Loan Mate


Loan Mate is a trusted Nigerian lending app offering quick and convenient loans. Users can access high-limit loans in seconds, with a user-friendly interface and responsible lending principles. Protecting user privacy is a top priority.
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Loan Mate – A modern and reliable lending app in Nigeria. Have you ever thought about accessing a loan that’s easy, safe, and flexible? That’s exactly what Loan Mate offers to you and many other users. When you borrow from Loan Mate, you’ll receive a high credit limit loan in just seconds, anytime, anywhere. The app not only provides convenient loan services but also promotes responsible borrowing and repayment. Experience the convenience and safety of the Loan Mate App today and turn your financial dreams into reality.

Contact Information and Support

Below is the contact information for the Loan Mate app, including:

  • Website:
  • Email: [email protected]
  • Office Address: Ojuelegba Street, Yaba 101241, Lagos, Nigeria.

If you have any questions or concerns, please reach out to them through the provided contact channels for further assistance and more detailed information about the Loan Mate app.

Pros and Cons of Loan Mate App


  • Easy and quick online loan application through the app.
  • 0% interest rate for first-time borrowers.
  • The app is entirely service fee-free, with no hidden charges, and is 100% free.
  • Increased borrowing limit for customers with good credit and referrals.
  • Protects user privacy and does not engage in unlawful data usage.
  • Loan Mate is reputable and known for its high-quality service, receiving positive reviews from many customers.


  • Limited loan term options for customers.
  • The app is tailored for employed customers only.
  • The maximum loan limit is relatively low, and the interest rates on the app are higher compared to traditional banks.

Detailed Loan Product Information

Here are some important details about loan products on Loan Mate:

  • Loan amounts range from 8,000 NGN to 600,000 NGN through the app.
  • Loan terms can extend from 91 to 180 days.
  • The maximum annual interest rate is 36%, which is equivalent to 0.08% per day.
  • Borrowers must be between the ages of 18 and 60 and Nigerian citizens.
  • The application process is simple and requires only government-issued identification for identity verification.

Example: If you borrow ₦30,000 with a repayment period of 120 days, the total interest to be paid is ₦2,880, and the total repayment amount, including the principal and interest, is ₦32,880.

Reminders and Responsible Lending Principles

Reminders and responsible lending principles are crucial to ensure that the borrowing process with Loan Mate and the management of personal finances are sustainable and do not pose difficulties for you. Below are some important reminders and principles:

  • Do not borrow money for non-essential purposes or beyond your financial capability.
  • Adhere to repayment deadlines to avoid penalties and protect your personal credit.
  • Read and fully understand the terms, interest rates, and fees associated with the loan.
  • Explore available options and compare them to choose the one that suits your needs.
  • Create a repayment schedule to manage your personal finances effectively.
  • Repay debts on time and maintain a positive credit history for a higher credit score and lower interest rates in the future.

Privacy and Rights at Loan Mate

  • The app requires permission to access data on your phone to verify your identity and establish a credit score.
  • The data you share with the app is encrypted to protect your privacy.
  • There is a commitment not to share your information with third parties.

How to Apply for a Loan with Loan Mate

Here is a step-by-step guide on how to apply for a loan with Loan Mate:

Step 1: Download Loan Mate App

First, download the Loan Mate APK/IOS app from to your mobile phone. Alternatively, you can also download it from the Google Play Store or the App Store.

Step 2: Create an Account

  • After downloading, open the Loan Mate app and choose to create a new account.
  • Fill in your personal information, including your name, mobile phone number, email address, and password. Ensure that you provide accurate and correct information.

Step 3: Verify Your Account

Once you’ve entered your personal information, you’ll need to verify your account. This may involve providing additional information or documents to confirm your identity.

Step 4: Fill in Loan Details

Once your account is verified, you can begin the loan application process. Fill in the loan amount you wish to borrow and the desired loan term.

Step 5: Review and Confirm

Before submitting your loan application, review your information to ensure its accuracy. This includes the loan amount, term, and the loan’s terms and conditions.

Step 6: Accept Terms and Conditions

After reviewing and confirming your information, you’ll need to accept Loan Mate’s terms and conditions. Make sure to read them carefully before agreeing.

Step 7: Submit Your Loan Application and Receive Funds

  • Finally, after you’ve reviewed, confirmed, and accepted, you can submit your loan application.
  • Your application will be reviewed by Loan Mate, and once approved, the funds will be directly transferred to your bank account.

Note: The process may vary or require additional steps based on Loan Mate’s specific requirements, so be sure to regularly check the app or contact them through provided communication channels for updates and further assistance.


Loan Mate is a lending app in Nigeria that offers convenience and speed in borrowing money through your mobile phone. The app provides attractive loans with reasonable interest rates and flexible terms. Loan Mate App also prioritizes user privacy and is committed to protecting personal information. However, users should adhere to responsible lending principles to avoid financial difficulties and maintain a positive credit history.

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