Lendplus is a reliable lending platform that gives instant loans to people. Kenyans can apply for their loans either through their app or website.
LendPlus was launched by the Aventus Group in 2020 and has been operating since then.
In this article, we will explore the application process, the loan amounts, and other facts.
Is LendPlus Legit?
Yes, Lendplus is a legitimate loan app for the following reasons ;
- They have a valid registered license to operate in Kenya as a financial service provider.
- They adhere to regulatory guidelines set by the financial authorities while offering credit services to eligible borrowers.
- They ensure the safety, privacy, and security of their users’ financial information.
- LendPlus has good reviews on the Google Play Store. The app has a 4.1-star rating with over 500k downloads showing that the app is well-received by its users.
How to Apply for a Loan on LendPlus
To apply for credit with the Lendplus loan platform, follow these simple steps:
- Visit the Lendplus website and fill out a simple application form or leave a loan request on the app.
- Provide your National ID.
- Upload your employment details.
- Submit your application
- If your application is approved, the funds are disbursed into your account.
How Much Can You Get From the LendPlus Loan App?
Eligible borrowers can typically access loans starting from 500 KES up to 40,000 KES. Also, depending on their eligibility, repayment capacity, and high credit score, their limits can be increased allowing them to even borrow higher amounts.
What are the Eligibility Criteria For Applying For a Lendplus Loan?
To be eligible for a LendPlus loan,
- You must be a Kenyan
- Possess a valid ID or Passport
- Be aged between 23 and 62 years old.
- You should be currently employed or have a stable source of income to repay the loan.
What is the Interest Rate for the Loan?
The interest rate for LendPlus loans per day is 2.2%. This rate is subject to change and the current rate for each day is checked on their website.
How to Repay Lendplus Loan?
Repaying a LendPlus loan is just as simple, follow the steps below:
- Launching your app and repaying while on the app
- Or via direct bank transfer, M-Pesa, or your Visa card.
What is the Repayment Duration for LendPlus?
The repayment duration for LendPlus loans varies from one borrower to another. It depends on the type of loan and the amount you applied for.
While applying for a loan, it is important to review the terms and duration carefully before accepting it. Once your loan is approved, the repayment terms, the loan duration, and interest rates, will be communicated to you.
How Quickly can I Receive Funds After my Loan is Approved By Lendplus?
Lendplus loan decision typically takes 5 to 15 minutes. Once your loan is approved, the money will be deposited into your account within a business day.
How to Contact Lendplus
Their contact details include;
Phone number: 0709-029-000
Office address: 00100, Rhapta Road, Rhapta Heights, Nairobi, Kenya
Email address: email@example.com.
In conclusion, LendPlus is a safe, quick, and reliable loan app in Kenya. They provide instant loans to eligible individuals.
Its legitimacy, quick application process, and flexible loan amounts make it a valuable platform for those in need of financial support.