When it comes to repaying your Lcredit loan, the process is easier than you might think. Lcredit offers flexible repayment options, ensuring a hassle-free experience. In this guide, we’ll walk you through the simple steps to repay your Lcredit loan using three convenient methods.
Steps on How to Repay Lcredit Loan
Step 1: Access Your Lcredit
Account Begin by logging into your Lcredit account through the app.
Step 2: Navigate to Loan
Bill Once logged in, locate and click on the “Loan Bill” option within the app.
Step 3: Choose Repayment
Amount Select the amount you wish to repay. You can either enter a specific amount or opt for full loan repayment.
Step 4: Select Repayment Option
Lcredit provides several repayment options. Choose the one that suits you best:
Option 1: Debit Card (ATM Card)
- Click on “Pay with Card” and select a linked debit card or add a new one by entering card details.
- Provide your ATM card number, expiry date, and CVV number.
- Click “Repay Now” to finalize the payment. Your account will be updated accordingly.
Option 2: USSD Method
- Click on “Pay with Bank” or “USSD” from the list of repayment methods.
- Click “Repay Now” and select “Pay with USSD.”
- Copy the provided USSD code and paste it into your phone’s dialer.
- Initiate the payment.
- Confirm payment by clicking “I’ve completed the payment.”
Option 3: Offline Payment (Bank Deposit/Transfer, POS, or ATM)
- Choose the “Offline Transfer” option.
- Note the Wema bank account number (virtual account) displayed.
- Use this account number on your bank app, at an ATM or POS, or visit the bank in person to make payment.
- Ensure you use the account number before its expiration time. Generate a new account number if needed.
FAQs
Can I repay my Lcredit loan before the due date?
Yes, repaying before the due date is advisable. It can lead to reduced interest and improved credit scores.
What if I miss the repayment deadline?
Missing the due date leads to increased interest rates and persistent reminders from Lcredit.
How long does it take to repay an Lcredit loan?
Repayment is quick. A notification confirming your repayment will arrive within minutes.
Conclusion
Repaying your Lcredit loan is a straightforward process, thanks to the user-friendly options provided by the app. Choose from debit card, USSD, or offline methods to settle your loan conveniently. By following these steps, you can ensure timely repayments and maintain a positive financial track record. If you have any questions, feel free to leave a comment below.
Also Read: Can Loan Apps Block Your BVN?