Financial emergencies can arise at any time, leaving us struggling to make ends meet. That’s where Lucky Loan comes in – a loan platform designed to provide quick and easy loans to Nigerians in need. In this review, we’ll take an in-depth look at Lucky Loan, its interest rates, repayment schedules, the borrowing process, and how to download the app from third-party websites.
Introduction to Lucky Loan
Lucky Loan is a digital loan platform that offers quick and convenient loans to Nigerians. The platform is owned and operated by Lucky Financials Limited, a licensed financial institution regulated by the Central Bank of Nigeria (CBN). Lucky Loan provides loans ranging from N5,000 to N2,000,00 with flexible repayment terms.
Lucky Loan Interest Rate and Repayment Schedule
One of the most significant factors to consider when applying for a loan is the interest rate. Lucky Loan offers competitive interest rates that vary depending on the loan amount and repayment period. As of 6/2023, the interest rates range from 1% to 3% per month, with a maximum APR (Annual Percentage Rate) of 48%. The repayment schedules are flexible and can be customized based on the borrower’s preference. Borrowers can choose from repayment periods ranging from 30 days to 18 months.
How to Borrow from the Lucky Loan App
Applying for a loan through the Lucky Loan app is quick and easy. Here’s a step-by-step guide:
Step 1: Download the App
To download the Lucky Loan app, follow these steps:
- Go to your device’s app store (Google Play Store or Apple App Store)
- Search for “Lucky Loan” in the search bar
- Click on the “Install” or “Get” button to download the app
- Once the app is downloaded, open it and follow the on-screen instructions to create an account or log in if you already have an account.
Step 2: Apply for a Loan
After creating an account or logging in, follow these steps to apply for a loan:
- Click on the “Apply Now” button on the homepage or navigate to the “Loans” section of the app.
- Select the loan amount you need and choose your preferred repayment period.
- Provide your personal and employment details, including your BVN (Bank Verification Number), salary account details, and employment verification documents.
- Submit your application and wait for approval. The approval process takes between 15 minutes and 2 hours during business hours (Monday-Friday, 9 am-5 pm).
- If your application is approved, you’ll receive an SMS notification with your loan disbursement details. The funds will be credited to your bank account within 15 minutes of approval.
- Start repaying your loan according to your repayment schedule. You can make payments through the app or via bank transfer using your unique loan reference number.
- Once you complete your final repayment, you’ll receive a confirmation SMS and email from Lucky Loan congratulating you on completing your loan cycle successfully.
How to Download Lucky Loan APP APK from a Third-party Website
While downloading apps from official app stores like Google Play Store or Apple App Store is recommended for security reasons, some users prefer downloading APK files from third-party websites due to convenience or availability issues. Here’s how to download Lucky Loan APK from a third-party website:
Step 1: Search for “Lucky Loan APK” on Google or any search engine of your choice.
Step 2: Visit a reputable third-party website that offers APK files for download (e.g., APKMirror or Uptodown).
Step 3: Search for “Lucky Loan” on the website and select the latest version available (as of 6/2023, version 1.6).
Step 4: Click on the “Download” button next to the version you want to download. Step 5: Wait for the download process to complete (the time taken depends on your internet speed).
Step 6: Once the download is complete, navigate to your device’s settings > Security > Unknown Sources and enable installation of apps from unknown sources (if not already enabled).
Step 7: Locate the downloaded APK file in your device’s download folder or wherever you saved it during the downloading process and click on it to install it on your device.
Step 8: Follow the on-screen instructions provided during installation to complete the process successfully.
Step 9: Open the app and follow steps two through seven mentioned above in this review under the “How to Borrow from Lucky Loan App” section for applying for a loan through the Lucky Loan app using an APK file downloaded from a third-party website instead of official app store versions of Lucky Loan app installed directly onto the device via Google Play Store or Apple App Store respectively as described earlier in this review under “How to Download Lucky Loan APP” section above.”
1. What is Lucky Loan and how can I download their app?
Lucky Loan is a financial service provider that offers short-term loans to individuals who need quick access to cash. Their app, Lucky Loan App, allows customers to apply for loans, manage their accounts, and make payments from their smartphones or tablets.
To download the Lucky Loan App, follow these steps:
- Go to the Google Play Store or Apple App Store on your device.
- Search for “Lucky Loan App” in the search bar.
- Select the official Lucky Loan App from the search results.
- Click the “Install” or “Get” button to download and install the app on your device.
- Once the installation is complete, open the app and follow the on-screen instructions to create an account or log in if you already have an account with Lucky Loan.
2. What is Lucky Loan’s customer care number, and how can I contact them for assistance?
Lucky Loan has a dedicated customer care team that is available to assist customers with any queries or issues they may have. To contact them, you can use any of the following methods:
- Call their customer care number: You can call Lucky Loan’s customer care number at 07048970376 from Monday to Friday, 9:00 AM to 5:00 PM
- Send an email: You can send an email to Cs.email@example.com with your query or issue, and a customer care representative will get back to you within 24 hours (excluding weekends and holidays).
- Use their live chat service: You can visit their website at www.http://lucky-loan.com/ and click the “Live Chat” button on the bottom right corner of the page to connect with a customer care representative in real-time. This service is available from Monday to Friday, 9:00 AM to 5:00 PM EST.
Lucky Loan is an excellent option for Nigerians seeking quick and convenient loans with flexible repayment schedules and competitive interest rates. The application process is straightforward, and borrowers can access their loans within minutes of approval via their bank accounts or through mobile money platforms like Quickteller Wallet or Flutterwave Wallet (as long as they have linked their bank account details with these platforms). With its user-friendly app available for download via official app stores like Google Play Store or Apple App Store as well as third-party websites like APKMirror or Uptodown (if preferred), Lucky Loan makes borrowing easy and convenient for everyone!