If you’re in need of a quick and easy loan in Kenya, the LendPlus app may be an option worth considering.
This digital loan app provides a simple and secure way to borrow money from the convenience of your phone.
In this article, we’ll explore everything you need to know about the LendPlus app, from the loan sign-up process to discounts and loan extensions.
Understanding the LendPlus app is the first step in determining if it’s the right loan provider for you.
With LendPlus, you can quickly get access to the funds you need without the hassle of traditional banks.
The loan sign-up process is straightforward, and you can apply from anywhere using your phone.
Additionally, LendPlus offers loan extensions, making it easier to repay your loan on time without the added stress of late fees.
Exploring discounts is another important aspect of the LendPlus app.
By signing up for a loan through the app, you may be eligible for discounts and special offers. These discounts can help you save money on interest rates and fees, making it a more affordable option for borrowing money.
Key Takeaways
- The LendPlus app provides a quick and easy way to borrow money in Kenya.
- The loan sign-up process is straightforward, and you can apply from anywhere using your phone.
- LendPlus offers loan extensions and discounts, making it a more affordable option for borrowing money.
Understanding the LendPlus App
If you’re looking for a digital loan app that offers high loan limits and repayment extensions, LendPlus might be the right choice for you.
Here’s what you need to know to get started with the LendPlus app:
Loan Sign-Up
Signing up for a loan on the LendPlus app is easy and straightforward.
All you need is a valid ID number and a mobile phone number registered in your name.
Once you’ve downloaded the app, you can fill out a loan request form and wait for a decision.
The decision is usually made within 15 minutes, and if you’re approved, you’ll receive the money in your account within a minute.
Loan Limits and Repayment Extensions
LendPlus offers a relatively high loan limit of up to Ksh15,000 for first-time borrowers.
If you need more money, you can apply for subsequent loans after repaying your first loan.
One of the best features of LendPlus is its repayment extension option.
If you’re unable to repay your loan on time, you can request an extension of up to 30 days.
However, keep in mind that an extension will attract additional interest and fees.
Discounts and Promotions
LendPlus occasionally offers sign-up discounts and promotions to its users.
Keep an eye out for these offers to save money on your loan.
However, be sure to read the terms and conditions carefully before taking advantage of any promotions to avoid any surprises later on.
Customer Support
If you have any questions or concerns about your loan or the LendPlus app, you can contact their customer support team.
LendPlus offers customer support through phone, email, and social media channels.
You can also visit their website for more information and frequently asked questions.
Overall, LendPlus is a reliable and convenient loan app that offers high loan limits and repayment extensions.
Keep in mind that borrowing money comes with responsibilities, and you should only borrow what you can afford to repay.
Loan Sign-Up Process
When you need a loan, the LendPlus app offers a simple and quick loan sign-up process.
The process involves registration, loan application, and approval and disbursement.
Registration
To register on the LendPlus app, you need to provide your phone number, which should be connected to an M-Pesa account.
Once you enter your phone number, click on the “Continue” button to proceed to the next step.
You will be required to read and accept the terms and conditions before proceeding to the loan application process.
Loan Application
After registration, you can apply for a loan on the LendPlus app.
The loan application process involves providing your personal and financial information, which includes your name, national ID number, employment details, and bank account information.
You will also need to specify the loan amount you require and the repayment period.
Approval and Disbursement
Once you complete the loan application process, LendPlus will review your application and determine your eligibility for a loan.
If your loan application is approved, the loan amount will be disbursed to your bank account within minutes.
It is important to note that LendPlus may require additional documentation or information to process your loan application.
Therefore, it is advisable to ensure that you provide accurate and up-to-date information during the loan application process.
In summary, the loan sign-up process on the LendPlus app is simple and straightforward.
The app provides a convenient way to apply for a loan and receive funds quickly.
Exploring Discounts
If you’re looking to save money while borrowing from LendPlus, you’ll be happy to know that there are two types of discounts available: loyalty discounts and referral discounts.
Loyalty Discounts
LendPlus rewards its loyal borrowers with discounts on their interest rates.
The more loans you take out and repay on time, the higher your loyalty status, and the more discounts you can receive.
Here’s a breakdown of the different loyalty levels and the corresponding discounts:
| Loyalty Level | Discount |
|---|---|
| Bronze | 0.5% |
| Silver | 1% |
| Gold | 1.5% |
| Platinum | 2% |
To qualify for a loyalty discount, you must have taken out at least two loans from LendPlus and repaid them on time.
Your discount will be automatically applied to your next loan.
Referral Discounts
LendPlus also offers referral discounts to borrowers who refer their friends and family to the app.
For each successful referral, you’ll receive a discount on your next loan. Here’s how it works:
- Share your referral code with your friends and family.
- When they sign up for LendPlus using your code, they’ll receive a discount on their first loan.
- Once they repay their loan, you’ll receive a discount on your next loan.
The amount of the discount varies depending on the current promotion, so be sure to check the app for the latest offers.
Loan Extensions
If you have taken out a loan with LendPlus and are struggling to make your repayments on time, you may be eligible for a loan extension.
This will allow you to extend your repayment period and pay back the loan in instalments. Here’s what you need to know about loan extensions with LendPlus.
Eligibility for Extensions
To be eligible for a loan extension with LendPlus, you must meet the following criteria:
- You must have an outstanding loan with LendPlus
- You must have made at least one repayment towards your loan
- You must have a valid reason for needing an extension, such as unexpected expenses or a change in income
If you meet these requirements, you can apply for a loan extension with LendPlus.
How to Apply for Extensions
To apply for a loan extension with LendPlus, follow these steps:
- Log in to your LendPlus account using the mobile app or website.
- Navigate to the “My Loans” section and select the loan you wish to extend.
- Click on the “Extend Loan” button and select the duration of the extension you require.
- Submit your application and wait for LendPlus to review your request.
If your application is approved, LendPlus will notify you of the new repayment schedule. You will be required to make payments on the agreed dates to avoid defaulting on your loan.
It’s important to note that loan extensions with LendPlus come with additional fees and interest charges.
Before applying for an extension, make sure you understand the terms and conditions of the extension and the total cost of the loan.
Security Measures
LendPlus takes the security of its users’ personal and financial information very seriously.
The app uses advanced security measures to ensure that all data is kept safe and secure.
Here are some of the security measures that LendPlus has in place:
- Encryption: All user data is encrypted using industry-standard encryption protocols to ensure that it cannot be intercepted or read by unauthorized parties.
- Secure Servers: LendPlus uses secure servers to store user data. These servers are protected by firewalls and other security measures to prevent unauthorized access.
- Two-Factor Authentication: LendPlus uses two-factor authentication to ensure that only authorized users can access the app. This means that users must provide a password and a unique code sent to their mobile phone to log in.
- Regular Audits: LendPlus regularly audits its security measures to ensure that they remain up-to-date and effective. This includes regular vulnerability assessments and penetration testing.
- Privacy Policy: LendPlus has a comprehensive privacy policy that outlines how user data is collected, used, and protected. Users can read the policy in full on the LendPlus website.
Customer Support
LendPlus Kenya offers customer support through various channels to ensure that you get the help you need when you need it.
Here are the different ways you can get in touch with the lender’s support team:
Phone Support
You can reach LendPlus Kenya’s customer support team by phone at (888) 608-9970. The phone line is available during business hours, which are Monday through Friday from 9:00 AM to 5:00 PM.
If you have any questions or concerns about your loan application, repayment, or any other issues, you can call the support team for assistance.
Email Support
If you prefer to communicate via email, you can reach LendPlus Kenya’s customer support team at [email protected].
The support team typically responds to emails within 24 hours, so you can expect a prompt response to your queries.
In-App Chat Support
LendPlus Kenya also offers in-app chat support for its borrowers. If you have the LendPlus app installed on your smartphone, you can access the chat support feature by tapping on the “Support” button in the app’s menu.
The chat support team is available during business hours and can assist you with any issues you may have.
FAQ Section
LendPlus Kenya has a comprehensive FAQ section on its website that covers a wide range of topics related to the lender’s loan products and services.
If you have a question or concern, you may find the answer in the FAQ section. The FAQ section is organized by topic, making it easy to find the information you need.
Frequently Asked Questions
What is the loan repayment period for LendPlus?
The loan repayment period for LendPlus varies depending on the loan amount and the specific terms of your loan agreement. However, the loan repayment period is typically between 7 to 30 days.
How do I pay back my LendPlus loan?
You can pay back your LendPlus loan through M-Pesa Paybill, Airtel Money, or Equitel. Simply follow the instructions on the LendPlus loan app to make your payment.
How can I get a promo code for LendPlus?
LendPlus occasionally offers promo codes to its customers. To get a promo code, keep an eye on the LendPlus website and social media pages for any promotions or special offers.
What is the customer care number for LendPlus loan app?
The customer care number for LendPlus loan app is +254 20 765 0870. You can also reach LendPlus customer care through email at [email protected].
Who is the owner of LendPlus?
LendPlus is owned by LendPlus Africa Limited, a registered company in Kenya.
What are the contact details for LendPlus?
You can contact LendPlus through their website at www.lendplus.co.ke or through their social media pages on Facebook, Twitter, and Instagram. You can also reach them through their customer care number or email address provided above.
