Alend Loan is an Android application designed to provide fast loans for Nigerian users. This platform offers a completely online process, so there is no need for traditional bank visits and paperwork.
Plans and rates
The app promises instant cash, flexible repayment plans, and transparent interest rates. It offers a range of loan amounts to suit your specific requirements. You can choose a repayment plan that aligns with your income cycle, ranging from 61 days to 12 months.
Clear information about interest rates and fees is provided, similar to SilkLoan. The annual percentage rate ranges from 24% to 260% per annum. There are no hidden charges as well. Alend eliminates the need for collateral, so this service is accessible to a broader range of individuals.
Registration
To complete the online registration process, you need to provide the necessary personal and financial information. It is necessary to verify your Bank Verification Number or BVN. This helps Alend assess your creditworthiness and expedite the approval process. To be eligible for a loan, you have to meet the following criteria:
- be a resident of Nigeria;
- be between 18 and 60 years old;
- possess valid identification documents and proof of income.
Please note that the entire application process is honline. This platform offers a quick approval without essential delays.
Features
- provide fast online loans for Nigerian users;
- it is possible to choose repayment plans and amounts;
- information about interest rates and fees is provided;
- it is necessary to verify your BVN and provide some personal details;
- the app is free to download and use;
- compatible with current Android versions.
