Lucky Loan Review: How To Apply, Customer Care Number, App Apk Download

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Are you in need of urgent financial assistance? Wondering how to apply for a Lucky Loan effortlessly? Or perhaps curious about their customer care support and the option to download the app APK? Join us on a comprehensive journey as we explore the ins and outs of Lucky Loan. Discover the seamless application process, unlock the power of their customer care helpline, and unveil the secrets to secure the app APK download. Read on to navigate the world of Lucky Loan and seize the opportunity to meet your financial needs with ease.

Overview Of Lucky Loan

Lucky Loan is a mobile lending app that provides instant loans to users in Nigeria. The app is available on both Android and iOS devices.

To apply for a Lucky Loan, users must be at least 18 years old and have a valid Nigerian ID. They must also have a bank account in Nigeria and a smartphone with a working internet connection.

The application process for a Lucky Loan is quick and easy. Once users have downloaded the app and created an account, they can apply for a loan by providing their personal information, including their name, address, and employment status. They must also provide their bank account information and a copy of their ID.

If their application is approved, the funds will be deposited into their bank account within 24 hours.

Lucky Loan offers loans in amounts ranging from NGN5,000 to NGN50,000. The interest rates on Lucky Loans are relatively high, starting at 25% per annum. However, the app offers a number of features that make it a convenient option for borrowers, including:

  • Quick and easy application process: The application process for a Lucky Loan can be completed in minutes, and the funds are usually deposited into the borrower’s account within 24 hours.
  • Flexible repayment terms: Lucky Loans have repayment terms of up to 12 months, so borrowers can choose a repayment schedule that fits their budget.
  • Secured loans: Lucky Loans are secured against the borrower’s phone number, so if the borrower defaults on the loan, the lender can remotely disable the phone.

Lucky Loan is a convenient and affordable option for borrowers who need quick access to cash. However, it is important to be aware of the high interest rates before applying for a loan.

Here are some of the pros and cons of Lucky Loan:

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Pros:

  • Quick and easy application process: The application process for a Lucky Loan can be completed in minutes, and the funds are usually deposited into the borrower’s account within 24 hours.
  • Flexible repayment terms: Lucky Loans have repayment terms of up to 12 months, so borrowers can choose a repayment schedule that fits their budget.
  • Secured loans: Lucky Loans are secured against the borrower’s phone number, so if the borrower defaults on the loan, the lender can remotely disable the phone.

Cons:

  • High interest rates: The interest rates on Lucky Loans are relatively high, starting at 25% per annum.
  • Limited availability: Lucky Loan is only available in Nigeria.
  • Lack of transparency: The app does not disclose its full terms and conditions, so it can be difficult to know what you are signing up for.

Overall, Lucky Loan is a convenient and affordable option for borrowers who need quick access to cash. However, it is important to be aware of the high interest rates and limited availability before applying for a loan.

How To Apply For Lucky Loan

To apply for a Lucky Loan, follow these steps:

  • Download the App: Go to the Google Play Store (for Android) or the Apple App Store (for iOS) and search for “Lucky Loan.” Download and install the app on your smartphone.
  • Register or Log In: Open the Lucky Loan app and either sign up for a new account if you are a first-time user or log in if you already have an existing account.
  • Eligibility Check: The app will typically conduct a quick eligibility check to determine if you meet the necessary criteria for borrowing.
  • Loan Application: If you are eligible, proceed to the loan application section within the app.
  • Personal Information: Fill in your personal details, including your name, address, date of birth, and employment status.
  • Bank Account: Provide the required details of your Nigerian bank account where you want the loan funds to be deposited.
  • Identification: Upload a copy of your valid Nigerian ID (National ID, Driver’s License, or International Passport) for verification purposes.
  • Loan Amount: Select the desired loan amount you wish to borrow from the available options within the app.
  • Review Loan Terms: Carefully review the loan terms, including interest rates and repayment periods, before proceeding.
  • Accept Loan Offer: If you agree to the terms, accept the loan offer within the app.
  • Loan Approval: The app will process your application, and if approved, the funds will be disbursed into your linked bank account within 24 hours.

Remember to provide accurate information during the application process and carefully review the terms and conditions before accepting the loan offer.

Lucky Loan Customer Care Number 

Lucky Loan’s customer care number is 080 6939 0476. If you need any assistance, have inquiries, or encounter any issues related to your loan application or borrowing process, you can contact their customer care team using this number.

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Remember to use the official customer care number provided by Lucky Loan to ensure that you are reaching out to their authorized support team. Always be cautious when sharing personal information over the phone and verify the authenticity of the number from official sources, such as their app or website.

Lucky Loan App Apk Download

If the APK version of the app is what you wish to download, you will need to do so by searching for it on Google and downloading it from the available list provided to you from Google searches. 

FAQS

Is Lucky loan app legit?

Lucky Loan is a legitimate app that is regulated by the Central Bank of Nigeria (CBN). The app has been in operation since 2018 and has a good reputation. However, it is important to be aware of the high interest rates before applying for a loan.

Can loan app access my contacts if uninstalled?

Yes, loan apps can access your contacts even if they are uninstalled. This is because the app will have already stored your contacts on its servers. You can revoke the app’s access to your contacts by going to your phone’s settings and managing the app’s permissions.

How can I stop loan Apps from calling my contacts?

You can stop loan apps from calling your contacts by following these steps:

  1. Go to your phone’s settings.
  2. Tap on “Privacy”.
  3. Tap on “Contacts”.
  4. Tap on the app that you want to stop from calling your contacts.
  5. Toggle off the “Allow app to access contacts” setting.

Can loan app block my bank account?

Yes, loan apps can block your bank account if you default on your loan payments. This is because the app has your bank account information and can contact your bank to block your account.

Can my BVN be blocked by a loan company?

Yes, your BVN can be blocked by a loan company if you default on your loan payments. This is because your BVN is a unique identifier that is linked to your bank account. If your BVN is blocked, you will not be able to access your bank account or take out any new loans.

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Conclusion

In conclusion, Lucky Loan emerges as a reliable mobile lending app that offers instant loan solutions to users in Nigeria. With its availability on both Android and iOS devices, the app provides a seamless and user-friendly experience for borrowers seeking quick access to funds.

Applying for a Lucky Loan is straightforward, requiring users to meet certain eligibility criteria such as age, a valid Nigerian ID, a bank account in Nigeria, and a smartphone with an internet connection. The application process itself is swift, with borrowers providing essential personal and banking information along with a copy of their ID.

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