A speedy loan solution in Nigeria
Lumos Loan-Instant Cash is a free loan app in Nigeria developed by Tinni Investments Private Limited. This financial solution provides a hassle-free way for people requiring immediate financing to secure short-term loans.
As an authorized financial institution monitored by the Central Bank of Nigeria, Lumos Loan-Instant Cash offers borrowers a reliable and secure platform to access loan facilities. In addition, it provides practical and adaptable repayment terms to meet various financial requirements. The app operates in the same way as other Nigerian loan services, such as EaseMoni—Instant Loan Online and OKash: Safe and Reliable Loan.
Fast and convenient lending solution
Lumos Loan-Instant Cash simplifies the process of borrowing funds with a user-friendly electronic platform that takes just a few moments to complete. This loan facility is open to all Nigerian citizens over 18 years old with a stable source of income and solid credit history. Borrowers can conveniently submit an application from their personal devices anytime. Unlike other lending institutions, this app does not impose a processing fee.
This loan program offers borrowers an amount between ₦50,000 to ₦350,000, based on their credit history. It comes with a reasonable annual interest rate of 20.55 percent, which is lower compared to other similar lending facilities. Additionally, borrowers have the option of selecting either a monthly installment or a lump sum repayment plan, both within a repayment period of 91 to 365 days.
To submit a loan request, borrowers need to register on the app with their personal information, valid ID, and address proof. The app’s secure encryption system guarantees borrowers that their data is securely managed. As soon as the loan application is approved, the money will be transferred promptly to your nominated bank account. However, the app can be prone to intermittent technical issues that cause some features to malfunction.
A trustworthy app to address financial distress
Lumos Loan-Instant Cash offers a simple and practical way for individuals to address pressing financial needs. With its paperless application process, secure encryption, quick approval, and fast fund transfer, borrowers can access the funds they need swiftly. Additionally, repayment requirements are adaptable, and there are no hidden costs or charges. Despite the occasional technical glitches, this app is still a reliable choice for borrowers.
