Microfinance lending simply means providing financial services for individuals who don’t have access to financial services from conventional financial institutions, like banks. Basically, a microfinance lending institution like Lapo offers loans to people who were formerly considered unbankable by traditional banking institutions. Read further to learn how to access a Lapo personal loan in a few steps.
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.
Get a loan up to N100,000 at the best affordable rates in Nigeria
Did you know that you can now you can compare interest rates from different lenders with our loan simulator and get the best deal? Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today
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.
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: 8 Smart Ways To Use A Personal Loan
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.
You can obtain a comprehensive loan, tailored to your specific needs by using this platform. Basically, it allows you to compare loans from different lenders across Africa, ensuring the best option doesn’t slip through
