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.
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 score.
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What if I miss the repayment deadline?
- Missing the due date leads to increased interest rates and persistent reminders from Lcredit.
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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.