LendMax is a digital lending platform that provides Nigerians with quick access to cash loans. This Android application is a solution for individuals needing fast financial support.
Credits and rates
This platform provides a range of loan amounts from 1000 up to 500 000 Naira. The credit terms vary from 91 days to 180 days. Borrowers may choose a repayment period that best fits their financial situation.
The annual interest rates range between 12% and 33%, depending on the loan amount and term. The app offers transparent calculations to help users understand exactly what they owe, similar to Alend Loan.
Registration and approval
To get a loan through LenbMax, you need to sign up by verifying your phone number. It is important to enter your personal details. Please note that the utility collects necessary information to assess your eligibility.
Applicants have to be legal residents of Nigeria, at least 18 years old, and possess a valid mobile phone number along with a bank account or mobile wallet. This ensures that the lending process is compliant with local regulations.
Once completed, the application is sent for review. Approved loans are disbursed directly to the borrower’s bank account or mobile wallet. The platform offers dedicated customer support via email and operates during regular business hours.
Features
- is primarily intended for legal residents of Nigeria, at least 18 years old;
- you can choose the loan amount and repayment period;
- it is necessary to verify your identity;
- the app is free to download and use;
- compatible with current Android versions.
