For Nigerians in need of prompt and hassle-free financial assistance, Lumos Loan is a trusted online platform for credit loans.
Lumos Loan is the ideal choice for your borrowing needs with loan amounts ranging from 50,000 to 350,000 and repayment terms between 91 and 365 days.
- N50,000 to N350,000 in loans
- Loan Term: 91 days is the shortest and 365 days is the longest
- Interest Rate Per Day: 0.0057%
- APR (Annual Percentage Rate) maximum: 20.55%
- Example of a Loan Calculation
- For instance, if you decide on a loan with a principal of $100,000 and a 12-month term, the calculation would be as follows:
- Payment Schedule: 12 Months
- Primary: 100,000
- Cost: 0 Total Interest Paid: 20,550 Amount Spent: 100,000 PMT (Monthly Payment Amount): 10,045.80
- Amount total: 120,550
- Interest paid overall: 20.55%
- 1.71% per month in interest
How to Make a Lumos Loan Application
It’s easy to apply for a Lumos Loan:
- Set up an account.
- Apply immediately.
- Directly deposit your loan into your bank account.
Conditions for Eligibility
In order to be qualified for a Lumos Loan, you must:
- Be a citizen of Nigeria.
- be older than 18 years old.
- possess legal documentation and proofs.
- possess a current bank account.
Regarding Lumos Loan
The sole goal of Lumos lending, an online platform for credit loans, is to offer people quick lending services.
With loan sums up to 350,000, Lumos Loan can promptly assess consumers’ total credit thanks to its mature and skilled risk control capabilities.
The Lumos Loan app was created as a free service by Tinni Investments Private Limited, a Systemically Important Microcredit Company.
The Central Bank of Nigeria (CBN) reviews and approves all loan applications; the CBN informs applicants up front of its decision.
Lumos Loan client services
Contact Lumos Loan at the following number for questions or help:
Email: LumosLoan2022@outlook.com Address: Flat No.4, Finance Quarter, Life Camp, Abuja, FCT-Abuja, Nigeria
Contact number: +234 09013395317
9:00 AM to 6:30 PM, Monday through Friday
10 a.m. to 6:00 p.m. on Saturday and Sunday