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LAPO Vs Loan Apps - Which Is Better? - Investment - Nairaland

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LAPO Vs Loan Apps - Which Is Better? by julybaba(m): 10:15am On Mar 10, 2023
Have you ever borrowed money from LAPO? If yes, how easy was the repayment?

LAPO or Loan Apps - Which is better?

Please share your experience with either / both ?

Re: LAPO Vs Loan Apps - Which Is Better? by Romanoff(f): 10:20am On Mar 10, 2023
LAPO loan is mostly for salary earners or business people with daily turnover. Payment is either weekly for businesspeople or monthly for salary earners.

LAPO doesn't take any excuses when it comes to repayment.
Re: LAPO Vs Loan Apps - Which Is Better? by julybaba(m): 10:42am On Mar 10, 2023
Romanoff:
LAPO loan is mostly for salary earners or business people with daily turnover. Payment is either weekly for business people or monthly for salary earners.

LAPO doesn't take any excuses when it comes to repayment.

Thanks for your contribution. Do LAPO ask for collateral, if the person borrowing is not a salary earner?
Re: LAPO Vs Loan Apps - Which Is Better? by fidelmarshal199: 10:54am On Mar 10, 2023
julybaba:


Thanks for your contribution. Do LAPO ask for collateral, if the person borrowing is not a salary earner?

The credit officer has to confirm your source of livelihood before disbursement of the loan. So you must have something doing before you can be considered whereas loan app only request for your bvn and loan is sure
Re: LAPO Vs Loan Apps - Which Is Better? by Romanoff(f): 11:50am On Mar 10, 2023
julybaba:


Thanks for your contribution. Do LAPO ask for collateral, if the person borrowing is not a salary earner?

Depends. They have a loan product for business where they cross guarantee each other. The product is for women.

I don't know if they give it to men.
Re: LAPO Vs Loan Apps - Which Is Better? by LLSAINT(m): 11:56am On Mar 10, 2023
None.
Both are capitalist.
Take Loan and Moan later........
My advice: go for a government credit scheme, not these certified Ponzis who will milk and embarrass you at the end....
Re: LAPO Vs Loan Apps - Which Is Better? by julybaba(m): 3:22pm On Mar 10, 2023
Romanoff:


Depends. They have a loan product for business where they cross guarantee each other. The product is for women.

I don't know if they give it to men.

Thanks for the information
Re: LAPO Vs Loan Apps - Which Is Better? by julybaba(m): 3:24pm On Mar 10, 2023
LLSAINT:
None.
Both are capitalist.
Take Loan and Moan later........
My advice: go for a government credit scheme, not these certified Ponzis who will milk and embarrass you at the end....

Hmm. Nice suggestion. Thanks

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Re: LAPO Vs Loan Apps - Which Is Better? by julybaba(m): 3:25pm On Mar 10, 2023
fidelmarshal199:


The credit officer has to confirm your source of livelihood before disbursement of the loan. So you must have something doing before you can be considered whereas loan app only request for your bvn and loan is sure
Thanks for the enlightenment.

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