If you are looking for a quick and easy way to get a loan in Nigeria, you might want to check out Lumos Loan. Lumos Loan is a pure online credit loan platform that offers instant cash loans up to ₦350,000 without collateral or guarantor. In this article, we will tell you everything you need to know about Lumos Loan and how to apply for a loan in Nigeria.
What is Lumos Loan?
Lumos Loan is a product of Tinni Investments Private Limited, a Systemically Important Microcredit Company within the group companies carrying the Soft Naira brand. Lumos Loan is licensed and regulated by the Central Bank of Nigeria (CBN) and operates under the guidelines of the National Microfinance Policy Framework.
Lumos Loan aims to provide users with convenient and accessible loan services through its mobile app. Lumos Loan has mature and professional risk control capabilities and can quickly conduct an overall credit assessment for users based on their personal information, bank details, and credit history.
Lumos Loan offers loans ranging from ₦50,000 to ₦350,000 with a loan term of 91 days to 365 days. The daily interest rate is 0.0057% and the maximum annual interest rate (APR) is 20.55%. Lumos Loan does not charge any service fees or hidden charges.
How to Apply for a Lumos Loan?
Applying for a loan with Lumos Loan is very simple and fast. You just need to follow these steps:
1. Download the Lumos Loan app from Google Play Store or APKCombo and install it on your Android phone.
2. Create your account by providing your phone number, email address, name, date of birth, gender, and other personal details.
3. Verify your identity by uploading a clear photo of your face and your valid ID card (such as National ID card, Driver’s License, Voter’s Card, or International Passport).
4. Link your bank account by entering your bank name, account number, and BVN (Bank Verification Number).
5. Apply for a loan by choosing your desired loan amount and loan term. You will see the loan details such as interest rate, repayment amount, repayment date, and total cost.
6. Submit your loan application and wait for approval. Lumos Loan will review your application and conduct a credit check within minutes.
7. Receive your loan straight into your bank account once approved. You will also receive an SMS notification confirming your loan disbursement.
8. Repay your loan on or before the due date by using any of the available payment methods such as debit card, bank transfer, USSD code, or Quickteller.
9. Increase your loan limit every time you repay a loan on time. Lumos Loan will reward you with higher loan amounts and lower interest rates as you build your credit score.
Benefits of Lumos Loan
Lumos Loan offers several benefits to its users, such as:
– Instant cash loans up to ₦350,000 without collateral or guarantor
– Flexible repayment options from 91 days to 365 days
– Low interest rates from 0.0057% per day and 20.55% per year
– No service fees or hidden charges
– Fast and easy application process
– Secure and reliable platform
– Excellent customer service
Requirements of Lumos Loan
To use Lumos Loan, you need to meet the following requirements:
– You must be a Nigerian citizen
– You must be above 18 years old
– You must have a valid ID card
– You must have an active bank account
– You must have a regular source of income
Lumos Loan is a great option for anyone who needs a quick and easy loan in Nigeria. Lumos Loan offers instant cash loans up to ₦350,000 without collateral or guarantor at low interest rates and flexible repayment terms. You can apply for a loan with Lumos Loan using your smartphone in minutes and receive your money in your bank account within hours.
If you are interested in using Lumos Loan, you can download the app from Google Play Store or APKCombo and create your account today. You can also visit their website for more information or contact them via email at LumosLoan2022@outlook.com or phone at +234 09013395317.