Giving financial services to those who don’t have access to them from traditional financial institutions, such as banks, is known as microfinance lending. In essence, a microfinance lending company such as Lapo provides loans to those who were previously deemed unbankable by conventional banking establishments. Continue reading to find out how to apply for a Lapo personal loan quickly.
What Is Personal Loan?
A personal loan is a set amount of money that you can borrow and utilize for a variety of needs. In essence, you can get fast access to credit of up to N500,000 for personal usage with the Lapo personal loans program. You can manage your business or meet your personal expenses with this money. Furthermore, this loan requires no collateral, which makes it easily available to Nigeria’s underbanked populace.
How Do I Apply For A Personal Loan From Lapo?
Use these guidelines below to apply for a personal loan from this microfinance bank:
- Go to the closest Lapo location in your area.
- Next, make a request for an application for a personal loan.
- Lastly, finish the application that you were provided, attach the required paperwork, and send it in.
Documents Required Lapo Loan Application
To apply for a personal loan from this financial organization, you must meet the following general requirements:
- Loan application letter.
- 4 passport photographs.
- 2 guarantors.
- Filled application form.
- A valid means of Identification
- Current utility bill (electricity or water bill)
Lapo Loan Minimum Amount
Depending on how its client assessment turns out, Lapo can lend its consumers up to N5,000,000 or more. Basically, the more money they are ready to lend you, the larger your net worth and source of income are, either as an individual or as a customer.
Lapo Loan Tenor
Before being approved, Lapo loan processing might take up to 72 hours, with a minimum of 24 hours required. Greater loan amounts may require longer time to process—up to one week—before being disbursed.
Lapo USSD banking Code
Lapo USSD banking Code *371#. Basically, you can use your smartphone to access their services instantly with this code. To use these services whenever it is convenient for you, simply dial *371#..
Lapo Contact Address
Phone Number: +(234) 813 984 0230
WhatsApp Number: 081 5055 3264
Email Address: info@lapo-nigeria.org
Website: www.lapo-nigeria.org
Conclusion
Lapo personal loans are accessible to Nigeria’s underbanked populace. Additionally, they don’t require collateral, thus accessing them is simple. Make sure to apply for a loan at the Lapo branch that is closest to you if you require one for personal or business purposes.
