Simply put, microfinance lending is the provision of financial services to people who lack access to those services from traditional financial institutions like banks. In essence, a microfinance lending company like Lapo provides loans to borrowers who were previously deemed unbankable by conventional banking institutions. Learn how to apply for a Lapo personal loan in a few easy steps by reading on.
Lapo Personal Loan Overview
A personal loan is a set sum of money you can obtain and spend for a variety of things. In essence, the Lapo personal loans product gives you access to quick finance for personal purposes of up to N500,000. You can run your business or use this money to meet your own requirements. The underbanked people in Nigeria can readily acquire this loan because it is also free of collateral.
How can I apply for a Lapo personal loan?
To apply for a personal loan from this microfinance bank, follow these instructions:
- Visit the nearest Lapo branch around you
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Next, request for a personal loan application form
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Lastly, fill out the application form given
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Finally, complete the application form that was provided to you, affix the required documentation to the form, and submit it.
Documents Required For Lapo Personal Loan
To apply for a personal loan from this financial organization, you must meet the following requirements:
- Loan application letter.
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4 recent passports.
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2 guarantors.
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Duly completed application form.
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A valid means of ID
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Current utility bill.
What is the USSD banking code for Lapo
Lapo’s USSD Banking code is *371#. You essentially have immediate access to their services via your smartphone with this code. To use these services at your convenience, simply phone *371#.
How do I get to contact Lapo?
Here are some of the many ways you can get in touch with Lapo Microfinance Bank:
Head Office Address: LAPO Place, 15A Ikorodu-Ososun Road, Lagos State.
Annex Office Address: 18, Dawson Road, Benin City, Edo State.
Phone Number: +(234) 813 984 0230
WhatsApp Number: 081 5055 3264
Email Address: info@lapo-nigeria.org
Website: www.lapo-nigeria.org
Closing Remarks
Lapo personal loans are accessible to Nigeria’s unbanked populace. Additionally, they don’t require any collateral, so you can easily access them. Make sure to go to the Lapo branch closest to you and submit an application if you require a loan for your business or any other personal purpose.