Lapo Personal Loan: How to Get a Personal Loan from Lapo in Nigeria. Lapo Microfinance Bank is one of the leading microfinance banks in Nigeria, and it offers a variety of loans to individuals and businesses. One of its most popular loans is the Lapo Personal Loan.
This loan is available to anyone who meets the eligibility requirements, and it can be used for a variety of purposes, such as paying for tuition fees, starting a business, or covering unexpected expenses.
To get a Lapo Personal Loan, you must be a Nigerian resident and at least 18 years old. You must also have a regular source of income and be able to provide proof of identity and address.
The loan application process is simple and straightforward. You can apply online or at any Lapo branch. Once your application has been approved, you will receive the loan funds within a few days.
Lapo Personal Loans are typically repaid over a period of 12 to 24 months. The interest rate on the loan is competitive, and there are no hidden fees.
If you are looking for a personal loan in Nigeria, Lapo is a great option to consider. The application process is simple and straightforward, and the interest rates are competitive.
An Overview of Lapo Personal Loan
A personal loan is a specific amount of money you have access to borrow and use for numerous purposes. Basically, the Lapo personal loans product offers you access to instant credit of up to N500,000 for your personal use. You can use this money to take care of your personal needs or run your business. Also, this loan is collateral free and this makes it easily accessible to the underbanked population in Nigeria.
How can I apply for a Lapo personal loan?
To apply for a personal loan from this microfinance bank, follow these instructions:
1. Visit the nearest Lapo branch around you
2. Next, request for a personal loan application form
3. Lastly, fill out the application form given to you, attach the necessary documents to the completed form, and submit it.
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What documents do I need to apply for a Lapo personal loan?
The general requirements to apply for a personal loan from this financial institution are
1. Loan application letter.
2. 4 recent passports.
3. 2 guarantors.
4. Duly completed application form.
5. A valid means of ID
6. Current utility bill.
How much can Lapo borrow me?
Lapo can borrow customers up to N5,000,000 or more depending on the outcome of its customer assessment. Essentially, the higher your net worth and income source as an individual or customer, the higher the amount of loan they are willing to grant you.
How long does it take to process Lapo loan?
Lapo loan processing takes a minimum of 24 hours and could span up to 72 hours before approval. Higher loan amounts can take more days like up to a week before disbursement.
What is the code for Lapo USSD banking?
The USSD Banking code for Lapo is *371#. Basically, with this code, you get instant access to their services through your smartphone. Just dial *371# to access these services at your convenience.
Interesting Read: Top 10 Student Loan Apps in Nigeria (2023 Guide)
How can I contact Lapo?
Here are the numerous ways that you can contact Lapo microfinance bank:
Head Office Address: LAPO Place, 15A Ikorodu-Ososun Road, Lagos State.
Annex Office Address: 18, Dawson Road, Benin City, Edo State.
Phone Number: +(234) 813 984 0230
WhatsApp Number: 081 5055 3264
Email Address: [email protected]
Website: www.lapo-nigeria.org
Closing Thoughts
Lapo personal loans are available to the underbanked population in Nigeria. Also, they are collateral free, hence, you can access them with ease. In case you need to get a loan for business or any other personal use, be sure to visit the Lapo branch closest to you and apply for one.
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