Lairaplus loan app is a safe and reliable loan app that offers personal loans to eligible Nigerians.
If you need funds to meet your emergencies and needs but do not know how to go about getting the funds, do not bother yourself because the Lairaplus loan platform is at your rescue.
To learn more about this platform, we encourage you to read this article as we explain everything about Lairaplus carefully. Keep reading!
Overview Of Lairaplus
Lairaplus is a digital lending platform that provides financial aid to eligible applicants without collateral or property papers.
Again, you do not need to present a guarantor. With your smartphone and a few basic details, you will be issued your desired loan within a few minutes of approval.
Furthermore, the interest rate is low, and the repayment term is flexible. This enables the users to repay their loans without pressure or embarrassment comfortably.
So far, you are qualified to obtain a Lairaplus loan, and you can borrow up to NGN300,000.
How Does Lairaplus Work?
Lairaplus is unique in its way. However, you have to download the Lairaplus loan app on Google Play Store before you can apply for a loan.
You must provide proof that you can repay your loan at the stipulated time. This shows that Lairaplus works on integrity, creditworthiness, and faithfulness.
You can borrow between NGN5,000 and NGN300,000 within a few minutes: no embarrassment, long queues, and a flexible repayment plan.
The Lairaplus Loan App
The Lairaplus loan app is an application that makes the services of Lairaplus available to its users. By downloading the app, you can apply for your desired loan within the loan limit.
The Lairaplus loan app was released on July 1, 2022. This shows that Lairaplus is a new loan app. However, it has been doing amazingly well since it began operation.
The loan app has about 688 reviews on Google Play Store, over 100,000 downloads, and a 3.7-star rating. In addition, the loan app has a portable size of 6 MB and a user-friendly interface.
How To Download Lairaplus Loan App
To download the Lairaplus loan app, follow the steps below;
- Open your phone and launch your Google Play Store.
- Search for the Lairaplus loan app by typing “Lairaplus” in the search bar.
- Tap on “install” to download the loan app.
- Once the download is successful, you can now explore.
Eligibility Criteria For Obtaining A Lairaplus Loan
Lairaplus do not need collateral before they can issue loans to you, but then there are eligibility requirements that determine if you are qualified for the loan. Below are the primary requirements for a Lairaplus loan;
- Be a Nigerian and live in the country within the loan application and repayment period.
- It would be best if you were up to 18 years and also must not be more than 55 years.
- You need to have a registered and active phone number.
- A smartphone with a solid internet connection.
- An active bank account. Ensure that you have used the bank account for the past three months.
- Your NIN and BVN are also crucial documents.
- Have a good reputation and credit score.
- You must also have a reliable source of income.
How To Apply For A Lairaplus Loan
The process of getting a loan from Lairaplus is simple. In fact, there are only three steps to obtain a loan from Lairaplus. They are;
Step One
The first step to obtaining a Lairaplus loan is downloading the Lairaplus loan app from Google Play Store. You need just 6 MB to download the app.
Step Two
After downloading the Lairaplus loan app, the next step is to create a Lairaplus account. And this can be done by signing up with your basic information like phone number and name.
Step Three
The third step, which is the last, is to apply for a loan by following the guide on the screen. Please fill out the form and submit it once you are satisfied with your application.
Your bank account will be credited in a few minutes upon loan approval. You can visit your bank to withdraw the money.
How Much Can I Borrow From Lairaplus?
The credit limit on the Lairaplus loan is NGN300,000. This means you can borrow a minimum of NGN5,000 and a maximum of NGN300,000 without collateral.
Lairaplus Interest Rate
One of the benefits of a Lairaplus loan is its low-interest rate. The Annual Percentage Rate (APR) is about 16%.
For instance,
If the loan amount is ₦10,000, the loan term is 180 days, and the interest rate is 16%
-Total interest should be ₦10,000*16%= ₦1,600.
-Total repayment amount should be ₦10,000+ ₦10,000*16%= ₦11,600.
What Is Lairaplus Repayment Term?
The Lairaplus repayment term is flexible. Yes, you can choose when and how you want to repay your loan.
Basically, the repayment tenure of Lairaplus is between 91 days and 365 days.
How Can I Contact Lairaplus?
To reach out to the Lairaplus loan platform, you can do that through the following means;
Customer Service Email: support@lairaplus.co
WhatsApp: +234 8119402317
Company address: 87 Nosamu St, Ajengule 102103, Lagos, Nigeria.
Conclusion
Lairaplus loan app seems to be a legit loan app though it is a new app. We have explained everything you need to know about this app. How to apply for a Lairaplus and many more.
We believe that this article was helpful. If you have any questions about this loan platform, feel free to do that in the comments section.
