of yourself.

How to apply

To apply for loan via LMoney, simply login to their website at www.lmoney.com.ng

  • Fill in your valid information in the online application form and submit.
  • You can also call the customer care number below to help you through the application.

Interest Rate

The interest rate for LMoney is approximately 0.54% per annum. That is to say that if your borrow N50, 000 you will have repaid 72,000 after a year.

Other Popular Banks That Gives Loans In Nigeria:

 

Repayment

You can spread your LMoney repayment along a period of 12 month maximum. Every month, you will be required to pay on installment basis a certain calculated amount.

(This calculation is done during your application process).

You are not required to repay a lump of the total repayment amount once.

A client-manager will also put you through how you will repay after your application is successful.

Pros & Cons

ProsCons
  • No collateral nor guarantor is required.
  • Maximum tenor of 12 months.
  • They’ve low interest rate.
  • There’s no extension on the scheduled date of payment.
  • You will face the law if you do not pay as agreed.

Mobile App

N/A

Customer Care

+234 7083453505+ and/or 2349081712843


Official Websitewww.lmoney.com.ng
Contact Number+234 7083453505+ and 2349081712843

Branches & Head Office

43 Church Gate Street,
Victoria Island,
Lagos, Nigeria

Here are some other Banks that offer loans in Nigeria: Palmcredit Loan Nigeria,Union Bank Loan,Renmoney Loan