Lendico is a lending app designed with the intention of making the lending process easy. The application grants you easy access to loans with just a few clicks.

No, Lendico is not a bank. We do not receive deposits from the general public nor do we offer savings or current accounts services.

Our app is easily accessible by direct download and also from the Apple App Store for download and you can get started in just a few minutes and most importantly, it is completely free.

Lendico is a service provided by Lendico Nigeria Ltd (RC1927521 ), a licensed and regulated company.

Complete our 100% online application and submit with the necessary documentation, this should take only a few minutes. Our team reviews the information provided and revert with a decision within 24 hours. If approved, you will receive funds directly into your preferred bank account within a few minutes of loan approval.

Applying for a loan is a very simple process on Lendico. Once you are logged into the App, navigate to the Loan section and fill in your personal and employment details for a loan request.

We operate a risk – based pricing model to determine repayment on loans

For your first loan request, you can borrow as much as N25,000. Your loan eligibility increases as we get to know you better.

We keep to our words, no collateral. All you need to make a loan request on Lendico are just:

• Your personal details.
• Your employment details.
• A functional bank account.
• A functional debit card (Mastercard / Visa).
• Valid Identification documents.

Your BVN is used to verify that the individual applying for a Lendico loan is the same as the owner of the provided bank account. This is to prevent unauthorized use of your details by a 3rd party. Kindly note that providing your BVN does not provide access to your account. If in doubt, you may decide to confirm from your bank.

A lending decision is made from your credit score as a borrower. Your credit score is based on the information that you provide to us. The more genuine this information is, the higher your chances of getting a loan.

We’re very sorry for declining your request. It only means we don’t have a loan product that matches your profile at the moment. We want you to check back with us soon.

Yes, the more you repay the higher the loan amount you are eligible for.

Notifications are usually sent via email immediately after your loan application is sent. If you have not received either of these, please contact us.

Please log in to your Lendico app to view all details concerning your loan.

You can repay your loan either manually or via the auto-debit service.

The auto-debit service makes loan repayment seamless. The service uses the debit card attached to your active loan to initiate a loan repayment for you. Auto-debit helps you stay true to your words and increase your credit score.

Lendico supports MasterCard and Visa cards for auto-debit as long as there are sufficient funds in the account, you don’t need to worry.

Sure! You can pay as soon as you can afford to repay, it doesn’t matter if the loan is not due yet.

We understand that financial circumstances can change, however, it is essential to note that we do not reschedule repayment dates and you should only take a Lendico loan if you are reasonably certain you have the means to repay within the agreed period. There may be fees associated with late repayments. In addition, defaulting loans are reported to national Credit Bureaus and this can severely affect your ability to access loans in future. We therefore advise you to make every effort to meet your obligations on time.

Kindly note that due dates are fixed when your loan is approved. We do not reschedule due dates, so kindly ensure appropriate planning to be able to meet repayments as at when due.

Yes, you can pay in installments to reduce your total outstanding loan.

Your BVN is strictly for identity verification to help us kick against identity theft and protect your funds and transactions.

Your security is our topmost priority. We warehouse your card details with a PCI-DSS compliant payment processor, Paystack for your security.

The easiest way to reach us is to “Chat Support” under the Settings section of the app. You can also send an email to support@lendico.ng or call +234(0)9060009285