LendPlus – A reputable lending and credit application in Kenya, offering flexible and convenient financial solutions. The registration process is simple, making it easy for users to apply and receive an M-Pesa loan instantly. Individuals aged 18 and above with a mobile phone and a mobile wallet are all that is needed to experience the convenience.
Furthermore, the app offers competitive interest rates and ensures absolute information security, as LendPlus App is committed to protecting your privacy. Download the app now to experience quick and secure loan services today.
Contact information and customer support
You can reach out and receive support from LendPlus through the following information:
- Email: [email protected]
- Facebook Page: https://www.facebook.com/lendplus
- Instagram Page: https://www.instagram.com/lendplus
- Phone Number: 0709 029000
- Website: https://lendplus.ke/
- Main Office Address: Rhapta Heights, 1st Rhapta Road, Nairobi, Kenya.
For more detailed information or assistance, please directly contact LendPlus via email, phone number, or follow them on social media platforms.
Detailed information about LendPlus App’s loan product
Below is detailed information about LendPlus’s loan product:
- Loan amount: From 500 KSH to 40,000 KSH.
- Minimum loan term: 61 days, including extensions.
- Maximum loan term: 365 days, also including extensions.
- Maximum annual interest rate (APR): 803%, excluding shares.
- Example of maximum interest calculation: For instance, with a loan of 10,000 KSH for 61 days at an interest rate of less than 2.2% per day, the total borrowing cost would be 23,420 KSH.
LendPlus provides flexible terms for borrowers based on the loan amount, offering suitable repayment options.
Pros and cons assessment of LendPlus
Pros
- 100% online loan processing, no need for face-to-face meetings, and no collateral required.
- Simply download the app to your phone and apply for a loan online.
- Modern application with user-friendly operations, accessible to all customer groups.
- Additionally, the application is compatible with various platforms such as Android and IOS.
- Absolute customer information security, no use of customer information for trading or any other purposes. Customers fully trust and use the services here.
- All terms and policies are publicly transparent, committed to the regulations of the Kenyan state law.
- Flexible loan interest rates and limits, providing the most convenient conditions for customers during the borrowing and repayment process in the future.
- Professional customer service, all customer issues are resolved quickly, and customers can contact at any time.
Cons
- The loan limit at LendPlus is still low compared to many customer needs.
- High interest rates compared to bank rates. The application is regularly updated and upgraded, resulting in customers being unable to access it.
The process of applying for a loan at LendPlus
Eligibility criteria
To apply for a loan through the LendPlus app, users need to meet the following requirements:
- Be at least 18 years old and a citizen of Kenya.
- Engaged in business or self-employment with a stable income.
- Own a mobile phone with a mobile wallet.
- Need to have a national ID card or other personal documents for identity verification.
Steps to apply for a loan
Below, we will guide you through the detailed process of applying for a loan online at LendPlus, simply follow the steps to ensure success, as follows:
Step 1: Download and install the LendPlus APK/IOS at cashloanapp.net
Step 2: Open the app and create an account by entering the necessary information, including:
- Phone number, national ID number, bank account
- Username, password, full name, date of birth, address, email
- Monthly income, loan purpose.
Step 3: After entering all the information, press the “Register” button to complete the registration process.
Step 4: Wait for LendPlus to confirm your registration information. Typically, the confirmation time does not exceed 30 minutes.
Step 5: Once your registration is confirmed, you can proceed to borrow by selecting a loan that suits your needs. Then, you need to provide additional necessary information to assess your repayment ability. Step 6: If the loan is approved, you will receive a notification, and the loan amount will be disbursed to your bank account.
Note: Before borrowing, you should carefully consider and calculate to ensure your repayment capability and avoid any unwanted additional fees.
Some notes when borrowing money online at LendPlus
- Thoroughly research the company before borrowing to avoid risks.
- Confirm employee information through the customer service hotline.
- Consider an appropriate loan amount and your repayment ability.
- Carefully read the terms and conditions before borrowing.
- Only borrow from the official website or app of LendPlus.
- Understand how interest is calculated to avoid unnecessary financial losses.
Conclusion
LendPlus is a secure lending application in Kenya, providing fast and convenient online loan services through M-Pesa. The app features easy registration criteria and secure payment methods, with LendPlus committed to protecting users’ privacy. Additionally, with flexible services and clear information on interest rates, LendPlus App is a reliable choice for those in need of funds for urgent needs.
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