Lendcash Loan App Review – get revolving loan in Nigeria

LendCash is a Nigerian personal loan app that offers you loans up to N400000 with no long queues, no long wait times, and no collateral or guarantors needed. You can run the whole process from start to finish just on your smartphone, and get a loan disbursed to your bank account in less than 5 minutes.

LendCash loans use AI to analyze your credit score, which enables it to guarantee a 24-hour loan disbursement service to customers.

Short-term online loans can be handy during emergencies, but they should not be relied upon to fund one’s lifestyle as they can be very expensive with high-interest rates.

How to apply for a loan from LendCash?

Getting an LendCash loan can be done easily online by:

  • Download and install the Lendcash mobile app from the Google play store or Apple store if you’re on iOS.
  • Share some information about yourself, including your employment, ID card, BVN number etc
  • Verify the information you have provided
  • Get money in your bank account once you’re approved. The whole process should not take more than 10 minutes.
Lendcash verification

interest rate

Expect The interest rate offered on your loan to be between 2.7-30% monthly, with Processing fee of between 0-2% as advertised.
LendCash Example Calculation:
Loan amount: ₦50,000
Tenor: 3 months
Interest rate: 6%
Processing fee: 2% x ₦50,000 = ₦1,000 (For FastCash users processing fees is 0%)
Credit amount: ₦50,000 – ₦1,000 = ₦4,9000
Interest Repayment: 6% x ₦50000 = ₦3000
Capital Repayment: ₦50000/ 3 months = ₦8333.33
Monthly Repayment: ₦8,333.33 + ₦3000 = ₦11,333.33
Total Repayment: ₦11,333.33 x 3 months = ₦67,999.98

Note: expect both your loan amount and loan tenure to be significantly lower as individual interest rate, loan amount and loan tenure are calculated based on the applicant’s credit score and credit worthiness. Keep a good credit score and repay your loan on time to qualify for higher amounts. See why loan apps limit funds for first time borrowers and how to increase your loan limits.

Advantages of LendCash loans

  1. Loan amount of up to ₦400,000
  2. 5 minutes online loan approval
  3. Loan without collateral. Free registration. Calculation of loan limit is free
  4. Revolving line of credit
  5. Easy loan in three steps

Get revolving credit limit

Revolving credit means LendCash will borrow you a higher amount Everytime you repay your previous loans. You just have to pay back your loans on time to qualify

Is LendCash legit or a scam?

LendCash loan is legit. A lot of customers have testified to receiving a loan from them. Read other customer’s reviews on Google Play. However, this app will call your contacts and embarrass you if you default on your loan. LendCash needs permission to access your camera, location, storage, and phone contact list. The requested content is meant to provide KYC information (part of which is needed to determine your creditworthiness), due to a lack of a centralized address verification database in Nigeria.

What will happen if I default on my LendCash loan?

Late loan repayments automatically incur a fee of 2% per day. It is therefore advised that one does not exceed the due date. Repay the loan by its due date allows you to access larger loan sizes. Late repayments will affect your ability to get subsequent or larger loans. If you are very late on your payments, they report to the First Central Credit Bureau. Blacklisting by the First Central Credit Bureau may affect your ability to borrow from other lenders.

loan eligibility

  • The loan is exclusively for Nigerian citizens or legal Nigerian Residents.
  • You should be aged between 20-60 years old.
  • You should have a verifiable Monthly income source.

LendCash customer care number

If you have the need to contact customer care service call:
[email protected]


A writer! Columnist and an academic researcher


  1. Lend cash is a scam. I applied for 7500 loan & 4875 was disbursed to my account I have sent message to them severally without reply from them.

    1. The probably processed the balance as interests. Keep trying to reach them, and at least they will reach out to you when it’s time to collect their loan

  2. I applied for loan and got alert from my bank but when I checked my balance there was money in the account.

    1. Lend cash return my 8235 I will not forgive if you don’t return it since 20th I mistakenly sent it twice since den you ppl refuse to return my money

  3. I applied for the loan of 30,000 loan and 4,875.00 was disbursed to my account and i was asked to pay 7,875.00 within 7 days. I try to reach out to them but could not.

  4. this people are nothing but scam, they are very insultive, they dnt regard with manners……..their customer service is zero very abusive with words…..i applied for a loan of 8k and 5000 was disbursed in my account. and theyre now telling me to repay 8,360 naira. bloody theives

  5. Return my money mr Sunday akijide was d person dat contacted me dat very day I paid twice return it you scammers

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