LetsheGo Loan is an online lending company that is new in the game of granting personal loan to Nigeria without document.
LetsGo App is a digital financial center that offers personal loans and retail financial services on one platform.
The loan application is available in Botswana. Services are also available online in Nigeria, Ghana, Tanzania, and other African countries. The online application is completely secure and allows users to access collateral-free loans.
This app, which is relatively new in the lending business, has received just over 50k downloads on Google Play store. It uses a loan program to collect information about potential customers, including phone records, bank transaction alerts, BVN, and BVN to help build credit scores for each borrower.
You will be able to get a loan, or higher amounts, if you keep accurate bank transaction messages and have no outstanding loans with other loan applications.
It’s easy to apply. Just download the app from Google Play store and provide some information about you. The algorithm will analyze your data, calculate your credit score, and offer you a loan within a few hours.
How to download APK and obtain a loan through LetsheGo app
- Install the LetsheGo Loan App only available on Google Playstore.
- Register with your phone number to create an account
- For verification, it is preferable that you use the phone number associated to your BVN.
- Please fill in your Kwow-your customer KYC information. This includes your residential address and next of kin details.
- Your Biometric verification number BVN will also be requested.
- To bind your ATM card with your account, you will be charged N30. This will increase your chances of getting a loan amount that is higher.
- To confirm your details, a one-time OTP password will be sent to you.
- After you submit your loan application, the software will evaluate your credit score. The final result will appear in the APP.
- You should see the result in less than 2 minutes. If you are eligible for a loan the amount will be transferred directly to your bank account.
- You will need to take clear selfies for identification.
Your BVN is tied to your credit score. If you have an outstanding loan from another lender or have not paid other lenders on time, your application will be denied.
This app allows you to access your phone contacts, SMS and other information that it uses to improve your credit score.
Is LetsheGo a legitimate loan app or a scam?
Yes, LetsheGo Loan App is legitimate and offers loans to customers. However, the interest rates are very high for first-time borrowers. Before you apply for a loan in Nigeria, make sure to read reviews from other customers.
These loan applications are not licensed or regulated by any Nigerian government agency or the CBN. They are responsible for your transactions and you cannot seek redress for bad customer service.
Its availability on Google Play store does not guarantee that transactions made on it are secure. You are responsible for your security when using loan apps in Nigeria through the play store.
What can the LetsheGo loan application do?
LetsheGo’s loan app has many coding mistakes. You might have paid off your loan before the due date but still see that your in-app dashboard is not cleared. In the event that this happens, keep your proofs of repayment handy to avoid late fees.
These coding mistakes can also cause problems in registration. Some customers complain that OTPs sent to their phones are late or cannot bind their ATM cards to accounts.
Most of these apps are loan sharks and may threaten to send you messages calling your family members a fraudster if you default on your payment. If you have other options, it is better to avoid these apps.
LetsheGo interest rate?
The loan term can be extended from 91 days up to 365.
The loan amount range is N5000-N500,000
The total interest range for loans is 2% to 244. Monthly interest ranges from 1% to 2.2%, and APR from 12% to 244.
What are the requirements?
- You must be a legal Resident or citizen of the country from which you are applying.
- At least 18 years of age
- A monthly income source.
- Attach your ATM card to the account
- Give details about two of your closest relatives, including their telephone numbers.
- You have a high credit score and no outstanding loans from any other lenders.
- Maintain an active bank account
- Your BVN must have your phone number.
- You must have a valid ID card issued by the government.
What happens if I fail to repay my loan on time?
Late loan repayments are subject to a 2% daily fee. Therefore, it is important to adhere to the due date. You will be able to get larger loans if you repay the loan on time. You will not be eligible to receive larger loans or any other loan products if you make late repayments. You will be reported to First Central Credit Bureau if you are late with your payments. The First Central Credit Bureau could blacklist you, which may impact your ability to borrow money from other lenders.
LetsheGo customer service number
If you have any feedback, questions or concerns, message us within the app or email: 31******[email protected]***0.com or call: +267/+234-555-555 (Botswana/Nigeria)
Nigeria: 09053911450, 08159393199
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