The LendPlus loan app stands out as one of the best loan apps in Kenya, offering swift access to emergency funds by transferring them directly to your M-Pesa account within just 15 minutes of approval.
Its popularity is attributed to its easy and fast application process, requiring only a single document, thereby eliminating the typically lengthy and boring procedures.
Key Features on the LendPlus Loan App
–The Lendplus loan app offers loans ranging from Ksh 1,000 up to a maximum of Ksh 50,000.
-Lendplus offers a minimum repayment period of 61 days to a maximum of 365 days, including all possible extensions.
-The daily interest rate the Lendplus loan app charges is 2.2%, one of the most affordable loan apps in Kenya.
-Lendplus loans are approved within just 15 minutes.
-Lendplus loan applicants must be between 23 and 60 years old and must be employed or have a stable source of income.
-Applicant must be a Kenyan resident living in Kenya to qualify for the Lendplus loan.
-Only a national ID and a mobile phone are needed when applying for a loan on the Lendplus loan app.
-Timely repayments on the Lendplus loan app will enhance your rating, thereby increasing your loan limit and improving your credit history.
How to Apply for a LendPlus Mobile Loan
1. Download the LendPlus Loan App, which is available on Google Play Store for Android 5.0 and up, or on the LendPlus website for free.
2. Register by filling out the registration form with your personal details.
3. Enter the desired loan amount and submit your application.
4. Wait for approval. The application is reviewed in real-time, with instant approval if all criteria are met.
5. Upon approval, the loan amount is deposited directly into your M-Pesa account.
Read: The Top 10 Loan Apps With the Lowest Interest Rates in Kenya
You can repay your loan directly through the LendPlus app at any time and from any location. If payments are missed, Aventus, the owner of the LendPlus app, may apply late fees at a communicated rate. You can delete your Lendplus loan app account and personal information by contacting the LendPlus customer service center.