LendPlus is the perfect solution for those who need access to relatively high loan amounts in a hurry. It’s a user-friendly mobile loan application that allows you to apply for money quickly and conveniently, compared to other mobile loan apps in Kenya.
The app is available on Google PlayStore and can provide fast and immediate relief for your cash needs, whether for an emergency expense or some other pressing reason.
In this article, we’ll talk about the features of LendPlus, how to apply and what you need to know before applying.
LendPlus loan app download and Application: How it works
You can either apply for a loan directly from their website or download their app from the Google PlayStore (link provided above). To apply, you must provide personal information and your mobile phone number. The application process is easy and straightforward.
Once approved, you will receive the funds in your account within minutes or at least a few hours. You can also check the status of your loan application via SMS or email notifications.
With LendPlus, you can take advantage of some great benefits right away. One such benefit is:
- Interest-free loans on your first loan as long as you pay It off within 5 days – so you don’t need to pay extra when you borrow.
- Repayment flexibility allows you to choose the best way to repay.
- Ability to extend the loan period beyond its initial duration if needed.
- High initial loan amount.
- Quick approval and turnaround time.
- To top it all off, the loan application process with LendPlus is straightforward and doesn’t take too much of your precious time.
Although being the best loan app out there, LendPlus has some downsides, such as:
- High-interest rates of 2% per day.
- No early repayment discount or waiver
- Lack of 24/7 customer support.
These drawbacks should be considered before taking out a loan with them.
In my opinion, LendPlus is the best loan app considering its features and advantages. It’s quick, efficient, and easy to use, making it a great choice for those in need of quick cash. However, you should also keep in mind its downsides before applying
Make sure that you understand the terms and conditions of the loan agreement, so you don’t end up paying more than what you can afford. Ultimately, it’s up to you to decide whether this app is the right one for your needs. Do your research and weigh your options carefully before making a decision. Good luck!
Disclaimer: This article has been written to provide information only. It should not be taken as financial advice.
Also Read: 13 Best Loan Apps in Kenya